Ford upgraded to overweight at Morgan Stanley

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Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive, Mobility, Ford Credit, Corporate Other, Interest on Debt, and Special Items. The Automotive segment develops, manufactures, markets, and services Ford and Lincoln vehicles, service parts, and accessories. The Mobility segment includes the development of autonomous vehicles, equity ownership in Argo AI which is a developer of autonomous driving systems, and related businesses. The Ford Credit segment consists of vehicle-related financing and leasing activities. The Corporate Other segment covers corporate governance expenses, interest income, gains and losses from cash, cash equivalents, and marketable securities, and losses associated with intercompany lending. The Interest on Debt segment is composed of interest expense on company debt excluding Ford Credit. The Special Items segment deals with pension and employment benefit remeasurement gains and losses, gains and losses on investments in equity securities, significant personnel expenses, and other items that are not considered to be indicative of earnings from ongoing operating activities. The company was founded by Henry Ford on June 16, 1903, and is headquartered in Dearborn, MI.

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