Ford reported a 10.2% decline in July U.S. vehicle sales, which the company says was intentional due to phasing out two models and reducing low-margin rental fleet sales. Despite the drop, Ford calls it a "good sales month" as part of a strategy to make room for new product launches by the decade's end. The automaker's year-to-date sales are down 9.7%, impacted by past production issues and a slowdown in electric vehicle sales. Without these planned cuts, Ford's sales decline would have been less than 1%, slightly better than the overall industry decline of about 2%.
The trade conflict between Canada and the U.S. is largely fueled by political pressures rather than economic reasons, with midterm elections expected to push both sides toward a negotiated settlement. Tariffs on key sectors like autos and alcohol ris...
Ford's ambitious $30 billion plan to dominate the electric vehicle (EV) market has failed dramatically, with sales of key models like the F-150 Lightning and Mustang Mach-E plummeting by over 60-90%. In response, Ford is shifting strategy to produce ...
Ford is rated Buy due to expected improvements in earnings quality and potential upward revisions to earnings estimates. The company's focus on premium and off-road vehicle variants, which share over 80% of parts with base models, is enhancing profit...
US Transportation Secretary Sean Duffy sent a letter to Ford CEO Jim Farley expressing concern over Ford's strategic ties with Chinese companies like battery supplier CATL. The letter highlights risks to US automotive manufacturing integrity, supply ...
US Transportation Secretary Sean Duffy criticized Ford Motor Co. for its growing dependence on Chinese companies, warning CEO Jim Farley that this poses risks to US national security and American manufacturing jobs. Duffy highlighted Ford's use of Ch...
