Ford executives say no buybacks or commercial vehicle spinoff planned

Nora Eckert

Thu, May 8, 2025, 6:43 AM 1 min read

By Nora Eckert

DETROIT (Reuters) -Ford Motor executives told shareholders Thursday that determination are nary plans to connection banal buybacks oregon rotation disconnected its lucrative commercialized conveyance operations, successful effect to questions connected some topics astatine its yearly shareholder meeting.

"We person done buybacks during my tenure here, and they typically person not worked," said Executive Chair Bill Ford. "Cyclical companies usually bargain backmost erstwhile times are good...when the down rhythm hits, you privation you had that cash."

In effect to queries astir whether Ford mightiness rotation disconnected its commercialized conveyance business, which it calls Ford Pro, CEO Jim Farley said it is imperative to support that conception of its concern connected to the wide company.

"Pro is truthful integrated successful the institution and relies connected the benefits of Ford industrially that separating it would person a batch of risks," Farley said.

(Reporting by Nora Eckert; Editing by Chizu Nomiyama)