Ford Motor Co. (NYSE: F) had a good month in May.
Be it the traditional automakers or electric vehicle (EV) companies, the industry is going through challenging times. Geopolitical tensions, inflation, decelerating GDP growth and intense competition have translated into correction for some of the best auto stocks.
Dividends continue to be highly prized by investors. And for good reason.
Ford Motor Company (NYSE:F) saw US auto sales increase 11.2% in May over the same month last year boosted by strong demand for all-electric and hybrid vehicles. The automaker on Tuesday said it saw an almost 65% increase in sales for both EVs and hybrid vehicles, which totalled about 26,600 vehicles.
Ford's U.S. new vehicle sales rose 11.2% last month compared to May of last year, boosted by strong sales growth for all-electric and hybrid models. Ford on Tuesday reported roughly 65% increases in sales of both hybrid and all-electric vehicles.
Ford Motor Co said on Tuesday its U.S. auto sales rose 11% in May from a year earlier, helped by a healthy demand for SUVs, pickup trucks and hybrid vehicles.
In the most recent trading session, Ford Motor Company (F) closed at $12.19, indicating a +0.49% shift from the previous trading day.
Ford UK is facing industrial action later this month when plant managers in the Unite union across the country start working to rule and instigate an overtime ban. Sites at Dunton, Stratford, Dagenham, Daventry, and Halewood will be affected from June 14, with the threat of strikes if the issue remains unresolved.
Zacks.com users have recently been watching Ford Motor (F) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Ford's latest project out of Motor City is the restoration and reopening of an abandoned train station, now the automaker's new technology campus. The $950 million project encompasses the 18-story former train station called Michigan Central Station, an adjacent 270,000-square-foot building and other supporting facilities.
The stock market is very much in a moment of winners and losers. Market values are near all-time highs, leaving a wide berth of what to buy and not to buy.
Amid a cooling EV market, General Motors (F) and Ford (F) are increasing focus on hybrids while remaining committed to long-term electrification goals.