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Ford Sales Underperform in April
24/7 Wall Street· 2024-05-07 10:45
Ford Sales Underperform in April jetcityimage / iStock Editorial via Getty Images After a first quarter of strong unit sales compared to last year, Ford Motor Co. (NYSE: F) sales for April fell. While the decline was only 2.4% to 179,588, it operates in a sector where unit sales are carefully followed.A primary drag on the Ford numbers was the F-150 full-sized pickup. It has been the best-selling vehicle in the United States for 42 years. April sales of the F-150 fell 7.2% to 64,868, which was 36% of the ...
Can Ford Become a $100 Billion Company Once Again?
The Motley Fool· 2024-05-07 08:16
Shares of this well-known car company haven't been the best to investors over long stretches of time.To say that Ford Motor Company (F 0.56%) hasn't been a worthwhile investment would be putting it lightly. Even if you include dividends, this car manufacturer's total return has lagged the broader S&P 500 in the last three-, five-, and 10-year periods.But this auto stock has had periods of strong performance. Shares skyrocketed 136% in 2021 as they were on the recovery path following the quick pandemic dip. ...
Over 242,000 Ford Maverick trucks recalled due to risk of tail light failure
New York Post· 2024-05-02 04:54
Ford recently launched a recall of over 242,600 Maverick trucks, citing an issue that may lead to their tail lights not lighting up.The Michigan-based automaker said in a safety recall report filed Friday to the National Highway Traffic Safety Administration (NHTSA) that if the tail lights on the recalled pickups fail to light up, it could “cause reduced visibility to other drivers in dark conditions, increasing the risk of a collision.” The 242,669 total Maverick trucks subject to recall are part of the mo ...
Ford Stock Is Down 16% in the Past 2 Years: Is This a Once-in-a-Generation Investment Opportunity?
The Motley Fool· 2024-05-01 13:45
Investors should think critically before buying this well-known carmaker.We all want to own winning stocks that can produce strong portfolio returns. But the reality is that not all investments perform as you hope. Ford Motor Company (F 0.78%) is one example.In just the last two years, this top auto stock has fallen 16% -- and this was during a time that saw the S&P 500 rise 19%. It has seriously underperformed that broader index in the past decade, too.Does this situation make Ford a once-in-a-generation i ...
To train car dealers on EVs and other topics, Ford turns to gamification and AI-powered education
CNBC· 2024-05-01 10:00
DEARBORN, Mich. — Ford Motor is launching a new training program for more than 3,000 U.S. franchised dealers on Wednesday that uses artificial intelligence for employee coaching evaluations and emulates Netflix and YouTube interfaces more than the automaker's traditional training courses.Ford says the main goals of the "Ford University" platform are to improve customer service, better engage employees — especially younger ones who are accustomed to binge-watching videos — and provide dealers and the company ...
Ford Needs To Replace Chairman, Revamp Board
24/7 Wall Street· 2024-04-30 16:02
Ford Needs To Replace Chairman, Revamp Board Larry W. Smith / Getty Images News via Getty Images Ford Motor Company, founded by Henry Ford in 1903, continues to be controlled by the Ford family, which holds 40% of the shareholder voting power via Class B shares. William Clay Ford Jr., the chairman or executive chairman since 1999, runs the company. Ford’s non-family board members have a fiduciary duty to the balance of the company’s shareholders, which they have failed to discharge. Ford’s results have be ...
Ford facing investigation into hands-free driving tech following fatal crashes
Proactive Investors· 2024-04-30 10:36
About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...
Regulators Investigating Ford for Fatal Accidents Involving Self-Driving Feature
Investopedia· 2024-04-29 19:30
Key TakeawaysFederal regulators are investigating two fatal crashes involving Ford Mustang Mach-E model electric vehicles with a self-driving feature.Officials said the Mach-Es had the BlueCruise system engaged prior to the collisions.The National Highway Traffic Safety Administration (NHTSA) said that the probe would evaluate the performance of BlueCruise feature. Ford Motor (F) shares lost ground Monday as federal regulators announced they have opened an investigation into fatal accidents related to the c ...
Feds investigating Ford Mustang Mach-E hands-free tech after fatal crashes
Fox Business· 2024-04-29 18:33
The National Highway Traffic Safety Administration (NHTSA) has launched an investigation into Ford's BlueCruise hands-free driving technology after two fatal crashes involving Mustang Mach-E electric SUVs. The agency's probe will evaluate the safety of Mustang Mach-E vehicles from the 2021 through 2024 model years, which is around 130,000 cars. Ford told FOX Business in a statement that it is "working with NHTSA to support its investigation."The National Transportation Safety Board (NTSB) has opened separat ...
Feds probing 130K Ford Mustang Mach-E cars after crashes involving hands-free tech
New York Post· 2024-04-29 15:46
The National Highway Traffic Safety Administration is opening an investigation into Ford Motor’s hands-free driving technology BlueCruise after two fatal crashes involving Mustang Mach-E SUVs striking parked vehicles, the agency said Monday.The agency’s preliminary evaluation into 130,000 2021-2024 Ford Mustang Mach-E vehicles is the first step to determine whether the vehicles pose an unreasonable risk to safety.Ford said it is working with the NHTSA to support its investigation. 3 The agency’s prelimina ...