|Bid||9.55 x 3000|
|Ask||9.58 x 2200|
|Day's range||9.48 - 9.62|
|52-week range||7.41 - 12.15|
|Beta (3Y monthly)||0.75|
|PE ratio (TTM)||10.38|
|Earnings date||25 Apr 2019|
|Forward dividend & yield||0.60 (6.83%)|
|1y target est||9.27|
The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. The ITC report is a crucial step in the push for Congress to consider ratification of the U.S.-Mexico-Canada Agreement, which was signed by President Donald Trump and the leaders of the other two countries last year to replace the 25-year-old North American Free Trade Agreement. The report estimates that annual U.S. real gross domestic product would increase by 0.35 percent, or $68.5 billion, on an annual basis compared to a NAFTA baseline, and would add 176,000 U.S. jobs, while raising U.S. exports.
The Trump administration on Thursday estimated that its new North American trade deal will create 76,000 automotive sector jobs within five years as automakers invest some $34 billion in new plants to comply with the pact's new regional content rules. The forecasts from the U.S. Trade Representative's office were released ahead of an independent trade panel's hotly anticipated analysis that economists expect to show little or no U.S. gains from the new U.S.-Canada-Mexico Agreement. A USTR official told reporters that the jobs and investment estimates are based on plans disclosed by automakers to the trade agency for compliance with the new agreement's tighter rules of origin.
Global Economic Indicators Paint a Mixed PictureRetail sales According to the US Department of Commerce, US retail sales soared 1.6% in March compared to February, their highest pace of growth since September 2017. Another encouraging piece of news
Ford (F) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Volkswagen (VWAGY) discloses the plan to build fully-electric sports utility vehicles for the China market. This move is likely to help it compete with Tesla's (TSLA) Model X.
Increased sale of trucks and SUVs is likely to drive Ford's (F) revenues in first-quarter 2019. However, escalating costs are concerning.
Key Takeaways from Alcoa’s Q1 Earnings(Continued from Prior Part)Trump’s tariffs During the first-quarter earnings call, Alcoa (AA) took a swipe at the Section 232 tariffs that President Trump imposed last year. From the very beginning, Alcoa
Escape will be loaded with high-tech features, including the latest take on Ford's Sync infotainment system, now able to handle both Apple CarPlay and Android Auto.
Major automakers are bullish on the outlook for the U.S. economy and auto sales, but one big question remains - will President Donald Trump throw a grenade into the sector by imposing sweeping tariffs of up to 25 percent on car and auto parts imports? The industry is in "wait-and-see mode," but the tariffs would be a bad idea, Bob Carter, head of U.S. sales at Toyota Motor Corp, told Reuters on Wednesday. "If the tariff happened on the auto industry, quite frankly that's pulling the pin out of the grenade," he said at a conference on Tuesday held in conjunction with the New York International Auto Show.
In the 1970s, Ford Motor Company realised its Pinto car could kill if its fuel tank ruptured. Instead of fixing the problem — which according to a memo would have cost $137m — the company reasoned its liabilities from personal injury lawsuits would cost far less. It was more expensive to fix the problem, Ford reasoned, than to deal with potential lawsuits.
Falling U.S. new vehicle sales through the rest of 2019 and into 2020 will bring more intense competition in the increasingly crowded market for SUVs and a continued decline in passenger car sales, executives and economists said at this week's auto show in New York. The new SUVs at this week's auto show included models from Toyota Motor Corp, Ford Motor Co, Subaru Corp , Daimler AG's Mercedes-Benz and Hyundai Motor Co. After a long bull run, U.S. auto sales are expected to fall about 3 percent to 16.8 million units.
Ford Motor Co's shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 U.S. automaker said on Wednesday. The increase in earnings, before interest and taxes, in 2021 compared with 2017 is due to the shift at the Michigan Assembly Plant in Wayne, Michigan, from C-Max hybrids and Focus compact cars to Ranger mid-sized pickup trucks and Bronco SUVs, Ford's Jim Baumbick, vice president of enterprise product line management, said at a Bank of America Merrill Lynch conference in New York. "The absolute change in profitability is over $1 billion EBIT and we expect over the long, normal cycle, that to continue to improve," he said.
It's a great time to buy a used car. Jeanie Ahn reports on how to get the best deal on a pre-owned vehicle without getting ripped off.
Ford is hoping to retain its lead as the best-selling sports car by continuing to not only update the Mustang but by adding an array of new variants. That includes the EcoBoost High-Performance Package that is making its debut Wednesday at the New York International Auto Show.
Russian businessman Oleg Deripaska said he was ready to give up control of GAZ after sanctions against the van maker began to bite and as Western partners, such as Germany's Daimler , stopped doing business with the company. Sanctions against GAZ, Russia's biggest van maker, have not yet taken full effect due to licenses for extensions issued by Washington, but are impacting the company, Deripaska said.
Ups and Downs for Einhorn’s Greenlight Capital in Q1(Continued from Prior Part)Einhorn is a Tesla bear David Einhorn is known for being short on Tesla (TSLA). Last November, he referred to Tesla’s peak in the last quarter as being “as good as
For the past month, unprecedented nationwide blackouts have paralyzed the factory and the rest of the country, cutting off power, water and cell service to millions of Venezuelans. Lorusso's packaging plant, Distribuidora Marina, had already struggled through years of hyperinflation, vanishing client orders and an exodus of employees. For the whole month of March, Lorusso said his company produced only its single daily capacity: 100 tonnes of packaged sugar and grains.
SoftBank Group Corp has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make other concessions to get government clearance for its technology deals in the United States. SoftBank's investment style has made it a frequent visitor of a U.S. government group known as the Committee on Foreign Investment in the United States (CFIUS), charged with reviewing foreign investment for national security and competitive risks. "We know the deals are going to be reviewed," Marcelo Claure, chief operating officer of SoftBank Group Corp, said in an interview with Reuters this week.
The head of the U.S. Environmental Protection Agency said on Thursday the agency would revise its proposed freeze of vehicle fuel economy standards before unveiling its final regulation in the coming months. "We've taken constructive comments, criticisms, concerns from a whole host of different interest groups," Wheeler said. Two U.S. officials briefed on the matter said they expected the EPA to wind up requiring a small increase in the yearly fuel efficiency gains, likely around mid-June, but said the precise figure had not been finalized.
Ford Motor Company and Ford Motor Credit Company will release their 2019 first quarter financial results at 4:15 p.m. ET on Thursday, April 25.
The Latest Developments at Google, Baidu, and Yandex(Continued from Prior Part)Baidu’s self-driving taxi service is launching in 2019 Baidu (BIDU) will launch its self-driving taxi service in China before the end of 2019, according to a report from