Ford Begins Its Second European Restructuring Effort This Decade
We are not changing our fair value estimate for now due to Ford's Jan. 10 European restructuring announcement. Before making any changes in our model for Europe and possibly 2019 guidance, we will wait to hear more from management around targeted cost savings, possibly given as soon as Jan. 15 and 16 at two conferences in Detroit during the auto show. The European news alone would likely not impact our fair value estimate by more than $1 per share, if at all. We are also waiting to hear details ...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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