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Ford Motor Company announced today that its board of directors has approved a repurchase program for up to approximately 116 million shares of Ford common stock, which will offset share dilution and help improve shareholder returns. At today’s closing sale price of Ford common stock of $15.46, this is the equivalent of a $1.8 billion share repurchase program.
Think of the all-new 2014 Ford Transit Connect Wagon as the #unminivan. Fuel efficient, flexible, uniquely styled and fun to drive, Transit Connect Wagon is an affordable people mover for families and active individuals who want to be ready for whatever life brings.
Ford India recorded an 83 percent increase in sales in April, selling 13,297 vehicles in combined domestic wholesales and exports, compared to 7,270 units sold in the corresponding period last year.
Ford Motor Company total U.S. sales of 211,126 vehicles last month declined 1 percent from a year ago. Retail sales of 141,950 vehicles are off 1 percent compared with a year ago. Commercial and government fleet sales were up 16 and 21 percent, respectively, while daily rental sales declined 24 percent.
Supported by 2,000 new employees and a $1.1 billion investment, the all-new Ford Transit van rolls off the line at Kansas City Assembly Plant today, as Ford aims to strengthen its leadership in the commercial vehicle segment.
Ford Transit is joining History’s “American Pickers” as stars Mike Wolfe and Frank Fritz travel around the United States, searching remote and rustic locations for classic gems that can be restored and resold.
Ford Motor Company [NYSE: F] today reported a 2014 first quarter pre-tax profit of $1.4 billion, its 19th consecutive profitable quarter. The company also affirmed its full-year pre-tax profit guidance of $7 billion to $8 billion as it launches 23 new global vehicles, the most in a single year in its history.
Ford is off to a strong sales start in Europe in 2014, posting year-over-year sales improvements for the tenth straight month in March and the fourth consecutive quarter.