Ford Motor said on Thursday it will halt production of F-150 Lightning electric vehicle pickup trucks for six weeks.
Key Points Ford Motor Co. (NYSE: F) has consistently fallen short of investor expectations for decades.
The at-home fitness company serves up a slate of positives for investors in its latest quarterly report.
Peloton has tapped Ford executive Peter Stern to be its next CEO. The longtime automotive executive was last overseeing Ford's subscription services.
Ford Motor stock has tumbled about 8% so far this week after the company faltered on CEO Jim Farley's mission to improve efficiency in its traditional gasoline-engine operations, whose profits the company needs to fund its expensive electric vehicle plans.
I recommended Ford stock before Q3 earnings due to strong EV sales in September and GM's positive results, but shares dropped 6% post-earnings. Ford beat top line and EPS estimates, showing that Ford actually did pretty well in the third-quarter. Ford reduced its adjusted EBIT guidance for FY 2024 to $10B, down from $10-12B amid pricing pressures in the EV market.
Major U.S. equities indexes were mixed on Tuesday. The technology and communication sectors outperformed ahead of a wave of marquee earnings reports, but other sectors including energy and utilities lost ground.
Ford (F) shares fell Tuesday, as analysts from JPMorgan and Bank of America cut their price targets after the automaker's underwhelming third-quarter results.
Shares of Ford Motor Co F tanked in early trading on Tuesday, after the company reported its third-quarter results.
Ford stock would look cheap -- if it just stopped losing money on EVs.
High inventory days and higher-than-expected warranty costs and other cost headwinds plague Ford.
Ford (F) disappointed investors on its earnings report. Cut guidance, ten-digit losses in its EV business and headwinds to the interest rate environment didn't raise confidence.