UPDATE 2-Ford investing $1 bln, adding 500 jobs in Chicago [Reuters]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Reuters
Ford investing $1 billion, adding 500 jobs in Chicago | Reuters 3 Min Read WASHINGTON (Reuters) - Ford Motor Co said on Thursday it is investing more than $1 billion in its Chicago operations and adding 500 jobs as it prepares to launch three new SUVs this year and end production of the Taurus. Ford said it is building a new body shop and paint shop at its Chicago Assembly plant, and making major modifications to the final assembly area. At Chicago Stamping, Ford is adding stamping lines, the company added. The investment comes as Americans continue to shift away from cars in favor of SUVs, pickup trucks and other larger vehicles. Last year, U.S. industry car sales fell 13 percent, while light trucks rose 8 percent to 10.9 million, accounting for about 63 percent of vehicle sales. Ford announced last year it was largely exiting the sedan market in the United States with the exception of the Ford Mustang. The company’s U.S. car sales fell 18 percent last year, while SUV sales rose 0.5
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News
- Ford Motor (NYSE: F) had its price target raised by analysts at Royal Bank of Canada from $12.00 to $13.00. They now have a "sector perform" rating on the stock.MarketBeat
- Ford (F) Q1 Earnings Beat Expectations, Guidance Revised [Yahoo! Finance]Yahoo! Finance
- Ford Motor (NYSE: F) had its price target raised by analysts at UBS Group AG from $13.00 to $14.00. They now have a "neutral" rating on the stock.MarketBeat
- Ford looks to future EV breakthroughs — and smaller cars — to staunch the bleeding [Verge, The]Verge, The
- Ford's first-quarter net income falls 24% as combustion engine unit sees sales, revenue decline [CBS News]CBS News
F
Earnings
- 4/24/24 - Beat
F
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form S-8
- 4/25/24 - Form S-8
- F's page on the SEC website