Ford (NYSE: F) is ending manufacturing in a major Latin American market. The sprawling carmaker announced Monday that it will stop producing vehicles in Brazil over the course of this year.In doing so, Ford will book a total of around $4.1 billion in cash and noncash charges. Of
Ford Motor Co said on Monday it will close its three plants in Brazil this year and take pretax charges of about $4.1 billion as the COVID-19 pandemic amplified the company's under use of its manufacturing capacity.
Ford Motor Co said on Monday it will close its three plants in Brazil this year and take pre-tax charges of about $4.1 billion as the COVID-19 pandemic amplified the company's under use of its manufacturing capacity.
American Express and Dow said Monday they will halt donations to lawmakers who did not support the certification of President-elect Joe Biden's win last week.
China's search engine giant Baidu Inc said it will set up a company to partner with car maker Zhejiang Geely Holding Group to make smart electric vehicles (EV), Baidu said in a statement on Monday.
Marriott International Inc, the world's largest hotel company, and the Blue Cross Blue Shield Association (BCBSA) said Sunday they will suspend donations to U.S. lawmakers who voted last week against certifying President-elect Joe Biden's victory.
In 2019, Fiat Chrysler's (NYSE: FCAU) Ram brand overtook General Motors' (NYSE: GM) Chevy Silverado as the No. 2 pickup model by sales in the U.S. (Both Ram and Chevy have historically trailed Ford Motor Company's (NYSE: F) F-Series trucks in the full-size truck market.) Some pun
For the past few years, Ford Motor Company (NYSE: F) has been revamping its model lineup in North America. The iconic automaker has discontinued virtually all of its sedans and hatchbacks. Meanwhile, it has doubled down on crossovers, SUVs, and trucks, bringing a slew of new entr
(RTTNews) - General Motors has unveiled a new logo that reflects its complete shift towards electric vehicles. The new logo features "GM" in lowercase letters in a more-contemporary font.It is the first significant change to GM's blocky blue emblem since 1964 and only the fifth l
Electric-car maker Tesla (NASDAQ: TSLA) is worth about $700 billion following an incredible rally in 2020. The stock was recently added to the S&P 500 index as its fifth largest constituent. Tesla is worth more than Berkshire Hathaway, Johnson & Johnson, Visa, and Masterc
Sense Photonics has developed new detection technology that hits a key milestone required for self-driving cars, the laser sensor company said on Friday.
Shares of Tesla Inc jumped as much as 5.6% on Friday, pushing the electric-car maker's market capitalization to more than $800 billion for the first time ever and inching closer to the trillion dollar club.
The following companies are expected to report earnings after hours on 01/07/2021. Visit our Earnings Calendar for a full list of expected earnings releases.Micron Technology, Inc. (MU) is reporting for the quarter ending November 30, 2020. The semiconductor company's consensus
The influence Robinhood's commission-free trading platform seemed to have on certain stocks' performances was a big story in 2020, and the service will continue making trading more accessible to a new generation of investors. The Robinhood user base might broadly have a reputatio
Ford Motor Co. announced that it sold 542,749 vehicles in the US during the fourth quarter, reflecting a decline of 9.8% year-over-year. Meanwhile, its US retail sales slipped 3.4% during the same period.
Ford's (F) truck sales fell 12.5%, while car sales plunged 41.1%. However, SUV sales improved by 4% during the quarter.
The company said that lower F-150 inventories due to the production stoppage amid the coronavirus pandemic took a toll on Ford brand sales, which decreased by 10% year-over-year. Meanwhile, Lincoln brand sales witnessed a decline of 7% during the quarter.
While 4Q sales remained weak, the company said that December retail sales increased by 5.3%. The launch of the new F-150, Mustang Mach-E, and Bronco Sport contributed to the growth. (See F stock analysis on TipRanks)
On Dec. 21, Benchmark analyst Michael Ward raised the stock’s price target to $12 (35.9% upside potential) from $11 and maintained a Buy rating.
Ward said that improving industry fundamentals in North America, inventory replenishment, and new vehicle launches will boost Ford's earnings in 2021. Meanwhile, he expects further improvement in earnings in 2022.
Overall, the consensus among analysts is a Hold based on 9 Holds, 3 Buys and 1 Sell. The average price target of $9.35 suggests that Ford shares have upside potential of around 5.8% over the next 12 months. Shares have retreated about 2.4% over the past year.
Ford Motor Company (NYSE: F) said its U.S. sales fell 9.8% in the fourth quarter from a year ago, as supplies of its best-selling pickups were extremely tight following factory shutdowns earlier in 2020.For Ford investors, the results are a mixed bag. The decline in overall volum
Ford Motor Corp on Wednesday posted a 9.8% fall in quarterly U.S. auto sales, as a fall in sales of its profitable trucks outweighed higher demand for sport utility vehicles.
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