Ford Motor
32 named things its latest annual report says its results depend on, each in the company's own words. 15 of them are also named by other companies we've read.
Customers
Independent dealerships
earns from · 8,226Substantially all of our vehicles, parts, and accessories are sold through distributors and dealers (collectively, “dealerships”), the substantial majority of which are independently owned.Business (Item 1)
Suppliers
Takata airbag inflators
depends on · approximately 3.5 million of the inflatorsnamed as a riskOf these, approximately 3.5 million of the inflators are in our vehicles.Risk factors (Item 1A)
ARC Automotive and Delphi Automotive airbag inflators
depends on · 2.5 million vehiclesnamed as a riskFord has 2.5 million vehicles within this population.Risk factors (Item 1A)
Partners and platforms
BlueOval SK, LLC
named as a riskFor example, in December 2025, we announced our updated EV strategy, the expected disposition of our investment in BlueOval SK, LLC, and the charges we expected to record related to those items.Risk factors (Item 1A)
Jiangling Motors Corporation, Ltd. (JMC)
Revenue from certain vehicles in wholesale unit volumes (specifically, Ford badged vehicles produced and distributed by our unconsolidated affiliates, as well as JMC brand vehicles) are not included in our revenue.Business (Item 1)
Other companies
United Auto Workers (UAW)
approximately 56,300 hourly employeesnamed as a riskOur recent labor contracts, including those with the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (“UAW”) in the United States and Unifor in Canada, have resulted in significant cost increases.Risk factors (Item 1A)
Unifor
named as a riskOur recent labor contracts, including those with the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (“UAW”) in the United States and Unifor in Canada, have resulted in significant cost increases.Risk factors (Item 1A)
Competitors
Chinese electrified vehicle producers
competes withnamed as a riskFor example, Chinese electrified vehicle producers are exporting their products to some key markets in which we operate.Risk factors (Item 1A)
Places
United States
concentrated in · 2,105named as a riskFord’s results are dependent on sales of larger, more profitable vehicles, particularly in the United States.Risk factors (Item 1A)
Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more
China
operates in · 379named as a riskThe continued strain in U.S.-China relations presents unique risks to U.S. automakers, as does China’s unique regulatory landscape, the level of integration with key components in our global supply chain, the limited availability of various components and materials (including certain rare earth minerals and related products from China), and the rapid development of the Chinese EV industry, with Chinese electrified vehicle manufacturers exporting their products to some key markets in which we operate.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
United Kingdom
concentrated in · 218Within Europe, Ford Credit’s largest markets are the United Kingdom and Germany.Business (Item 1)
Also named by AGX, AJG, AMP, BAC, BF/B, BGC, BRO, C and 59 more
Canada
concentrated in · 292The majority of Ford Credit’s business is in the United States and Canada.Business (Item 1)
Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more
Brazil
subject tonamed as a riskThe federal government in Brazil has levied assessments against us concerning the federal incentives we previously received, and the State of São Paulo has challenged the grant to us of tax incentives by the State of Bahia.Risk factors (Item 1A)
Also named by ADM, ASO, AZO, BALL, CPAY, CPRT, CTVA, DE and 32 more
Commodities and inputs
Commodities (steel, copper, aluminum, palladium, natural gas, polypropylene)
exposed to its price · $192 millionnamed as a riskThe potential change in the fair value from a 10% change in the underlying commodity prices would have been $192 million at December 31, 2025, compared with $189 million at December 31, 2024.Market risk (Item 7A)
Also named by KO
Aluminum
depends onnamed as a riskFor example, in 2025, our production was disrupted by fires at one of our major aluminum suppliers, the effects of which are ongoing.Risk factors (Item 1A)
Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more
Lithium, cobalt, nickel (battery raw materials)
depends onnamed as a riskFor the manufacture of our electrified products, we are dependent on the supply of batteries and the raw materials (e.g., lithium, cobalt, and nickel) used by our suppliers to produce those batteries.Risk factors (Item 1A)
Regulators
California Air Resources Board (CARB)
subject to · approximately 22%named as a riskFor light-duty vehicles, in the 2025 model year, CARB regulations required that approximately 22% of a manufacturer’s California light-duty vehicle sales volume be ZEVs.Business (Item 1)
Also named by CMI, CRC, CVLG, FND, GM, GNRC, HTLD, KMI and 11 more
U.S. Environmental Protection Agency (EPA)
subject tonamed as a riskEPA, NHTSA, and CARB have requirements that govern the same aspects of the same products at the same time, as outlined above.Business (Item 1)
Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more
Consumer Financial Protection Bureau (CFPB)
subject tonamed as a riskThe CFPB has authority to supervise and examine the largest nonbank automotive finance companies, such as Ford Credit, for compliance with consumer financial protection laws.Risk factors (Item 1A)
Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more
National Highway Traffic Safety Administration (NHTSA)
subject tonamed as a riskFor example, as part of a consent order we entered into with NHTSA in 2024, we have retained an independent third party selected by NHTSA to assess the Company’s adherence to the consent order and Safety Act over the term of the consent order and to report on Ford’s progress to NHTSA.Risk factors (Item 1A)
Laws and programs
Regulatory compliance credit purchase agreements
depends on · about $1.6 billionnamed as a riskAs of December 31, 2025, our outstanding purchase obligations under our compliance credit purchase agreements totaled about $1.6 billion.Business (Item 1)
UK Vehicle Emission Trading Schemes (VETS)
subject to · 80% for cars and 70% for light commercial vehicles by 2030named as a riskThe United Kingdom has introduced the Vehicle Emission Trading Schemes (“VETS”), which is applicable to manufacturers and establishes ZEV mandates of 80% for cars and 70% for light commercial vehicles by 2030, with a ban on ICE passenger vehicles beginning in 2030 and light commercial vehicles beginning in 2035.Business (Item 1)
U.S. EV purchaser tax credit
earns from · up to $7,500 per vehiclenamed as a riskIn 2022, Congress established these incentives and many retail and commercial vehicle purchasers were eligible for a tax credit of up to $7,500 per vehicle, increasing market demand for plug-in vehicles.Risk factors (Item 1A)
Canada GHG emission standards
subject to · 75% EV sales by 2035 and 90% by 2040named as a riskDue to the anticipated changes to U.S. EPA GHG standards, the Canadian federal government will end its longstanding regulatory alignment with the United States on GHG requirements, and in February 2026, Canada announced its intention to introduce GHG emission standards for light-duty vehicles to achieve a goal of 75% EV sales by 2035 and 90% by 2040.Business (Item 1)
U.S. tariffs
subject tonamed as a riskTariffs implemented to date in the United States and elsewhere have caused significant disruption, increased costs, and uncertainty in the automotive industry, including for Ford, other OEMs, suppliers, and dealers, as well as customers.Risk factors (Item 1A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
Corporate Average Fuel Economy (CAFE) standards
subject tonamed as a riskThe National Highway Traffic Safety Administration (“NHTSA”) requires that light-duty vehicles meet minimum corporate average fuel economy (“CAFE”) standards, and that certain heavy-duty vehicles meet fuel efficiency standards.Business (Item 1)
EU Carbon Border Adjustment Mechanism (CBAM)
subject tonamed as a riskThe EU CBAM is expected to increase our costs of importing such materials from 2026 onwards and/or limit our ability to import lower cost materials from non-EU countries.Business (Item 1)
China rare earth export restrictions
depends onnamed as a riskFor example, China’s restriction on the export of rare earth minerals, which we and our suppliers utilize for a number of components, has impacted (e.g., rescheduling production, changing operating patterns)Risk factors (Item 1A)
EU CO2 emission standards for cars and vans
subject tonamed as a riskA penalty system applies to manufacturers failing to meet the individual CO2 targets.Business (Item 1)
Euro 7 regulation
subject tonamed as a riskIn addition, new requirements for tailpipe and non-tailpipe emissions will be included in the upcoming Euro 7 regulation and will be phased in beginning in November 2026 for new vehicle types and for all vehicles in November 2027.Business (Item 1)
U.S. advanced manufacturing production tax credit
subject tonamed as a riskAccordingly, the termination of or a change to such incentives could have a significant impact on our financial condition, results of operations, or the operation of our business.Risk factors (Item 1A)
Technology
BlueCruise
earns fromnamed as a riskIf we are unable to successfully develop and grow BlueCruise and other subscription services or build and maintain consumer trust in those offerings, we may be unable to recoup the investments we have made in those technologies and it could negatively impact our reputation, financial condition, and results of operations.Risk factors (Item 1A)