Ford Misses on Quarterly Results
American carmaker Ford Motor reported Q4 earnings on Thursday with revenues of $37.7bn, up 5% YoY and net income of $12.3bn vs. a net loss of $2.8bn in Q4 2020. The net income included an $8.2bn gain on its investment in EV startup Rivian Automotive; adjusting for it...
Ford Sees $8.2bn Gain from Rivian Investment
Ford Motors gave a guidance for its Q4 results saying that it includes an $8.2bn gain on its investment in Rivian Automotive Inc., an American electric vehicle automaker and automotive technology company. Rivian debuted in public markets with a $12bn IPO in 2021 and a...
Ford Prices $2.5bn Green Bond, the Largest by a US Company
Ford Motors priced the largest green bond ever by a US corporation raising $2.5b via a 10Y issuance. The bonds were priced at a yield of 3.25%, 37.5bp inside initial guidance of 3.625% area. Net proceeds will be used exclusively for clean transportation projects and...
