福特汽车 2025年度报告

FORM 10-K ☑Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the fiscal year ended December31, 2025 or ☐Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from__________ to __________Commission file number 1-3950 Ford Motor Company (Exact name of Registrant as specified in its charter) 38-0549190(I.R.S. Employer Identification No.) Delaware(State of incorporation) One American RoadDearborn, Michigan(Address of principal executive offices) 48126(Zip Code) 313-322-3000(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(g) of the Act:None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct.Yes☑No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of theAct.Yes☐No☑ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of RegulationS-T (§ 232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,”“smallerreportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report.☑ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements ofthe registrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recovery periodpursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☑ As of June 30, 2025, Ford had outstanding 3,908,928,344 shares of Common Stock and 70,852,076 shares of ClassBStock.Based on the New York Stock Exchange Composite Transaction closing price of the Common Stock on that date($10.85 per share), the aggregate market value of such Common Stock was $42,411,872,532.Although there is no quotedmarket for our Class B Stock, shares of Class B Stock may be converted at any time into an equal number of shares ofCommon Stock for the purpose of effecting the sale or other disposition of such shares of Common Stock.The shares ofCommon Stock and Class B Stock outstanding at June30,2025 included shares owned by persons who may be deemed tobe “affiliates” of Ford.We do not believe, however, that any such person should be considered to be an affiliate.Forinformation concerning ownership of outstanding Common Stock and Class B Stock, see the Proxy Statement for Ford’sAnnual Meeting of Stockholders currently scheduled to be held on May 14,2026 (our “Proxy Statement”), which isincorporated by reference under various Items of this Report as indicated below. As of February 6, 2026, Ford had outstanding 3,918,623,149 shares of Common Stock and 70,852,076 shares of Class BStock.Based on the New York Stock Exchange Composite Transaction closing price of the Common Stock on that date($13.80 per share), the aggregate market value of such Common Stock was $54,076,999,456. DOCUMENTS INCORPORATED BY REFERENCE Where Incorporated Part III (Items 10, 11, 12, 13, and 14) *As stated under various Items of this Report, only certain specified portions of such document are incorporated byreference in this Report. Table of ContentsPagePart IItem 1Business1Overview2Ford B