By Deepa Seetharaman

DETROIT (Reuters) - Ford Motor Co <F. N> on Friday said it will host an analyst meeting next week, a surprise move that comes as the company prepares for the largest new model launch year in its history and faces mounting questions about Chief Executive Alan Mulally's future.

Chief Financial Officer Bob Shanks will address analysts and reporters in New York. The second-largest U. S. automaker did not disclose what would be discussed at the year-end update.

Ford's board of directors met Thursday, but it was not immediately clear what was discussed. At Ford's annual holiday party Thursday evening, executives declined to comment.

Morgan Stanley analyst Adam Jonas said Ford may update its outlook for 2014, when Ford launches 23 new vehicles around the world, including redesigns of two of its most iconic models: the F-150 pickup truck and the Mustang sports car.

Ford is expected to earn $1.67 per share in 2013 and $1.83 in 2014, according to the average analyst estimate calculated by Thomson Reuters I/B/E/S.

In a research note, Jonas said Ford may discuss pension strategy, returning cash to shareholders, the launch of the upcoming F-150, Ford's most profitable vehicle, or Mulally's plans.

Reuters reported this week that some directors are vexed by intensifying speculation that Mulally may be offered the top job at Microsoft Corp <MSFT. O> and want clarity.

"We are hopeful for a swift resolution to the drawn-out succession plans for Ford's CEO, especially as we'd like to avoid the topic stealing attention away from key model launches and other strategic initiatives," Jonas said. "However, we aren't holding our breath."

At an annual holiday party with executives and reporters Thursday evening, Mulally was jovial and recounted his first days at Ford in September 2006. But he sidestepped questions about his potential future at Microsoft.

"I love serving Ford," he said.

(Reporting by Deepa Seetharaman; Editing by Nick Zieminski)

About News.net

Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.

 

FAQs

Email

If you have any questions or concerns please email us on support@news.net

Phone

  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.

Cancel