Ford Beats Q2 Profit Estimates Amid EV Unit Slump
Ford stock rose on Friday morning after the Detroit-based automaker released stronger-than-expected earnings results for the second quarter. The company raised its full-year profit outlook as a result.
Top-line revenue for Q2 was $45 billion, outpacing an expected $40.17 billion and improving 12% from the $37.91...
Ford CEO Expresses Concern Over EV Price Cuts
Ford CEO Jim Farley expressed concern on Wednesday over recent price cuts in the electric vehicle market; a trend that pushed the Michigan-based auto manufacturer to decrease the price of its Mustang Mach-E in response.
After cutting the Mach-E price by 8%, Farley expressed an...
Ford’s Quarterly U.S. Sales Surge By Over 10%
Ford Motors Co experienced a strong financial performance during the first quarter of 2023, posting a 10.1% rise in sales for the first three months of the year. Stocks in the company rose by 1% during premarket trading.
The automaker's increase in sales is largely...
Ford Stock Dips After 1.5 Million Vehicles Are Recalled Due to Brake and Wiper Issues
Ford Motor Co. stock are down 4.4 percent on Friday after the carmaker issued a recall for 1.5 million vehicles. The vehicles were recalled due to brakes and windshield wipers.
According to documents released by National Highway Traffic Safety Administration (NHTSA), the brake issue is...
Ford and GM Stocks Dip After UBS Downgrade
The week is off to a bad start for Ford and General Motors. After their stocks have been downgraded to Sell by UBS analyst Patrick Hummel, Ford’s shares dipped around 7% while GM saw its own shares plunge more than 5%.
Hummel based his evaluation...