Ford Motor Co.
) announced the launch of MyEnergi Lifestyle technology in
Eaton Corporation plc
). This technology will help families reduce electricity
consumption and carbon dioxide emission.
Infineon and Nest Labs have also partnered Ford for this program.
This program will integrate home appliance technology with a
plug-in vehicle, which will result in an energy-efficient,
affordable, convenient and sustainable lifestyle and ensure
energy consumption in a smarter and efficient manner.
Ford and its partners together with Georgia Institute of
Technology calculated the electricity usage of a single family
and estimated the amount of savings generated with the
energy-efficient lifestyle. The results showed that MyEnergi
Lifestyle technology will reduce energy costs by 60% and CO2
emission by 55%, which is about 9,000 kg from a single home.
The SunPower will be offering the most efficient solar power
systems to the owners of Ford plug-in vehicle, which will
maximize the emission-free power generation. Moreover, SunPower
offers best warranty, which will ensure 25 years of clean power
with significant annual savings on electricity bills of
homeowners. The sharing of energy between the automobile and home
appliance sectors calls for integration of the two sectors to
deal with the rapidly changing economy.
Ford, the largest automobile producers in the world, posted a
17.6% rise in earnings per share to 40 cents in the third quarter
of the year from 34 cents a year ago, driven by impressive
results in its North American operation and, to some extent, its
With this, the company has also surpassed the Zacks Consensus
Estimate by 10 cents per share. Total profit rose 15.6% to $1.6
billion from $1.4 billion a year ago.
EATON CORP PLC (ETN): Free Stock Analysis
FORD MOTOR CO (F): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis
SUNPOWER CORP-A (SPWR): Free Stock Analysis
WHIRLPOOL CORP (WHR): Free Stock Analysis
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However, total revenue in the quarter slid 3.0% to $32.1 billion
due to lower revenues in South America, Europe and Financial
Services operations that offset the marginal improvement in
revenues in North America and Asia. However, revenues were higher
than the Zacks Consensus Estimate of $31.0 billion for the
Ford, whose cross-town rivals include
General Motors Company
), maintains a short-term Zacks #3 Rank (Hold) and a long-term