Ford and GM stocks crash: Is the U.S. auto industry about to collapse?
FFord Motor(F) Finbold·2024-07-26 18:38

Recent earnings releases for some U.S. automotive giants fell short of expectations. Ford (NYSE: F) reported a miss on earnings, while experts expect that General Motors (NYSE: GM) will have limited growth in the second half of 2024 despite a better-than-expected Q2 report. Consequently, both companies experienced notable declines in their share prices during the following trading sessions.In the past five days, Ford stock retraced 22.87% with a single daily retrace of 18%, the largest since November 19, 20 ...