Ford Motor Company Announces Share Repurchase Program

Details

The plan authorizes repurchases of up to 31.7 million shares of Ford Common Stock. The repurchases will be funded using existing cash and cash equivalents and may be conducted through various methods, including open market purchases and privately negotiated transactions. The program does not obligate the Company to acquire any amount of Common Stock and may be suspended or discontinued at any time.

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About Ford Motor Company

Ford Motor Company, a prominent entity in the automotive sector, is renowned for designing, manufacturing, and selling a full line of trucks, utility vehicles, and cars, domestically and internationally. This esteemed company, founded in 1903 and headquartered in Dearborn, Michigan, also holds a significant presence in the automotive financial services landscape through Ford Credit. Ford’s commitment to innovation is evident in its push towards sustainable and smart vehicles, including the development of electric and autonomous driving technologies. As a key player in the automotive industry, Ford impacts several sectors, including manufacturing, transportation, and energy. Its operations influence global supply chains, employment, and economic health. The company's broad market reach, storied history, and strategic emphasis on future mobility solutions reinforce its integral role in the automotive market's advancement and evolution.