Shares of automakers fell in early trade on Monday after the United States imposed a 25% tariff on most goods from Canada and Mexico and 10% on various Chinese goods, raising concerns about a potential global trade war. The tariffs will hit the automotive sector hard because it relies heavily on cross-border manufacturing and complicated supply chains.
The U.S. stock market sold off Monday as Wall Street digested President Donald Trump's tariffs on Canadian, Chinese and Mexican goods set to go into effect Tuesday, though much of the losses were concentrated in Michigan's auto sector and Silicon Valley.
Ford's January sales in the U.S. fell 6.3% owing to lower demand for its internal combustion (ICE) vehicles, the company said on Monday.
Markets were reeling Monday as the developing trade war between the U.S., Mexico, Canada and China looked set to escalate.
Shares of the Big Three automakers slumped on Monday in premarket trade as the impact of 25% tariffs on Canada and Mexico hit the companies hard.
Ford is undervalued with a P/E ratio under 6, compared to Tesla's 120, and is successfully entering the EV market with models like the Mustang Mach-E. Switching from hold to buy due to Ford's cautious EV pivot and success with the Ford Maverick, a hybrid compact truck. Financials: Q1 2024 revenue up 4% to $127.8B, net income down 20% to $4.1B, and debt reduced by $400M.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Ford Motor (F), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Top US automakers Ford (F) and General Motors (GM) are facing possible pressures from the Trump administration over proposed tariffs that could hit auto imports from North American neighbors Mexico and Canada. Ford CEO Jim Farley sits down with Yahoo Finance senior autos reporter Pras Subramanian at the Charlotte Motor Speedway for a conversation on the company's manufacturing outlook in response to these challenges.
Trading in Ford Motor Company F is quiet Thursday and the stock has been sideways over the past week. But that may be about to change.
In the latest trading session, Ford Motor Company (F) closed at $10.20, marking a +1.19% move from the previous day.
Ford F is slated to release fourth-quarter 2024 results on Feb. 5, after market close. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and automotive revenues is pegged at 34 cents per share and $43.6 billion, respectively.
Ford Motor (F) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.