I was recently listening to Barry’s Ritholtz’s Masters in Business podcast interview with Darren Palmer, the VP of Ford’s Global EV Program, and he discusses the development of Ford’s first three all electric vehicles, including the Mustang Mach-E and the Ford F-150 Lightening truck. It was a fascinating interview and provided insights into how Ford plans to position the company for an electrified future by splitting the company into an electric division called the Model E and the legacy business continuing on as Ford Blue. While GM (GM) had a significant head start on Ford (F) with electric vehicles like the Volt and Bolt and upcoming vehicles like the Hummer EV and the stunning Cadillac LYRIQ, it looks like Ford has a big hit on its hands with the Mustang Mach-E, which was selected by Consumer Reports as its top electric vehicle pick.
Executive Chair Bill Ford picked up $4.5 million worth of Ford stock on the open market last week and this follows his $8.5 million purchase in December. Both purchases were indirect purchases through a trust. We wrote the following on December 18, 2021 about Ford after his previous purchase,
When looking the investment landscape early last year when the COVID-19 pandemic started unfolding around us and even earlier this year, little did I anticipate that some of the biggest gainers this year would be auto stocks. I was more focused on companies like Berkshire Hathaway (BRK.A) that were positioned to do well if we saw sector or style rotation as discussed in this Twitter thread. Auto manufacturers have had a great year, benefiting from a combination of,
M2 Money Supply Nov 2021 (source: FRED)