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FORD MOTOR COMPANY

(F)
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IT'S STILL ABOUT TRUST: FORD UPDATES SAFETY ASSESSMENT AS IT NEARS LAUNCH OF SELF-DRIVING BUSINESS

06/18/2021 | 09:41am EDT

DEARBORN, MICH.- Back in 2018, Ford issued a comprehensive report to the U.S. Department of Transportation (DOT) that outlined the way we approach self-driving vehicle development.

A lot has changed in the years since, but our purpose has remained rock solid: to use autonomous technology to help make people's lives better by providing a safe, trusted and affordable mobility solution.

Since we released that first safety report, we have continued bringing together all the complex pieces needed to launch a self-driving service. In addition to working with Argo AI to advance the development of a robust Automated Driving System to guide our vehicles on the road, we've continued to research and develop an exceptional customer experience, our fleet management capabilities, our behind-the-scenes transportation-as-a-service software and more.

To capture these developments and maintain our goal to be transparent, we've recently updated our voluntary safety self-assessment, A Matter of Trust 2.0 and shared it with the U.S. DOT.

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford trucks, utility vehicles, and cars - increasingly including electrified versions - and Lincoln luxury vehicles; provides financial services through Ford Motor Credit Company; and is pursuing leadership positions in electrification; mobility solutions, including self-driving services; and connected vehicle services. Ford employs approximately 186,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit corporate.ford.com.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 132 B - -
Net income 2021 5 082 M - -
Net cash 2021 6 246 M - -
P/E ratio 2021 10,6x
Yield 2021 0,13%
Capitalization 53 210 M 53 210 M -
EV / Sales 2021 0,36x
EV / Sales 2022 0,26x
Nbr of Employees 186 000
Free-Float 98,0%
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 13,32 $
Average target price 16,14 $
Spread / Average Target 21,1%
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Managers and Directors
James D. Farley President, Chief Executive Officer & Director
John T. Lawler Chief Financial Officer & Vice President
William Clay Ford Executive Chairman
Hau Thai-Tang Chief Operations & Product Platform Officer
Beth A. Rose Chief Compliance, Ethics & Integrity Officer
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