Ford Declares Special Dividend and Confirms 2017 Guidance From September
At a Jan. 10 investor conference, Ford confirmed the medium-term guidance that it gave back in September, so we see no need to change our fair value estimate. The company did increase its 2016 tax rate, however, to about 32%, as some tax benefits in Europe will not be realized; management expects a similar tax rate in 2017. Total company pretax profit for 2017 is guided to decline, as a strong core auto business will not offset negative variances from Ford Motor Credit due to declining residual ...Ford Motor designs, manufactures, markets, and services a line of Ford cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln vehicles, as well as provides financial services through its subsidiary, Ford Motor Credit Company LLC. The company is engaged in electrification; mobility solutions, including self-driving services; and connected vehicle services. The company has three operating segments: Automotive, which includes the sale of Ford and Lincoln vehicles, service parts, and accessories; Mobility, which includes its autonomous vehicles and its investment in mobility through Ford Smart Mobility LLC; and Ford Credit, which includes vehicle-related financing and leasing activities.
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