Investment Thesis
Ford Motor Company pairs profitable trucks/commercial vehicles with a growing Model e EV division and Ford Pro software/services. Ford+ strategy targets balanced growth and higher ROIC.
- Ford Pro: Commercial vehicles, telematics, and financing drive sticky revenue.
- EV Transition: F-150 Lightning, Mustang Mach-E, and Model e platform scale over time.
- Cost Actions: Supply simplification and quality initiatives aim to improve margins.