Ford Shares Up on 2014 Plans, New Tech - Analyst Blog
December 17 2013 - 5:55PM
Zacks
Share price of Ford Motor Co. (F) climbed 1.2%
to $16.59 on Friday after the automaker made announcements
regarding its 2014 plans and displayed new technologies. Ford
announced that 70% of its North American vehicles will have Auto
Start-Stop by 2017. The automaker also displayed a test car
featuring its obstacle-avoidance technology.
Further, Ford revealed that it intends to hire 11,000 workers in
the U.S. and Asia to support the expected launch of 23 new models
during 2014. The automaker will also open three new manufacturing
facilities, two in Asia Pacific and one in South America.
The Auto Start-Stop system turns off the engine when a vehicle
stops and restarts the vehicle instantly after releasing the brake
pedal. This improves the fuel efficiency of the vehicle. On an
average the new technology boosts fuel efficiency by 3.5%. Whereas,
in heavy traffic situations fuel efficiency increases by 10%.
Moreover, the technology helps reduce CO2 emissions.
Over the years, Ford has been implementing Auto Start-Stop in its
electrified powertrain hybrid and plug-in hybrid offerings. The
automaker projects sales volume of about 500,000 vehicles with Auto
Start-Stop globally, by the end of the year. In U.S., Ford
currently offers Auto Start-Stop in its 2014 Ford Fusion, equipped
with 1.5-liter EcoBoost engine.
Moreover, Ford is set to launch the new 2014 Ford Fiesta, powered
by a 1.0-liter EcoBoost engine and the Auto Start-Stop technology.
It provides 45 mpg while driving on highways. According to the
company, this is the highest highway rating among all non-hybrid
gasoline vehicles in the U.S. market.
This fuel saving Auto Start-Stop technology will support the
automaker in its Blueprint for Sustainability. Under this Blueprint
Ford develops a range of new technologies to enhance the fuel
performance of its vehicles.
Separately, Ford displayed its obstacle-avoidance technology in a
test car. This feature warns the driver about any slow-moving
objects or stationary obstacles in the path of the car. If the
driver ignores the signal then the system automatically steers or
applies the brakes to avoid any collision. This technology is
another milestone in Ford’s Blueprint for Mobility. It helps in
improving safety and hence reduces congestion.
Ford is one of the largest automobile producers in the world along
with General Motors Co. (GM), Honda Motor
Co., Ltd. (HMC) and Toyota Motor Corp.
(TM). Currently, Ford has a Zacks Rank #2 (Buy).
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