What is the main purpose of this 8-K filing?

The primary purpose of this 8-K filing is to announce that Ford Motor Company will be holding conference calls on April 24, 2009, to discuss its preliminary first quarter 2009 financial results and provide details on how investors can access these calls and related materials.

What significant operational change has Ford announced?

Ford has announced that it has classified its Volvo operations as 'held for sale' and anticipates disposing of them within the next twelve months. This decision has resulted in a preliminary impairment charge of $650 million.

Why is Ford discussing financial results 'excluding special items'?

Ford believes that discussing revenue and profits 'excluding special items' provides investors with a clearer view of the company's ongoing operating activities and performance, as these measures exclude items not considered indicative of regular business operations. This is a non-GAAP measure.

What are the key non-GAAP cash metrics Ford will highlight?

Ford plans to discuss 'operating-related cash flow,' which they believe best represents their Automotive operations' ability to generate cash, and 'Automotive gross cash,' which includes cash, cash equivalents, and marketable securities. These are presented to offer insights beyond standard GAAP cash flow measures.

F 8-K: Earnings & Results & Financial Events

Summary

Ford Motor Company filed an 8-K on April 23, 2009, to announce upcoming conference calls to discuss preliminary first quarter 2009 financial results. The company provided details on two calls scheduled for April 24, 2009: one for the investment community and news media, and a separate call for fixed income analysts and investors. Ford emphasized that these discussions would include a focus on "special items" and non-GAAP measures, such as revenue and profits excluding special items, as well as "operating-related cash flow" and "Automotive gross cash." These non-GAAP metrics are presented to offer insights into ongoing operational performance. Additionally, Ford disclosed a significant development regarding its Volvo operations. The company has classified Volvo as held for sale, anticipating its disposal within the next twelve months. This reclassification triggered a held-for-sale impairment test, resulting in a preliminary $650 million impairment charge to be recorded in the first quarter 2009 financial statements. Investors should pay close attention to the details released in the accompanying news release and the subsequent conference calls for a comprehensive understanding of Ford's financial condition and strategic decisions.

Key Highlights

1Ford announced upcoming conference calls on April 24, 2009, to present preliminary Q1 2009 financial results.
2Two separate conference calls were scheduled: one for the general investment community and media, and another for fixed income analysts and investors.
3Ford will discuss financial results excluding 'special items,' providing non-GAAP measures for revenue and profits to highlight ongoing operational performance.
4Key non-GAAP cash metrics, including 'operating-related cash flow' and 'Automotive gross cash,' will be presented.
5Ford has classified its Volvo operations as 'held for sale,' expecting disposal within the next 12 months.
6A preliminary impairment charge of $650 million related to the Volvo operations will be recognized in Q1 2009 financials.
7A news release dated April 24, 2009, was filed as an exhibit and serves as the primary source for the detailed financial information discussed.

FORD MOTOR CO 8-K Report, Financial Results (Apr 24, 2009)

Summary

Key Highlights

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