24/7 Insights Ford Motor Co. (NYSE: F) has a dilemma when it comes to its next quarterly report.
GM and Ford may post smaller quarterly profits this week after slowing consumer demand for EVs and a cyberattack on a critical software system used by dealerships disrupted sales.
Ford has announced its revised strategy for its Oakville Assembly plant in Canada, originally slated for electric vehicle (EV) production. Instead, the facility will focus on manufacturing larger gasoline-powered versions of its popular F-Series pickup trucks.
Ford (F) is set to invest $3 billion in order to expand the production of Super Duty trucks, including $2.3 billion in the Oakville Assembly Complex in Ontario, Canada.
Ford F is slated to release second-quarter 2024 results on Jul 24, after market close. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and automotive revenues is pegged at 62 cents per share and $41.65 billion, respectively.
General Motors and Ford may post lower profit when they report quarterly results this week, as the industry's high-stakes bet on EVs fails to pay off, while a cyberattack on a crucial computer network used by dealerships disrupted sales.
Two of the Detroit Three had a good first half. The third risks spoiling the fun.
Ford's Super Duty trucks helped drive sky-high margins for Ford Pro. By contrast, Ford's Model e could lose up to $5.5 billion in 2024.
CNBC says Ford (NYSE: F) was among the S&P's most “overbought” stocks this week.
Besides Wall Street's top -and-bottom-line estimates for Ford Motor (F), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Ford (F) launches the Ford Pro Smart Charging Bundle for businesses in California to facilitate the adoption of EVs in commercial fleets.
Recently, Zacks.com users have been paying close attention to Ford Motor (F). This makes it worthwhile to examine what the stock has in store.