Ford Motor Company
NYSE: F
$11.01
-$0.06 (-0.5%)
Closing Price on November 15, 2024
F Articles
Fiat Chrysler on Monday night reached an 11th-hour agreement with its Canadian labor union that dodged a strike set to begin at midnight.
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Toyota claims more than two-thirds of the U.S. market for hybrid car sales. Not exactly a surprise because the company's Prius was the first mass-produced hybrid car on the market.
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The good news for buyers is that competition among the U.S. pickup makers is generating steep discounts as automakers launch an end-of-the-year price war.
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The three top-selling vehicles in the United States tend to remain the same month after month, but natural order dissolved in September.
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Global demand for new cars and light trucks is softening and analysts at Moody's Investors Service rates the automakers' outlook for the next 12 to 18 months as negative.
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Following a pattern that has gone on throughout the year, but worsened last month, Fiat sales were terrible.
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Sales in September were down more than 2% year over year for the country's best-selling vehicle. Sales of Silverado pickups plunged more than 15%.
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The good news for Ford is that it did not perform as poorly in September as analysts expected, and the company did manage to slow the decline in sales of its F-Series pickups.
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While the U.S. car industry in general is expected to do fine in September, Ford is the one significant exception.
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For all the volatility returning to the markets after the doldrums of August, there was little change among the top few most shorted stocks traded on the New York Stock Exchange between the early...
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Ford shares are down sharply this year and show no sign they will recover. The company runs in second place in sales in the United States, but it does much worse in China and Europe.
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Canadian autoworkers union members voted on and approved a four-year contract agreement with General Motors over the weekend by a margin of nearly two to one.
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The top analyst upgrades, downgrades and initiations seen on Tuesday morning include American Electric Power, Broadcom, Ford, General Motors, JD.com, Sarepta Therapeutics and Valeant Pharmaceuticals.
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Negotiations between General Motors and the company's Canadian autoworkers union, Unifor, led to a tentative deal just as the clock ran out Monday night.
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Ford's stock is performing badly because management has not made the case it can pull away from the middle part of the global automotive field.
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