Recent Updates — F
Ford Motor Company has completed the disposition of its interest in the BlueOval SK joint venture, effectively terminating its obligation to contribute up to $6.6 billion in capital. As part of the transaction, Ford assumed a $3.8 billion promissory note to the U.S. Department of Energy related to a Kentucky battery plant under a new loan agreement with a 4.814% annual interest rate.
Ford Motor Company shareholders rejected several key proposals at the May 14, 2026, annual meeting, including a recapitalization plan to implement a one-vote-per-share structure (2,170,748,325 for vs. 2,848,002,181 against). Additionally, voters rejected proposals for the disclosure of voting results by share class and a by-law amendment regarding diversity, equity, and inclusion oversight.
Ford Motor Company amended several credit agreements on April 15, 2026, to extend the maturity dates of various debt commitments, including $3.4 billion and $10.1 billion tranches and $2.0 billion and $2.5 billion in revolving facilities. These amendments also remove sustainability-linked target adjustments for interest margins and facility fees.
Ford Motor Company announced that J. Douglas Field, the Chief EV, Digital, and Design Officer, has elected to leave the company next month following a transition period. This leadership change impacts the company's key strategic divisions focused on electric vehicles, digital technology, and design.