Ford Motor Company is initiating an anti-dilutive repurchase program for up to 31.7 million shares of common stock. The plan offsets dilution from share-based compensation and the conversion of 0.00% Senior Convertible Notes. These notes are scheduled for maturity on March 15, 2026. Ford will fund the repurchases using existing cash and cash equivalents.
CEO Jim Farley confirmed a strategic pivot for Ford’s performance vehicle lineup. The company will not revive legacy models including the Focus ST and Fiesta ST. Future enthusiast products will focus on blending on-road and off-road capabilities instead of traditional hot hatches.