Ford Motor Co
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Consumer Discretionary : Automobiles | Mid Cap Value
Company profile

Ford Motor Company is a global automotive and mobility company. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. The Automotive segment primarily includes the sale of Ford and Lincoln brand vehicles, service parts, and accessories across the world. The Financial Services segment primarily includes its vehicle-related financing and leasing activities at Ford Motor Credit Company LLC. Ford Smart Mobility LLC is a subsidiary formed to design, build, grow, and invest in emerging mobility services. The Central Treasury Operations segment is primarily engaged in decision making for investments, risk management activities, and providing financing for the Automotive segment.

Closing Price
$6.05
Day's Change
0.07 (1.17%)
Bid
--
Ask
--
B/A Size
--
Day's High
6.17
Day's Low
6.00
Volume
(Below Average)
Volume:
67,270,506

10-day average volume:
78,477,635
67,270,506

UPDATE: Tesla negotiating incentives with Austin, Texas, area: report

4:06 pm ET June 15, 2020 (MarketWatch)
Print

Tesla Inc. (TSLA) and Travis County, Texas, are negotiating the terms of a possible incentives package to bring the company's next factory to the area, according to a report (https://www.statesman.com/business/20200615/breaking-travis-county-considering-tesla-incentives-deal)in the Austin American-Statesman Monday. County commissioners are scheduled to discuss the deal in an executive session Tuesday, and a vote is expected "in the coming weeks," the newspaper said, citing people with knowledge of the proceedings. Tesla reportedly has shortlisted Austin and Tulsa, Okla., as the possible locations for the plant, which would be its second U.S. car-making factory after its long-standing plant in Fremont, Calif. It was unclear whether the discussions in Texas meant that the Austin area had been selected as the location or if the company continued to discuss the matter with other locations. Back in 2014, Nevada agreed to about $1.3 billion in incentives (http://www.marketwatch.com/story/tesla-to-pick-nevada-as-final-gigafactory-site-2014-09-03) to bring the Tesla's battery factory to the state, and estimated then that the "gigafactory" would bring $100 billion in economic activity over the next 20 years. Shares of Tesla rose nearly 6% on Monday.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 15, 2020 16:06 ET (20:06 GMT)

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