Ford Motor Co (NYSE:F) is under pressure this morning, last seen down 2.7% to trade at $8.46 ahead of the open, as automaker stocks broadly retreat following the implementation of new U.S. tariffs targeting dozens of countries.
Kia Motors Corp. (OTC:KIMTF) has cut its 2030 electric vehicle (EV) sales target by more than 20%, becoming the latest carmaker to lower expectations amid faltering global demand and growing trade uncertainty. The South Korean carmaker now expects to sell 1.26 million battery-electric vehicles by the end of the decade, down from the 1.6 million target announced last year.
Ford Motor (NYSE:F) shares fell below $10.
Ford Motor (F) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
This article breaks down the impacts of the new (i.e., higher) tariff to better see the granularity. My key observation is that BYD enjoys a far better auto-manufacturing ecosystem in China. This has allowed it to maintain higher and more stable profit margins compared to Ford in the past.
Baytex Energy benefits from low production costs in the Eagle Ford. The company is focused on further reducing costs. For this Canadian company, the Eagle Ford production is not the subject of current tariff disputes.
The market is down over 10% in the past five days, and Ford Motor Co. (NYSE: F) stock is down 4%.
President Trump's recent tariff announcement is kneecapping stocks far and wide. Some of the biggest losers have been automotive companies, who face some of the steepest tariffs.
Ford Blue and Model e President Andrew Frick on whether the auto manufacturer can produce a car fully made in the U.S., the impact of tariffs on the industry and the company offering employee discounts to American consumers.
If tomorrow is another Black Monday, it could mean an 8,000 point wipe out for the Dow.
The administration's new levies will be a massive blow to the bottom line of Ford and GM and force job cuts across the industry.
President Trump's tariffs are hitting the auto industry in multiple ways, creating havoc for both car companies and buyers trying to assess the impact.