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FORD MOTOR COMPANY

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Ford to offer salaried buyouts, hopes to cut 1,000 U.S. positions

08/05/2021 | 02:07pm EDT
FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan

WASHINGTON (Reuters) - Ford Motor Co confirmed Thursday it hopes to cut 1,000 U.S. salaried positions as it offers voluntary incentives to leave to some white-collar employees in select areas.

The No. 2 U.S. automaker said the "action is to further enable us to match our business priorities with the critical skills needed to turnaround our automotive operations."

(Reporting by David Shepardson; editing by Jonathan Oatis)


© Reuters 2021
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Analyst Recommendations on FORD MOTOR COMPANY
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Financials (USD)
Sales 2021 128 B - -
Net income 2021 5 010 M - -
Net cash 2021 5 498 M - -
P/E ratio 2021 10,7x
Yield 2021 0,25%
Capitalization 54 129 M 54 129 M -
EV / Sales 2021 0,38x
EV / Sales 2022 0,27x
Nbr of Employees 186 000
Free-Float 98,0%
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Technical analysis trends FORD MOTOR COMPANY
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 13,55 $
Average target price 16,08 $
Spread / Average Target 18,7%
EPS Revisions
Managers and Directors
James D. Farley President, Chief Executive Officer & Director
John T. Lawler Chief Financial Officer & Vice President
William Clay Ford Executive Chairman
Douglas Field Chief Advanced Technology Officer
Hau Thai-Tang Chief Operations & Product Platform Officer
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