Ford shares fall on expectations of higher EV losses; Morgan Stanley expects 'major changes' to EV strategy
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Ford (F) downgraded to Hold at Jefferies on worse EV losses and 'strategic wobble'
July 31, 2023 8:56 AM EDTJefferies downgraded Ford Motors to a Hold rating (From Buy) and cut their 12-month price target on the stock to $15.00 (From $17.00) after the Detroit automaker reported worse than expected EV losses and lowered Model e guidance.
Analyst Philippe Houchois wrote in a note, We appreciate efforts in disclosure and accountability... More
Ford (F) recalls 870K F-150s as parking break may unexpectedly activate while driving
July 28, 2023 10:10 AM EDTDetroits Ford Motor (NYSE: F) announced Friday that they are recalling 870,000 of their F-150 trucks throughout the U.S. after finding that the vehicles electric parking brake is at risk of unexpected activation due to a potential wiring issue.
According to a... More
