Ford Motor

Ford announced a formal privacy promise that it will not sell customer driving data to third‑party data brokers, will use aggregation and anonymization techniques, and will provide clearer information and controls for customers. The pledge follows GM’s $220 million settlement over alleged illegal data sales and aims to position Ford as more privacy‑protective amid widespread industry tracking. Ford notes legal exceptions in its privacy policy (eg, law enforcement requests and service providers) and warns that opting out of data sharing can disable features like navigation and remote services. The FTC or state attorneys general could act if Ford breaks its public promise. » Altro su theverge.com

Ford expects a burden of nearly $2.5 billion from higher commodity prices (previously ~ $2 billion). Revenue from combustion-engine models fell 3 percent to $27.1 billion, and total revenue declined 2 percent to $49.5 billion. Ford raised the lower end of its adjusted pre-tax earnings guidance and now expects $10.5–11 billion; net income fell about 16 percent to $2 billion. Electric vehicle sales dropped 31 percent to 34,000 units, the EV division’s operating loss narrowed from $1.4 billion to around $1 billion; the stock reacted with an intraday gain. » Altro su finanzen.net

Ford reports an adjusted operating profit of $2.7 billion and adjusted earnings per share of $0.49 in the third quarter (expectation $0.40). Revenue was $49.5 billion; the lower end of the full-year EBIT forecast was raised by $500 million to $10.5 billion. The company expects higher costs for copper, steel, fuel and chips as well as increased freight costs due to the Iran war, and raised its estimate of commodity costs to nearly $2.5 billion. Production losses on the F-150 from supplier problems and the effects of the Novelis fire have largely been overcome; North America trade issues and a sales decline in the US continue to weigh on the business. » Altro su manager-magazin.de