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Category: Ford

  • Ford plans 4,000 more job cuts in Europe as EVs lose momentum

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    Investor Empires

    Ford Motor Co. will look to cut another 4,000 jobs in Europe, further cutting costs within a region where the shift to electric vehicles is losing momentum industry-wide. The cuts – amounting to about 14% of Ford Europe’s workforce – will primarily affect operations in Germany and the UK by…

  • What’s Going On With Ford Motor Stock Today? (CORRECTED)

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    Investor Empires

    Editor’s Note: This story has been updated to correct the name of a Bernstein analyst who covers Ford. Ford Motor Company (NYSE:F) stock is Trading lower on Thursday. Bernstein analyst Daniel Roeska downgraded Ford Motor Company from outperform to market perform, With an expected price of $11. In an unrelated…

  • Ford slows EV plans, delaying pickup and axing three-row SUV, to cut costs By Reuters

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    Investor Empires

    By Nora Eckert Ford Motor Co said Wednesday it has scrapped plans to launch a three-row electric SUV and postponed the launch of a new electric version of its best-selling F-150 pickup truck, the latest delay by the U.S. automaker as it focuses on cutting costs to stimulate demand. Ford…

  • Ford stock dives 13% after larger-than-expected Q2 loss, warranty burden By Investing.com

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    Investor Empires

    Ford Motor Company (NYSE: NYSE:) reported a big drop in second-quarter earnings, with adjusted earnings per share (EPS) of $0.47, missing analysts’ estimates of $0.68. The company’s fourth-quarter revenue was $47.8 billion, slightly below the consensus estimate of $48.09 billion. Second-quarter earnings before interest and taxes were $2.8 billion, also…

  • Ford profit disappoints, stock falls 11% as quality issues dog automaker By Reuters

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    Investor Empires

    By Nora Eckert and Nathan Gomez (Reuters) – Ford Motor Co reported a drop in second-quarter adjusted profit on Wednesday as the automaker continued to grapple with costly quality issues and an electric vehicle business that weighed on its bottom line, sending shares down 11% in after-hours trading. The Detroit…

  • Ford ramping up production of popular F-Series Super Duty truck to Canada (F)

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    Investor Empires

    To meet demand for the most popular pickup truck among businesses and consumers, Ford Motor Company (New York Stock Exchange: FFord is expanding production of F-Series Super Duty trucks to its Oakville, Ontario, Canada assembly plant with a $2.3 billion investment. The Canadian facility will increase Total production of the…

  • Ford stock to close the gap with GM: Barron’s (NYSE:F)

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    Investor Empires

    fredrocko/iStock Not published via Getty Images Baron Issued a positive comment on Ford Motor Company (New York Stock Exchange: F) in its latest release, noting that despite a sharply weak performance this year, the Dearborn, Michigan-based automaker is poised to close the gap with Detroit rival General Motors (NYSE: General…

  • Ford tests shipping cars from Mexico’s Guaymas port to cut logistics costs By Reuters

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    Investor Empires

    Written by Kylie Maddrey MEXICO CITY (Reuters) – Ford shipped the first batch of cars on Tuesday from the previously neglected port of Guaymas near its factory in the northern Mexican state of Sonora in a project that could cut the U.S. automaker’s logistics costs if it is fully launched,…

  • Ford tests shipping cars from Mexico’s Guaymas port to cut logistics costs By Reuters

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    Investor Empires

    Written by Kylie Maddrey MEXICO CITY (Reuters) – Ford shipped the first batch of cars on Tuesday from the previously neglected port of Guaymas near its factory in the northern Mexican state of Sonora in a project that could cut the U.S. automaker’s logistics costs if it is fully launched,…