Ford said a fire at an aluminum factory will lower profits in the last three months of the year. The company also said it has stopped making an electric version of its popular F-150 pickup. ...

Core Viewpoint - The automaker is planning to hire additional workers and increase F-Series production to address an aluminum supply disruption [1] Group 1 - The company is facing a disruption in aluminum supply, which is impacting its production capabilities [1] - To mitigate the effects of this disruption, the company aims to boost production of its F-Series vehicles [1] - The hiring of new workers is part of the strategy to enhance production capacity and meet demand [1]

Summary: So far this year, Ford Motor Company has faced over 100 recalls, a figure equal to roughly four years of its annual production output. ...

Core Insights - Ford achieved a record number of hybrid vehicle sales in the third quarter, indicating strong demand in the hybrid segment [1] - Despite this success, Ford faces significant challenges as General Motors (GM) has raised its profit expectations for the year, setting a high benchmark for Ford to meet [1] Company Performance - Ford's hybrid vehicle sales reached a record high in the third quarter, showcasing the company's growing presence in the hybrid market [1] - The increase in hybrid sales reflects a broader trend in consumer preferences towards more fuel-efficient vehicles [1] Competitive Landscape - GM's upward revision of profit expectations creates a competitive pressure on Ford, highlighting the need for Ford to enhance its performance and possibly adjust its strategies to remain competitive [1] - The automotive industry is experiencing shifts in consumer demand, with hybrid vehicles gaining traction, which may influence future product offerings and market strategies for both Ford and GM [1]

Core Insights - The Chinese EV market is experiencing overcapacity and a significant price war, according to GM's CEO Mary Barra [1][2] - The domestic EV market in China is growing rapidly, contributing to overcapacity and affecting dealer profits [3] - GM's focus on EVs remains strong, but market demand has significantly decreased, leading to increased production of ICE vehicles [4] Group 1: Market Conditions - Barra highlighted the intense competition among over 100 OEMs in China, which is exacerbating the price war and overcapacity issues [2] - The rapid growth of China's domestic EV market is leading to overcapacity, impacting profitability for dealers [3] Group 2: GM's Strategic Decisions - GM has halted production of the BrightDrop EV fleet van due to falling demand, indicating a reassessment of future opportunities at the production site [5] - The company incurred a $1.6 billion charge related to EVs, with $1.2 billion attributed to capacity adjustments [6] - GM has reduced EV incentives following the expiration of the Federal EV credit deadline, aligning with similar actions taken by Ford [6]

Ford Motor Company (NYSE:F) will release earnings results for the third quarter, after the closing bell on Thursday, Oct. 23.Analysts expect the Dearborn, Michigan-based company to report quarterly earnings at 36 cents per share, down from 49 cents per share in the year-ago period. The consensus estimate for Ford's quarterly revenue is $42.87 billion, compared to $43.07 billion a year earlier, according to data from Benzinga Pro.The company has beaten analyst estimates for revenue in two straight quarters. ...

Core Viewpoint - Ford Motor Company is expected to report a decline in quarterly earnings and revenue for the third quarter compared to the previous year [1][2] Earnings Expectations - Analysts anticipate Ford's earnings to be 36 cents per share, down from 49 cents per share in the same quarter last year [1] - The consensus estimate for Ford's quarterly revenue is $42.87 billion, a slight decrease from $43.07 billion a year earlier [1] Recent Performance - Ford has surpassed analyst revenue estimates in the last two consecutive quarters and in seven of the last ten quarters overall [2] - The company's stock price fell by 1% to close at $12.43 on Wednesday [2] Analyst Ratings and Price Targets - Jefferies analyst upgraded Ford from Underperform to Hold, raising the price target from $9 to $12 [4] - Goldman Sachs maintained a Neutral rating and increased the price target from $11 to $12 [4] - RBC Capital maintained a Sector Perform rating and raised the price target from $10 to $11 [4] - Piper Sandler maintained a Neutral rating with a price target increase from $9 to $9.5 [4] - Citigroup maintained a Neutral rating and raised the price target from $10 to $11 [4]

US President Donald Trump said top executives from General Motors and Ford called to thank him for imposing tariffs on medium- and heavy-duty trucks.In a post on Truth Social, Trump wrote: "Mary Barra of General Motors, and Bill Ford of Ford Motor Company, just called to thank me for putting Tariffs on Mid Size and Large Size Trucks. Their Stock has gone through the roof! They told me that, without Tariffs, it would be a very hard, long “slog” for Truck and Car Manufacturers in the United States."Tariffs fr ...

President Donald Trump said the chief executives of General Motors Co and Ford Motor Co called to thank him on Wednesday for putting tariffs on mid- and large-sized trucks, saying their companies stock has soared. ...

General Motors Co. (NYSE: GM) releases quarterly earnings before Ford Motor Co. ...