On Monday, Shares of Ford Motor Co. (NYSE:F), lost -0.56% to $14.12.
Ford Motor Company is nearing the 1 million mark for sales in China, selling 106,283 vehicles in November to bring the year-to-date total to 990,356. November performance was up 9 percent contrast to 2014.
Changan Ford Automobile (CAF), Ford’s passenger car joint venture, sold 84,546 vehicles during the month, a 22-percent improvement contrast to 2014. CAF year-to-date sales totaled 739,465, up 3 percent contrast to last year.
The Ford Mondeo was a highlight in November, with sales of the nameplate up 13 percent to 12,431. Year-to-date sales of the sedan surpassed the 100,000 mark. Sales of Ford SUVs also remain strong, with both the Ford Kuga and the Ford Edge selling more than 10,000 vehicles each in November.
Jiangling Motors Corporation (JMC), Ford’s commercial vehicle investment, sold 20,608 vehicles in November, a 20-percent decrease contrast to 2014. Year-to-date sales for JMC reached 226,968 vehicles, down 5 percent contrast to 2014.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories. It offers vehicles primarily under the Ford and Lincoln brand names. This sector markets and sells its products through distributors and dealers, in addition to through dealerships to fleet customers, counting commercial fleet customers, daily rental car companies, and governments. The Financial Services sector offers various automotive financing products to and through automotive dealers. It provides financing products, counting retail installment sale contracts for new and used vehicles; and direct financing leases for new vehicles to retail customers, government entities, daily rental car companies, and fleet customers. This sector also offers wholesale loans to dealers to finance the purchase of vehicle inventory; and loans to dealers to finance working capital and improvement of dealership facilities, purchase dealership real estate, and other dealer vehicle programs. The company was founded in 1903 and is based in Dearborn, Michigan.
Shares of NXP Semiconductors NV (NASDAQ:NXPI), declined -4.64% to $86.25, during its last trading session.
NXP Semiconductors and Freescale Semiconductor, Ltd. (FSL) declared the completion of the merger following the terms of the formerly declared merger agreement from March 2015. The merger has created a high performance mixed signal semiconductor industry leader, with combined revenue of over $10 billion. The merged entity will continue operations as NXP Semiconductors N.V. (NXPI) and has become the market leader in automotive semiconductor solutions and in general purpose microcontroller (MCU) products.
As formerly declared, the transaction is predictable to be accretive to NXP non-GAAP earnings in 2016, and NXP anticipates achieving cost savings of $200 million in 2016 with a clear path to $500 million of annual cost synergies.
NXP also declared the closing of the divestiture of its RF Power business to Jianguang Asset Administration Co. Ltd (“JAC Capital”), after receiving official confirmation that JAC Capital has deposited the required funds at its bank in China to pay the purchase price. The cash proceeds for the sale will be received later this month following the required regulatory filings for cross-border transfers of funds from China. NXP has obtained bridge financing until the funds are received.
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power administration, interface, security, and digital processing products worldwide. It provides in-vehicle networking, car passive keyless entry and immobilization, and car radio and audio amplifiers; car solid state lighting drivers; communication products that are related to assisted and autonomous driving; ICs for e-government, transportation, and access administration; RF power amplifiers, small signal RF discretes, and RF ICs for mobile, consumer electronics, and cable television infrastructure; AC-DC power conversion ICs for notebook personal computers; low power audio ICs; and microcontrollers. The company also develops audio software solutions that enable mobile device manufacturers to produce hand held products. In addition, it provides standard semiconductor components, such as small signal discretes, power discretes, protection and signal conditioning devices, and standard logic devices. The company also offers discrete semiconductors. Its products are used in automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer, and computing applications. The company markets its products to various original equipment manufacturers, original design manufacturers, contract manufacturers, and distributors. The company was formerly known as KASLION Acquisition B.V and changed its name to NXP Semiconductors N.V. in May 2010. NXP Semiconductors N.V. was founded in 2006 and is headquartered in Eindhoven, the Netherlands.