Downgrade Drives Ford Motor Stock Lower

Shares of Ford Motor Co (NYSE:F) are down 2.8% at $10.10 at last check today, after a downgrade from Jefferies to "underperform" from "hold." The firm cited, among other things, inventory build-up and an $8.5 billion gap between warranty provisions and cash outflows since 2020. Notably, the analyst kept a more favorable "hold" rating on sector peer General Motors (GM). In other news today, the U.S. Energy Department finalized a $9.63 billion loan for Ford and South Korean battery maker SK On to construct th ...