Ford Pro Ecosystem Opportunity
Cautionary Note On Forward-Looking Statements
Statements included or incorporated by reference herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on expectations, forecasts,
and assumptions by our management and involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated, including, without limitation:
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Ford and Ford Credit's financial condition and results of operations have been and may continue to be adversely affected by public health
issues, including epidemics or pandemics such as COVID-19;
Ford is highly dependent on its suppliers to deliver components in accordance with Ford's production schedule,
and a shortage of key components, such as semiconductors, can disrupt Ford's production of vehicles;
Ford's long-term competitiveness depends on the successful execution of its Plan;
Ford's vehicles could be affected by defects that result in delays in new model launches, recall campaigns, or increased warranty costs;
Ford may not realize the anticipated benefits of existing or pending strategic alliances, joint ventures, acquisitions, divestitures, or new
business strategies;
Operational systems, security systems, and vehicles could be affected by cyber incidents and other disruptions;
Ford's production, as well as Ford's suppliers' production, could be disrupted by labor issues, natural or man-made disasters, financial
distress, production difficulties, or other factors;
Ford's ability to maintain a competitive cost structure could be affected by labor or other constraints;
Ford's ability to attract and retain talented, diverse, and highly skilled employees is critical to its success and competitiveness;
Ford's new and existing products and mobility services are subject to market acceptance and face significant competition from existing and
new entrants in the automotive and mobility industries;
Ford's results are dependent on sales of larger, more profitable vehicles, particularly in the United States;
With a global footprint, Ford's results could be adversely affected by economic, geopolitical, protectionist trade policies, or other events,
including tariffs;
Industry sales volume in any of Ford's key markets can be volatile and could decline if there is a financial crisis, recession, or significant
geopolitical event;
Ford may face increased price competition or a reduction in demand for its products resulting from industry excess capacity, currency
fluctuations, competitive actions, or other factors;
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Fluctuations in commodity prices, foreign currency exchange rates, interest rates, and market value of Ford or Ford Credit's investments
can have a significant effect on results;
Ford and Ford Credit's access to debt, securitization, or derivative markets around the world at competitive rates
or in sufficient amounts could be affected by credit rating downgrades, market volatility, market disruption, regulatory requirements, or
other factors;
Ford's receipt of government incentives could be subject to reduction, termination, or clawback;
Ford Credit could experience higher-than-expected credit losses, lower-than-anticipated residual values,
or higher-than-expected return volumes for leased vehicles;
Economic and demographic experience for pension and other postretirement benefit plans (e.g., discount rates or investment returns)
could be worse than Ford has assumed;
Pension and other postretirement liabilities could adversely affect Ford's liquidity and financial condition;
Ford could experience unusual or significant litigation, governmental investigations, or adverse publicity arising
out of alleged defects in products, perceived environmental impacts, or otherwise;
Ford may need to substantially modify its product plans to comply with safety, emissions, fuel economy, autonomous vehicle, and other
regulations;
Ford and Ford Credit could be affected by the continued development of more stringent privacy, data use,
and data protection laws and regulations as well as consumers' heightened expectations to safeguard their
personal information; and
Ford Credit could be subject to new or increased credit regulations, consumer protection regulations, or other regulations.
We cannot be certain that any expectation, forecast, or assumption made in preparing forward-looking statements will prove accurate, or that any projection will be realized. It is to be expected that there may be differences
between projected and actual results. Our forward-looking statements speak only as of the date of their initial issuance, and we do not undertake any obligation to update or revise publicly any forward-looking statement,
whether as a result of new information, future events, or otherwise. For additional discussion, see "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2020, as updated by subsequent
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Ford
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