美国国家公路交通安全管理局数据显示， 福特汽车公司召回312120辆车辆，起亚美国公司召回100063 辆车辆。 ...

美国国家公路交通安全管理局：福特汽车公司召回312,120辆美国车辆，起亚美国公司召回100,063辆美 国车辆。 ...

福特2025年第二季度业绩呈现喜忧参半的局面。营收方面实现增长，达到502亿美元，同比增长5%。然而，每股收益下降21%至37美分，虽超过LSEG分析 师预期的33美分，且当季净亏损达3600万美元。福特称，净亏损主要源于取消一款三排电动SUV相关的特殊费用，以及5.7亿美元召回事件的现场服务行 动。 此前，福特在5月份暂停发布年度业绩指引，以评估特朗普关税的影响。周三，福特恢复发布年度业绩指引，不过对全年调整后息税前利润的预期有所下 调，最新预计为65亿至75亿美元，低于2025年2月预计的70亿至85亿美元。（南木） 首席财务官Sherry House表示，上调关税影响预期，是因为美国对墨西哥和加拿大征收关税的持续时间超出预期，同时并提到了对钢铝征收的高额关税。 不过，福特受关税影响的程度相对轻于部分美国竞争对手。通用汽车财报显示，美国政府关税政策致其第二季度损失11亿美元，净利润同比暴跌35.4%至19 亿美元，预计今年关税对其业绩影响将达40亿元至50亿美元，计划抵消30%成本。另一汽车制造商Stellantis表示，关税预计使其今年支出增加17亿美元。 商业分析公司GlobalData评估显示，福特 ...

Core Viewpoint - High-growth tech stocks are becoming more expensive, prompting investors to consider the auto sector for potential bargains, particularly Ford and General Motors, which both exceeded Q2 expectations [1][2]. Group 1: Q2 Results - Ford's Q2 sales increased by 5% year over year to $46.94 billion, surpassing estimates of $41.72 billion by 12%. However, tariff costs of $800 million impacted earnings, resulting in Q2 EPS of $0.37, down from $0.47 a year ago but above expectations of $0.34 [3]. - General Motors reported Q2 sales of $47.12 billion, exceeding estimates of $46.24 billion but down 2% year over year. Q2 EPS was $2.53, exceeding expectations of $2.39 by 6%, but down 17% from $3.06 in the prior period, impacted by $1.1 billion in tariffs [4]. Group 2: Guidance - Ford reinstated its full-year guidance, projecting adjusted EBIT of $6.5-$7.5 billion, revised down from $7-$8.5 billion, accounting for an estimated $2 billion net tariff-related impact. Adjusted free cash flow is forecasted at $3.5-$4.5 billion with capital expenditures around $9 billion [5]. - General Motors reaffirmed its full-year guidance, expecting FY25 adjusted EBIT of $8.2-$10.1 billion and raised its annual net income guidance to $11.2-$12.5 billion from a previous range of $10.4-$11.1 billion, considering an estimated $5 billion tariff-related hit [6]. Group 3: Stock Performance - Year to date, Ford's stock is up approximately 11% to around $11 per share, while General Motors shares are virtually flat at around $53. Ford has outperformed the S&P 500's gains of 8% this year [7]. - Over the last five years, General Motors' stock has increased over 100%, outperforming the broader market and the Automotive-Domestic Market's returns of 73%, while Ford's stock has risen 65% [8]. Group 4: EPS Outlook & Valuation - General Motors has a forward earnings multiple of 5.5X, with annual EPS expected to dip 11% in FY25 but projected to stabilize and rise 3% in FY26 to $9.69. Ford's forward earnings multiple is 9.5X, below the industry average of 12X, with FY25 EPS expected to drop 38% to $1.14 [9]. - Ford's annual EPS is forecasted to rebound and rise 13% in FY26 to $1.28 [9]. Group 5: Dividend Comparison - Ford offers a dividend yield of 5.52%, significantly higher than General Motors' 1.15% yield and the S&P 500's average of 1.16%. General Motors also provides a generous dividend compared to most automakers [10]. Group 6: Conclusion - Following Q2 reports, both Ford and General Motors hold a Zacks Rank 3 (Hold). General Motors presents a more appealing investment potential due to its robust bottom line, while income investors may prefer Ford's stock [14].

Core Viewpoint - Ford Motor Company is positioning itself for a significant shift in the electric vehicle (EV) sector, with a key event scheduled for August 11 to unveil new vehicle designs and platforms [1][2]. Financial Performance - Ford reported a revenue of $2.4 billion from its Model e EV segment in the second quarter, reflecting a 105% increase year-over-year [5]. - Despite lower EV sales in Q2, hybrid deliveries have increased, indicating a diversified growth strategy [5]. Upcoming Developments - The August 11 event is expected to reveal a new family of vehicles that will incorporate advanced technology, efficiency, and features, potentially including a compact SUV, small pickup truck, and an electric delivery vehicle [2][3]. - CEO Jim Farley described this moment as a "Model T moment," suggesting a pivotal point in Ford's history akin to the introduction of the Model T [2]. Competitive Landscape - Ford's upcoming vehicles are anticipated to compete directly with models from General Motors and Tesla, as the company aims to strengthen its position in the EV market [5]. - The company is also focusing on growth from hybrid and gas-powered vehicles while canceling a three-row electric SUV that was in development [4]. Market Context - The announcement comes at a time when the Trump administration plans to eliminate federal EV tax credits later this year, which could impact the EV market dynamics [3].

Group 1 - The article discusses Ford Motor Company's recent dividend declaration and raises concerns about the safety of its dividend [1] - The previous coverage of Ford's stock was on June 3, indicating ongoing monitoring of the company's financial health [1] Group 2 - The investment strategy mentioned aims to help members outperform the S&P 500 and mitigate risks during market volatility [2] - The service offers a trial to assess its effectiveness in providing actionable investment insights [2]

Core Insights - Ford Motor Company reported second-quarter 2025 adjusted earnings per share of 37 cents, exceeding the Zacks Consensus Estimate of 34 cents but down from 47 cents in the same quarter last year [1] - Consolidated second-quarter revenues reached $50.18 billion, reflecting a 5% year-over-year increase, with total automotive revenues at $46.94 billion, surpassing the Zacks Consensus Estimate of $41.72 billion and rising from $44.81 billion a year ago [1] Segmental Performance - In the Ford Blue segment, total wholesale volume decreased 6% year over year to 696,000 units, exceeding expectations of 579,000 units. Revenues fell 3% year over year to $25.8 billion but surpassed estimates of $21.05 billion. Earnings before interest and taxes (EBIT) were $661 million, below the projection of $979.4 million, with an EBIT margin of 2.6%, down 1.8 percentage points from the previous year [2] - The Ford Model e segment saw total wholesale volume increase 218% year over year to 60,000 units, exceeding the estimate of 41,000. Revenues surged 105% year over year to $2.4 billion, surpassing the estimate of $1.63 million. However, the segment incurred a loss before interest and taxes of $1.33 billion, compared to an estimated loss of $1.23 billion [3] - The Ford Pro segment experienced a 15% year-over-year increase in total wholesale volume to 429,000 units, exceeding expectations of 381,000. Revenues rose 11% year over year to $18.8 billion, surpassing the estimate of $16.57 billion. EBIT was $2.32 billion, with an EBIT margin of 12.3%, ahead of the projection of $2.17 billion [4] Financial Position - Ford reported adjusted free cash flow of $2.83 billion for the quarter, with cash and cash equivalents totaling $23 billion as of June 30, 2025. Long-term debt, excluding Ford Credit, amounted to $16.74 billion on the same date [6] 2025 Outlook - Ford anticipates full-year 2025 adjusted EBIT in the range of $6.5-$7.5 billion, down from $10.2 billion in 2024, factoring in a net tariff-related headwind of nearly $2 billion. Adjusted free cash flow is expected to be between $3.5-$4.5 billion, down from $6.7 billion in 2024, with capital expenditures projected at around $9 billion [7]

Core Insights - Ford reported better-than-expected Q2 2025 results, with automotive revenues rising nearly 5% to $46.9 billion and EPS at 37 cents, surpassing estimates [1][8] - The company has increased its expected tariff impact for 2025 from $1.5 billion to $2 billion, with Q2 tariff costs amounting to $800 million [2][8] - Ford's updated full-year guidance projects adjusted EBIT between $6.5 billion and $7.5 billion, reflecting the impact of tariffs [7][8] Financial Performance - Ford Blue segment generated $25.8 billion in revenues (down 3% YoY) and $661 million in EBIT (down from $1.67 billion YoY) [6] - Model e recorded $2.4 billion in revenues (up 105% YoY) but a negative EBIT of $1.3 billion (wider than the previous year's loss) [6] - Ford Pro revenues totaled $18.8 billion (up 11% YoY) with EBIT at $2.3 billion (down from $2.5 billion YoY) [6] - Ford Credit generated $3.2 billion in revenues (up roughly 1% YoY) and $645 million in EBT (up 88% YoY) [6] Tariff Impact - Ford's gross tariff cost forecast has increased to $3 billion, with plans to offset $1 billion through mitigation efforts [2][4] - General Motors reported a $1.1 billion impact from tariffs in Q2, while Stellantis faced a $350 million tariff drag [3] Market Position - Ford's stock has risen approximately 10% year-to-date, contrasting with declines in General Motors and Stellantis shares [9] - The company is trading at a forward sales multiple of 0.27, significantly lower than the industry average of 2.7 [12] Outlook - The Zacks Consensus Estimate for 2025 EPS indicates a 38% decline YoY, with a projected growth of 12.7% for 2026 [14] - Ford's commercial division, Ford Pro, is experiencing growth due to demand for Super Duty trucks and software offerings [15] - The company maintains strong liquidity with $46.6 billion in total liquidity, including $28.4 billion in cash [16] Challenges - Ford's EV business is currently operating at a loss, and rising recall costs are impacting margins, with a $570 million charge related to a major SUV recall in Q2 [17] - The company has been leading the auto industry in recalls in 2025, which adds to its operational challenges [17]

Quality & Recalls - Ford's initial quality is now highly competitive, recognized as the most awarded company and brand in JD Power's Initial Quality Study (IQS) [1] - Launch quality has surpassed competitors [2] - Recalls primarily affect vehicles engineered in 2015 and 2016, often involving software updates (OTAs) that are not significantly expensive [2] - Ford anticipates potential increases in recalls as a proactive measure to protect customers, with more inspectors and engineers focused on identifying quality issues in the field [3] Warranty & Cost - Base coverages account for 60% of Ford's warranty costs, which are expected to decrease as quality improvements are implemented [2] - Warranty coverages are already declining, indicating positive progress in quality improvements [4] - Recalls are considered the slowest metric to improve in terms of quality enhancements [4]

Ford, the 122-year-old auto pioneer, wants to refocus investors on its future as it struggles with recalls and absorbing tariffs, @liamdenning says (via @opinion) https://t.co/4WR1H5pFXm ...