Ford leans on Google for connected vehicle tech

  • Ford (F +5.9%) announces a strategic partnership with Alphabet (NASDAQ:GOOGL) to accelerate its transformation and reinvent the connected vehicle experience.
  • Ford has also named Alphabet Cloud its preferred cloud provider to leverage its artificial intelligence and machine learning muscle.
  • As part of the new, six-year partnership millions of future Ford and Lincoln vehicles at all price points will be powered by Android, with Alphabet apps and services built-in.
  • "As Ford continues the most profound transformation in our history with electrification, connectivity and self-driving, Alphabet and Ford coming together establishes an innovation powerhouse truly able to deliver a superior experience for our customers and modernize our business," said Ford CEO Jim Farley.
  • Beginning in 2023, Ford and Lincoln customers globally will start to benefit from unique digital experiences built on top of the Android operating system and with Alphabet apps and services built in.

    Ford Motors

    For this year the company, based inDearborn revenue will be around 117.47 billion USD. This is according to the average of the analysts' estimates. This is slightly lower than 2019's revenue of 127.14 billion USD.

    Historical revenues and results Ford Motor plus estimates 2020

    fundamenteel onderzoekFord

    The analysts expect for 2020 a net profit of 53 million USD. The majority of the analysts expects for this year a loss per share of 2 cent. Based on this the price/earnings-ratio is -568.5.

    Per share the analysts expect a dividend of 15 cents per share. The dividend yield is then 1.32 percent. The average dividend yield of the automobile producers is a moderate 0.82 percent.

    Ford Motor's market value equals around 45.61 billion . The Ford Motor stock was the past 12 months quite unstable. Since last February the stock is even 38 percent higher. This year the stock price moved between 4 and 12 dollar.

    Historical stock prices Ford Motor

    stock price fordmotor

    Click here for dividend Ford Motor. On Thursday the stock closed at 11.37 USD.

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