Ford Going to Split? Our Meeting With Management

Joel Levington from Bloomberg Intelligence shares insights from a meeting with Ford's investor relations team. Key topics include Ford's EV and ICE business strategies, volume growth outlook compared to General Motors, and their relationship with Moody's regarding investment grade status. The discussion also covers Ford's capital allocation plans and cash management, including their stake in RIVIAN. The video concludes with contact information for further inquiries.

Who is Joel Levington?

• Director of Global Research at Bloomberg Intelligence

• Investor Relations Manager at Ford

• CEO of Ford

• Automotive Analyst at Moody's

What is Ford's approach to its EV and ICE engine businesses?

• They are considering a breakup of the two businesses.

• They are running them separately with unique strategies.

• They are merging them into a single business unit.

• They are discontinuing the ICE engine business.

Why is Ford projecting lower volume growth than General Motors for 2022?

• Due to a strategic decision to reduce production.

• Because of idled plants and supply chain disruptions.

• Because they are focusing on international markets.

• Due to a lack of new vehicle models.

What role does pricing play in Ford's financial strategy?

• It is not a significant factor.

• It is crucial for achieving operating margin targets.

• It is only important for luxury vehicles.

• It is used to compete with low-cost manufacturers.

How does Ford plan to use its excess capital?

• By immediately raising dividends.

• By investing in joint ventures and potential debt tenders.

• By acquiring new companies.

• By increasing employee salaries.

What is Ford's current status regarding investment grade?

• They have already achieved investment grade.

• They are on a path to achieve it by 2023.

• They have no plans to change their current status.

• They are not interested in achieving investment grade.

What is Ford's valuation call according to the transcript?

• Red

• Yellow

• Green

• Blue