Ford CEO seeks to rally dealers as shares sink to new low [Reuters]
Group 1 Automotive, Inc. (GPI)
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Source: Reuters
Ford CEO seeks to rally dealers as shares sink to new low | Reuters 4 Min Read LAS VEGAS (Reuters) - With Ford Motor Co’s ( F.N ) stock at nearly a nine-year low and the company squeezed by tariffs and trade tensions, Chief Executive Jim Hackett sought to restore confidence among dealers gathered in Las Vegas this week, days ahead of third-quarter results. In closed-door meetings with members of Ford’s national dealer network, Hackett and other top Ford executives showed off future versions of the popular Explorer and Escape SUVs as well as new the Ranger mid-sized pickup truck and an unnamed smaller off-road utility vehicle, attendees said. Ford has said it will refresh 75 percent of its North American lineup over the next two years. “I feel better after seeing the product,” said Jim Seavitt, owner of Village Ford in Dearborn, Michigan, near the company’s headquarters. He saw Hackett speak on Wednesday night. Hackett’s presentations were not open to the press or public. Ford in Jul
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News
- Group 1 Automotive, Inc. (NYSE: GPI) was upgraded by analysts at Guggenheim from a "neutral" rating to a "buy" rating. They now have a $305.00 price target on the stock.MarketBeat
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- Analysts Estimate Group 1 Automotive (GPI) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Group 1 (GPI) to Acquire Inchcape's UK Dealerships for $439M [Yahoo! Finance]Yahoo! Finance
- Group 1 Automotive: Rapid Growth And Cheap Shares Perfect Recipe For Success [Seeking Alpha]Seeking Alpha
GPI
Earnings
- 1/31/24 - Miss
GPI
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/15/24 - Form 8-K
- 4/12/24 - Form 8-K
- GPI's page on the SEC website