FORD MOTOR COMPANY (NASDAQ:F) Files An 8-K Regulation FD Disclosure

ME Staff

8 years ago

FORD MOTOR COMPANY (NASDAQ:F) Files An 8-K Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure.

Bob Shanks, our executive vice president and chief financial
officer, will host a Lets Chat forum today to discuss key items
of interest to the investment community. Todays presentation will
note that we continue to expect our total company adjusted
pre-tax profit to decline in 2017 compared with 2016, reflecting
our planned investments in emerging opportunities, and improve in
2018.^{>>We continue to expect results for our core

business (i.e., core Automotive and Ford Credit) to improve

through 2018. We expect our core Automotive business to improve

both in 2017 and 2018, but due to lower auction values, we now

expect Ford Credits pre-tax profit to be about $1.5 billion in

2017, down about $300 million from our prior guidance of about

equal to 2016.}

^{Our effective tax rate (pct.), as well as our adjusted

effective tax rate (pct.), is now expected to be in the high 20s

in 2016.}

^{* * *}

^{Risk Factors}

^{Statements included or incorporated by reference herein may

constitute forward-looking statements within the meaning of the

Private Securities Litigation Reform Act of 1995. Forward-looking

statements are based on expectations, forecasts, and assumptions

by our management and involve a number of risks, uncertainties,

and other factors that could cause actual results to differ

materially from those stated, including, without

limitation:}


	Decline in industry sales volume, particularly in the United States, Europe, or China, due to financial crisis, recession, geopolitical events, or other factors;


	Decline in Fords market share or failure to achieve growth;


	Lower-than-anticipated market acceptance of Fords new or existing products or services;


	Market shift away from sales of larger, more profitable vehicles beyond Fords current planning assumption, particularly in the United States;


	An increase in or continued volatility of fuel prices, or reduced availability of fuel;


	Continued or increased price competition resulting from industry excess capacity, currency fluctuations, or other factors;


	Fluctuations in foreign currency exchange rates, commodity prices, and interest rates;


	Adverse effects resulting from economic, geopolitical, or other events;


	Economic distress of suppliers that may require Ford to provide substantial financial support or take other measures to ensure supplies of components or materials and could increase costs, affect liquidity, or cause production constraints or disruptions;


	Work stoppages at Ford or supplier facilities or other limitations on production (whether as a result of labor disputes, natural or man-made disasters, tight credit markets or other financial distress, production constraints or difficulties, or other factors);


	Single-source supply of components or materials;


	Labor or other constraints on Fords ability to maintain competitive cost structure;


	Substantial pension and postretirement health care and life insurance liabilities impairing liquidity or financial condition;


	Worse-than-assumed economic and demographic experience for postretirement benefit plans (e.g., discount rates or investment returns);


	Restriction on use of tax attributes from tax law ownership change;


	The discovery of defects in vehicles resulting in delays in new model launches, recall campaigns, or increased warranty costs;


	Increased safety, emissions, fuel economy, or other regulations resulting in higher costs, cash expenditures, and/or sales restrictions;


	Unusual or significant litigation, governmental investigations, or adverse publicity arising out of alleged defects in products, perceived environmental impacts, or otherwise;

^{_________________}

^{¹ Total company adjusted pre-tax profit is a

non-GAAP financial measure. We do not provide guidance on net

income, the comparable GAAP financial measure. Full-year net

income in 2016 through 2018 will include potentially significant

special items that have not yet occurred and are difficult to

predict with reasonable certainty prior to each year end,

specifically pension and OPEB remeasurement gains and

losses.}


	A change in requirements under long-term supply arrangements committing Ford to purchase minimum or fixed quantities of certain parts, or to pay a minimum amount to the seller (take-or-pay contracts);


	Adverse effects on results from a decrease in or cessation or clawback of government incentives related to investments;


	Inherent limitations of internal controls impacting financial statements and safeguarding of assets;


	Cybersecurity risks to operational systems, security systems, or infrastructure owned by Ford, Ford Credit, or a third-party vendor or supplier;


	Failure of financial institutions to fulfill commitments under committed credit and liquidity facilities;


	Inability of Ford Credit to access debt, securitization, or derivative markets around the world at competitive rates or in sufficient amounts, due to credit rating downgrades, market volatility, market disruption, regulatory requirements, or other factors;


	Higher-than-expected credit losses, lower-than-anticipated residual values, or higher-than-expected return volumes for leased vehicles;


	Increased competition from banks, financial institutions, or other third parties seeking to increase their share of financing Ford vehicles; and


	New or increased credit regulations, consumer or data protection regulations, or other regulations resulting in higher costs and/or additional financing restrictions.

We cannot be certain that any expectation, forecast, or
assumption made in preparing forward-looking statements will
prove accurate, or that any projection will be realized. It is to
be expected that there may be differences between projected and
actual results. Our forward-looking statements speak only as of
the date of their initial issuance, and we do not undertake any
obligation to update or revise publicly any forward-looking
statement, whether as a result of new information, future events,
or otherwise. For additional discussion, see Item 1A. Risk
Factors in our 2015 Form 10-K Report, as updated by our
subsequent Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K.

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