Ford is growing its accessory and parts business to increase profits and capture more of the $53 billion U.S. automotive aftermarket. The company plans more exclusive product launches, similar to "Nike shoe drops," starting with a limited-edition Ford Bronco SUV priced at $57,350. Ford Custom Garage offers customization packages that can add thousands to vehicle prices, enhancing customer loyalty and allowing costs to be included in financing. This strategy supports Ford's goal to grow its $15 billion software and physical services revenue by 8% annually through 2030.
Jefferies upgraded Ford Motor Company to 'Buy' with a $17.50 price target, suggesting a 22% gain from its current price of $14.35. Ford's attractive 4.24% dividend yield outperforms the S&P 500 average and rivals like General Motors. The company’s st...
This week, U.S. markets focus on the Federal Reserve's July meeting, key inflation data like Core PCE, and second-quarter GDP figures, alongside major tech earnings from Microsoft, Meta, Apple, and Amazon. Rising oil prices and geopolitical tensions ...
Ford has recalled over 500,000 Bronco SUVs made between 2021 and 2026 due to a wiring defect that could cause engine fires. The recall includes some Bronco Raptors and follows reports of at least 15 fire incidents linked to the wiring harness, though...
Ford announced it will integrate Apple Maps directly into its upcoming Universal Electric Vehicle Platform starting in 2027. This integration, enabled by Apple's MapKit for Automotive SDK, will offer drivers turn-by-turn navigation, real-time traffic...
Ford announced a partnership with Apple to include Apple Maps in its new Universal Electric Vehicle (UEV) platform launching in 2027. The integration will provide drivers with turn-by-turn navigation, real-time traffic updates, and detailed search fu...
