#FordMotorCo

Ford Motor Co. has announced a cash tender offer to repurchase up to $5 billion of the company’s high-yield debt in the hopes of rebalancing its budget after needing to borrow so much during the back-to-back-to-back production shutdowns incurred since the start of 2020. The automaker is retiring as much of the $8 billion in bonds the company issued at the start the coronavirus pandemic as it can and will be doing the same for some older bonds issued at similarly high rates (over 8 percent annually).

However this will be used to make room for environmental, social and corporate governance (ESG) initiatives and establish a “sustainable financing framework” the automaker said would be a first for North America. Ford clearly believes social governance investments will become increasingly routine and is attempting to showcase itself as one of the kinder, more forward thinking, and environmentally responsible multinational industrial concerns. Sort of like a fully armed M1 Abrams tank painted with peace symbols and hippie daises.

There’s a Ford dealership in Iowa claiming that Blue Oval has canceled some Mustang Mach 1 and GT500 orders for the 2021 model year, suggesting that interested customers re-up for the 2022 MY vehicles.

Representatives from Granger Ford (located in, get this, Granger, IA) have taken to the Mustang6G forums to explain that their store has been notified that some customers will have to go without this year due to component shortages. While cancellations don’t appear to be widespread, other shops have confirmed they’ve gotten similar memos.

Despite most automakers proudly proclaiming their intention to shift toward EV-dominant portfolios, customers haven’t been sharing their enthusiasm. While there’s a subset of loyal early adopters that are eager to see electrification become the norm, the relative infancy of the technology and prevalent gaps in the charging infrastructure has kept them from becoming a majority. But manufacturers seem to think it’s just a matter of time and that they’ll be able to make up the difference through fleet sales.

Advertised with lower than average operating costs and juicy subsidies being offered throughout the developed world, automakers have convinced themselves that EVs will soon become the de facto rides for various entities needing to round out their stables. Meanwhile, we’re hearing inklings that Ford is seeing pushback from fleet customers over its s new F-150 Lightning pickup and E-Transit van.

Ford will be reducing output for the 2022 Mustang GT and Mach 1 coupe. Both models will have 10 fewer horsepower and 10 fewer pound-feet of torque than the previous model year, with the culprit being emission compliance. Changes reportedly only pertain to the 5.0-liter Coyote V8.

While nobody needs to tell you that the economy isn’t in good health, we should at least hip you to the latest automotive trends relating to the financial purgatory we’re currently living through. Ford sent a memo to dealers last week indicating that it would be removing the minimum FICO requirement for 84-month financing, indicating that the industry may soon normalize auto loans that are even longer than the 72-month whoppers that have grown in popularity over the last several years.

Meanwhile, those needing a vehicle intermittently will find that rental rates have not been declining as hoped. Despite analysts previously suggesting that auto pricing may stabilize through the fall, we now look to be going into the holidays facing familiar high-priced troubles — and there’s really no reason to think that’s going to change after 2022 gets here.

Despite the Mustang Mach-E clearly receiving the brunt of Ford’s marketing efforts, the manufacturer is still trying to retain customers who prefer the real one original. We’re inclined the believe that a traditional American sports coupe offering 310 horsepower out of the box for under $30,000 is probably reason enough to keep the Mustang on your radar. But Ford has debatably sweetened the pot with a couple of factory appearance packages designed to give the car more character.

For 2022, the Mustang will offer a new Stealth Edition option for well-equipped EcoBoost models and an updated version of the classic California Special for the GT.

Ford Motor Co. has announced that the Mustang Mach-E it sent off to tackle the Michigan State Police 2022 model year evaluation has passed, which is likely to bode well for the possibility of future fleet sales. But let’s not put the cart before the proverbial horse just yet. While Ford has had a long and fruitful history furnishing quality police vehicles, it has also offered up models that later required your author to do some research to figure out what “pursuit-rated” actually means.

The Mach-E passing the MSP’s gauntlet could simply mean that it didn’t endure a catastrophic failure while zipping around Grattan Raceway and we’re a little over a month away from getting comparative metrics for all vehicles tested earlier this month. However, Ford wanted to get out ahead of the test results so it can continue hyping the EV.

Whenever I close my eyes to fantasize about police vehicles, it’s a foregone conclusion that I’m thinking about a Ford Crown Victoria. The model had a two-decade lifespan occupying departmental motor pools as the de facto police cruiser. But it’s been out of action since 2012, leaving a gigantic hole in governmental order forms that allowed other brands to flood into the space. While Ford managed to keep law enforcement interested in its SUVs (and sometimes F-Series pickups), Dodge’s Charger secured the most sedan sales by far.

Ford probably doesn’t want to find itself missing out on the most lucrative corner of the fleet market moving forward, especially as governments begin to embrace electrification. We’ve already seen the manufacturer float a few hybrid options by departments to see what they think. But now it’s ready to see how an all-electric vehicle might play. For the 2022 Model Year Police Evaluations, Ford handed the Mach-E over to Michigan State Police — giving them carte blanche to subject it to multiple days of abuse in order to establish whether or not it’s worthy of active duty.

Tesla CEO Elon Musk isn’t fond of the new electric-vehicle incentives being proposed by the United States Congress and recently stated as much over social media this week. He even went so far as to allege that the bill was lobbyists working on behalf of legacy automakers and the United Auto Workers, as it monetarily benefits domestic manufacturers with strong union ties above all others.

Truth be told, it’s kind of hard to respond to those claims with anything other than an affirmative nod. Due to his seemingly intentional manipulation of cryptocurrency and willingness to overpromise Tesla investors, I’m not the biggest fan of Musk. However, he’s getting support from other manufacturers and it’s pretty hard for your author to see any legislative scenario other than the one he’s supporting — especially since this is frequently how business is done on Capitol Hill.

As the 2021 Ford Bronco shares a platform with the midsized Ranger, it’s long been assumed that the SUV would eventually receive a Raptor variant. North America already enjoys access to the F-150 Raptor and the smaller Ranger Raptor (which is already available in other parts of the world) is said to make it our way by the 2023 model year. Considering the Bronco is supposed to rivaling Jeep’s Wrangler, having the ability to add a zestier motor, gnarly tires, a beefed-up suspension, badging that denotes enhanced off-road capabilities, and a loftier MSRP seems like an obvious course of action for the Ford Motor Company.

While the automaker has yet to officially confirm such a vehicle, leaks have resulted in numerous positive rumors. The latest are of particular interest, as they show the manufacturer adding a Raptor-edition Bronco to its dealership ordering system for the 2022 model year.

Apple’s attempt at building an electric vehicle has always come across as a little halfhearted, though any indication that the company has abandoned the project is swiftly replaced by renewed reports that it’s being spun up again. This week was no different as Ford announced it had scooped up Doug Field — a former Tesla engineer who served as Apple’s vice president for special projects, including Project Titan.

This allegedly spells disaster for the computer company’s automotive efforts. But the business has been down so many dead-end roads already that we’re not willing to make the same assumptions as the rest of the media. While this is likely represents a setback for Apple, it’s difficult to say how big without knowing where it was in terms of overall development. Despite launching its vehicle program in 2014, the company has literally nothing to show for its years of work.

General Motors now requires salaried employees operating in the United States to disclose their coronavirus vaccination status. As confirmed by the automaker on Thursday, the decision is supposed to help the company determine what percentage of its own workforce is vaccinated so it can make better decisions about which safety protocols to implement. But your author is under the assumption that “as many as possible” will always be the preferred answer.

Earlier in the month, GM forced all salaried employees to disclose whether or not they were immunized for COVID-19 using the automaker’s internal network. Those answering to the affirmative were required to submit proof of vaccination by last Monday. But it sounds as though the manufacturer is just getting warmed up for more invasive activities.

On Wednesday, Ford Motor Co. told employees that it would delay plans for on-site work due to coronavirus concerns relating to the delta variant. Non-site-dependent staff are being told they stay home for the rest of 2021, while line workers will still be required to come in so long as there’s a job to be done — creating a dichotomy between white and blue-collar workers.

While Ford has encouraged some teams to come back to the office for various projects, it has repeatedly delayed its return-to-work timeline. Workers now being told to stay home until 2022 were previously informed they’d be coming back to the office in October. Before that, everyone thought it would be business as usual by the summer. Now the company is adopting a policy that has most people staying home even after 2022 as often as possible while it considers mandating vaccines.

Lincoln has refreshed the Navigator, giving both the standard and long-wheelbase SUV new features. While there have also been some changes made to the flagship vehicle’s design, the company is not straying far from what it already knows works. But that doesn’t mean everything is exactly as it should be.

Despite adding some desirable tech, Lincoln has tweaked the turbocharged, 3.5-liter V6 to produce less horsepower than before. The 2022 model year produces 440 horsepower and 510 ft-lb of torque, whereas the previous version offered 450 hp. Considering Ford has yet to release EPA-certified economy figures, we’re betting this was done to boost efficiency. Compression ratios are also different, with the 2022 MY running 10.5:1 rather than the previous 10.0:1.

Last month, General Motors filed a trademark infringement lawsuit against Ford’s use of the term BlueCruise for its SAE Level 2 advanced driving assistance suite. GM has argued the phrase is too close to its own SuperCruise system and wants Blue Oval to ditch the name for something else. Ford recently filed a motion asking the US District Court in San Francisco to throw out the case, as it believes the term cruise is common enough to qualify as ubiquitous.

This is the industrial equivalent of two of your friends screeching at each other because one of them wanted to name their youngest son Landon while the other already named their kid Langston. Though the manufacturer’s feud may be dumber because it’s not exactly like we’ve recently started affixing the word cruise to the systems found inside automobiles.