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Ford is slashing the working hours of some of its German factory employees amid what it calls a 'significantly lower than expected' demand for its EVs
Business Insider· 2024-11-13 14:10
Ford is getting its workers in Cologne, Germany, to work fewer hours.The carmaker said a "lower than expected demand for electric vehicles" brought on the shift.The carmaker has more than 4,000 employees at its Cologne plant. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. ...
What's Going On With Ford Motor Stock Today?
Benzinga· 2024-11-08 02:37
Ford Motor Company F shares are trading lower on Thursday. Bernstein analyst Toni Sacconaghi downgraded Ford Motor from Outperform to Market Perform, with a price forecast of $11.In an unrelated development, Ford revealed on Thursday that it is experiencing record sales growth in the Middle East in 2024, driven by strong performance in key markets and the introduction of its freshest lineup to date.The launch of the Mustang Mach-E and Territory Hybrid highlights Ford’s commitment to an electrified future in ...
Ford's Winning Lineup Fuels Record Sales in the Middle East; Sets Stage for Electrified Future
Prnewswire· 2024-11-07 17:12
福特在中东地区销售情况 - 2024年福特在中东地区销售增长创纪录得益于主要市场的强劲表现和最新产品阵容[1] - 2024年福特在中东地区的销售额较2022年翻了一番[3] - 福特在沙特阿拉伯是增长最快的汽车品牌[3] - 上半年Al Jazirah Vehicles Agencies和Mohammed Yousef Naghi Motors占福特在中东地区总业务的57%[3] 福特新产品和服务 - 2025年Mustang Mach - E将在该地区首次亮相是一款全电动高性能SUV可容纳五名成人0 - 100km/h加速时间为3.3秒有两种电池容量可选续航里程约为350 - 450Km这是福特在该地区的首款全电动汽车[4][5] - 2025年Territory Hybrid将上市这是福特在中东最畅销车型的混合动力版将结合宽敞空间安全功能便捷设计和高效混合动力系统[6] - 2025年Expedition Tremor将上市它具有更强的马力和扭矩智能四驱系统专属岩石爬行模式33英寸全地形轮胎和10.6英寸离地间隙[7] - 2025年福特将在阿联酋推出FordPass应用随后在沙特阿拉伯推出福特连接服务可远程启动汽车预冷车厢[8] - 福特将在部分市场提供在线预订取送车服务以及快速保养服务[9] - 2025年1月福特将在阿联酋建立一个新的零部件配送中心[9] 福特相关人员言论 - 福特中东地区总裁Ravi Ravichandran表示2024年对福特在中东地区来说是不平凡的一年销售增长得益于经销商在主要国家市场份额的增加所有经销商的强劲表现促使福特在该地区实现创纪录销售[3][4] - 福特国际市场集团总裁Kay Hart表示Mustang Mach - E是一个里程碑式的产品它将与其他车型一起巩固福特提供多样化电动化产品组合的承诺福特的创新产品和服务表明了公司对中东地区客户经销商员工和社区的承诺[5][10]
What Trump's White House reelection could mean for EVs
CNBC· 2024-11-06 22:34
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs.DETROIT – President-elect Donald Trump's reelection victory over Vice President Kamala Harris is expected to send the U.S. electric vehicle industry into a period of uncertainty. Republicans, led by the former president, have largely condemned EVs, claiming they are being for ...
Ford Stock Declines 9% Since Q3 Results: What Should Investors Do?
ZACKS· 2024-11-06 00:40
Last week, U.S. legacy automaker Ford (F) released its third-quarter 2024 results. The company’s net income during the quarter plunged 25% to $900 million, largely due to losses in its electric vehicle (EV) business. Discouragingly, the company also cut its full-year 2024 EBIT forecast. It now expects the metric to be around $10 billion, at the lower end of the previously guided range of $10-$12 billion. Since the results, Ford shares have slid 8.8%.Stay up-to-date with the quarterly releases: See Zacks Ear ...
Crescent Energy: Eagle Ford Or Bust
Seeking Alpha· 2024-11-05 17:43
I analyze oil and gas companies like Crescent Energy and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up h ...
Ford grows market share as truck sales compensate for soft EVs
Proactiveinvestors NA· 2024-11-05 04:01
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· 2024-11-04 01:10
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 15:18
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· 2024-11-02 05:22
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 ...