Ford Misses Wall Street Expectations for Q3 2023 amid Pending Deal
The recent work stoppage by the United Auto Workers (UAW) union impacted the company’s ability to meet its financial targets.
The recent work stoppage by the United Auto Workers (UAW) union impacted the company’s ability to meet its financial targets.
Mercedes-Benz cited higher inflation, supply chain-related costs, and a 329-million-euro foreign exchange setback, among the factors that shrank its Q3 2023 earnings.
VinFast shares jumped nearly 70% following its trading debut and is worth more than Kia and Hyundai combined. However, VFS may be too costly.
Ford lifted its guidance range for full-year 2023 consolidated adjusted EBIT to between $11 billion and $12 billion.
On Wednesday, Toyota stock solidified a nearly 15% gain for its best week in 14 years on news of new leadership, EVs, and next-gen batteries.
EV makers Lucid, Nikola, and Lordstown saw their stock decline mostly owing to disappointing failures regarding their production figures.
Earlier this month, Ford reported mixed earnings results for Q4 2022, performing below analysts’ expectations.
Zeekr is making frantic efforts to gain a good market share in the Chinese ecosystem.
Ford reported total revenues of $44 billion, thus a net income of about $1.3 billion for Q4 2022.
Ford has reduced its Mustang electric vehicle prices and is driving up production to match Tesla’s announced lead.