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Ford grows market share as truck sales compensate for soft EVs
Proactiveinvestors NA· 2024-11-04 20:01
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Why There Is Still Upside with Ford Stock
The Motley Fool· 2024-11-03 17:10
While disappointing, Ford's third quarter made something else apparent: There's still upside.Ford Motor Company (F -0.68%) just turned in a slightly disappointing third-quarter earnings result, which sent the stock tumbling roughly 10% initially. High costs, supplier issues, rising uncertainty and warranty costs all weighed down on the results.However, with the stock trading at just 11 times price-to-earnings, and offering a robust dividend yield of 5.2%, is there any upside in owning the stock right now?No ...
Great News for Ford Investors
The Motley Fool· 2024-11-02 07:18
Ford has invested much capital into its digital and software services, and it's a move that could pay off.The automotive industry is extremely capital intensive, a drawback that has long been discussed by investors and analysts alike. Mainstream automotive businesses -- unlike unique automakers such as Ferrari, which boast luxury-like margins -- are notoriously low margin and competitive. The good news, especially for Ford Motor Company (F -0.68%) investors, is that this low-margin business could be on the ...
1 Wall Street Analyst Thinks Ford Stock Is Going to $15. Is It a Buy Around $10.50?
The Motley Fool· 2024-11-01 21:22
One Wall Street analyst sees over 40% upside for Ford stock, but investors should be skeptical.Ford (F -0.68%) updated investors with its third-quarter earnings this week, and the report contained some good news. Bernstein analyst Daniel Roeska thinks there are reasons to see the stock rise to his firm's price target of $15 per share, according to Barron's.That would represent a gain of over 40% from the stock's recent price. But investors shouldn't overlook some of the not-so-good news also present in Ford ...
Ford Stock Is Solid Value At $10 Despite Guidance Cut
Forbes· 2024-11-01 12:30
GLENDALE, CALIFORNIA - AUGUST 21: The Ford logo is displayed at a Ford dealership on August 21, 2024 ... [+] in Glendale, California. Ford announced it is upending its electric vehicle (EV) strategy for North American vehicles to focus on hybrids, affordability, and longer ranges. (Photo by Mario Tama/Getty Images)Getty ImagesFord stock fell by close to 8% on Tuesday, following the company’s Q3 earnings report. Now revenues were better than expected coming in at $43 billion, up 5.5% year-over-year, earnings ...
Ford Halting Production of Its Electric F-150 Lightning Truck, Report Says
Investopedia· 2024-10-31 22:30
Key TakeawaysFord will reportedly halt production of its F-150 Lightning electric pickup truck for several weeks starting in mid-November.The automaker's electric vehicle division posted a quarterly loss this month and sales are down year-over-year.Earlier this year, Ford limited production at the facility that makes the F-150 Lightning. Ford (F) is halting production of its all-electric F-150 Lightning pickup truck for at least several weeks as it faces softening demand for its electric vehicles, according ...
Ford is stalling F-150 Lightning production and slashing manager bonuses as it races to cut costs
Business Insider· 2024-10-31 20:38
Core Insights - Ford is pausing production of its F-150 Lightning electric pickup truck for seven weeks due to ongoing struggles to achieve profitability in its electric vehicle segment [1][3] - The company is implementing cost-cutting measures, including reducing manager bonuses to 65% of last year's levels [2][3] - Ford's electric vehicle division, Model e, reported a loss of $1.2 billion in the third quarter, prompting a revision of the full-year earnings outlook to "about $10 billion" [5] Production and Financial Adjustments - The F-150 Lightning factory in Metro Detroit will idle starting November 15, including planned holiday downtime, and is currently operating on a single shift [3] - Ford's financial performance has been negatively impacted by quality issues and rising costs, including an $800 million warranty charge in Q2 [3][4] - The company has reduced its spending on electric vehicles from 40% to 30% of capital expenditures [4] Strategic Changes - Ford has canceled plans for electric three-row SUVs and delayed the production of its next electric pickup truck as part of its strategic adjustments [5] - The company aims to lower costs, improve quality, and enhance capital efficiency to become a more resilient business [4]
Ford to pause production of F-150 Lightning pickup
Fox Business· 2024-10-31 19:50
Ford announced Thursday that it will temporarily pause production of its electric F-150 Lightning for several weeks amid sluggish consumer demand for EVs. The automaker plans to idle the Rouge Electric Vehicle Plant, which is located outside of Detroit and makes the F-150 Lightning, after the end of the shift on Nov. 15. Production will resume on Jan. 6.The plant currently operates on weekdays and, like Ford's other U.S. plants, already has a scheduled holiday week starting on Dec. 23. "We continue to adjus ...
Ford stops manufacturing electric F-150 pickups for six weeks as demand sags
New York Post· 2024-10-31 19:20
Ford is temporarily halting production of its all-electric F-150 Lightning pickup truck in the face of slowing demand for battery-powered vehicles.The Detroit automaker announced Thursday that it would pause manufacturing of the pickup truck for several weeks beginning in mid-November.Ford employees will resume manufacturing of the F-150 on Jan. 7.The move comes after Ford made several price cuts to its F-150 models earlier this year. The cuts were put in place after Ford paused production due to quality is ...
Ford pauses F-150 Lightning production as Tesla Cybertruck heats up
TechCrunch· 2024-10-31 18:06
Ford will pause production of its F-150 Lightning electric pickup truck starting in mid-November for almost two months as it struggles with decreased demand, increased competition, and losses in its electric vehicle business. “We continue to adjust production for an optimal mix of sales growth and profitability,” a Ford spokesperson told TechCrunch. The news was previously reported by Automotive News. The decision to halt production comes as the Tesla Cybertruck has pushed past Ford’s popular Mach-E to bec ...