FORD MOTOR CO

Ford Motor Company has restructured its involvement in the BlueOval SK (BOSK) joint venture, exiting the partnership and terminating its $6.6 billion capital contribution requirement. Concurrently, Ford was released from its 50% guarantee on BOSK's original $9.633 billion DOE loan. Ford Energy Battery LLC, a wholly owned subsidiary, acquired BOSK's interests in two Kentucky battery plants, and Ford assumed a direct $3.805 billion DOE loan for these facilities. The new loan carries a 4.814% interest rate, with payments scheduled through July 2040, and includes a liquidity covenant requiring Ford to maintain at least $4 billion in available liquidity.

FORD MOTOR CO reported a strong first quarter for 2026, with total revenues increasing by 6.4% to $43.25 billion. Net income attributable to Ford Motor Company saw a substantial 441% rise to $2.55 billion, leading to diluted earnings per share of $0.63. While net cash provided by operating activities decreased, the company demonstrated significant improvements in core profitability.

Ford Motor Company reported strong first-quarter 2026 financial results, with revenue of $43.3 billion, a 6% increase year-over-year, and net income of $2.5 billion. Adjusted EBIT reached $3.5 billion, reflecting a $1.3 billion one-time IEEPA tariff benefit, strong product mix, and growth in software and physical services. The company also raised its full-year adjusted EBIT guidance to $8.5 billion to $10.5 billion and declared a second-quarter regular dividend of 15 cents per share. Ford Blue and Ford Pro segments showed strong performance, while Model e continued to optimize for profitability.

Ford Motor Company announced that J. Douglas Field, its Chief EV, Digital, and Design Officer, has elected to depart the company next month. Field's exit follows a period of transition, with the company being notified of his decision on April 15, 2026. This change impacts a key leadership role in Ford's electric vehicle and digital strategy.

Ford Motor Company has entered into the Twenty-Third Amendment to its Credit Agreement, originally dated December 15, 2006. This latest amendment was executed on April 15, 2026, and involves a consortium of financial institutions, including JPMorgan Chase Bank, N.A. as the Administrative Agent. The amendment updates the terms of the long-standing credit facility.