Tag: Recalls

Ford shares post worst day since 2008, leading autos rout after company’s disappointing earnings

A Ford Bronco on display at the New York International Auto Show on March 28, 2024.  Danielle DeVries | CNBC DETROIT — Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance. Shares of Ford closed Thursday at $11.16, down by 18.4% —… Continue reading Ford shares post worst day since 2008, leading autos rout after company’s disappointing earnings

We’re slashing our rating on Ford after the automaker’s old issues come back to haunt it

Ford Motor on Wednesday reported a disappointing second quarter, missing earnings expectations by a wide margin as higher warranty costs ate into profits. We’re downgrading the automaker and sending its stock back to the penalty box in response to the reemergence of these quality problems. Automotive revenue increased 6% year over year, to $47.8 billion,… Continue reading We’re slashing our rating on Ford after the automaker’s old issues come back to haunt it

Visteon Announces Second Quarter 2024 Results

VAN BUREN TOWNSHIP, Mich., July 25, 2024 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today reported second quarter financial results. Highlights include: Sales of $1,014 million with Growth-over-Market of 9%1 Net income of $71 million Record Adjusted EBITDA of $136 million Launched 41 new products across 17 OEMs in the first half Won $3.1 billion… Continue reading Visteon Announces Second Quarter 2024 Results

Uno Minda introduces its technologically advanced range of D-90 horns in the Indian Aftermarket

Uno Minda today introduced a comprehensive range of D-90 horns in the Indian aftermarket, which it claims precisely matches the original manufacturer’s quality standards for Maruti Suzuki, Tata passenger vehicles and light commercial vehicles, ensuring they meet all necessary safety requirements. Anand Kumar, Head of Product and Strategy, Aftermarket Uno Minda Ltd., stated,  “The original… Continue reading Uno Minda introduces its technologically advanced range of D-90 horns in the Indian Aftermarket

German Manager Magazine: Ford: Shares fall in double digits, US car manufacturer continues to lose a lot of money with electric cars003459

Electric cars continue to tear billions of holes in the balance sheet ford. In the last quarter, the US car giant posted a loss of $1.14 billion in this division. Combustion models and commercial vehicles, on the other hand, provided positive figures. The bottom line is that group profits fell by 9 percent year-on-year to… Continue reading German Manager Magazine: Ford: Shares fall in double digits, US car manufacturer continues to lose a lot of money with electric cars003459

@Ford: Ford+ On Track for ’24 Profitability, Raises Cash Flow Outlook; Ford Pro Strength, Quality Gains, Hybrid Growth Highlight Q2

Ford reports second-quarter revenue of $47.8 billion, net income of $1.8 billion and adjusted EBIT of $2.8 billion Ford Pro posts quarterly EBIT of $2.6 billion – a 15% margin – on 9% revenue gain; customers buying every Super Duty truck and Transit van the company can make Ford Blue hybrid sales up 34%, represent… Continue reading @Ford: Ford+ On Track for ’24 Profitability, Raises Cash Flow Outlook; Ford Pro Strength, Quality Gains, Hybrid Growth Highlight Q2

@Ford: Ford+ On Track for ’24 Profitability, Raises Cash Flow Outlook; Ford Pro Strength, Quality Gains, Hybrid Growth Highlight Q2

Ford reports second-quarter revenue of $47.8 billion, net income of $1.8 billion and adjusted EBIT of $2.8 billion Ford Pro posts quarterly EBIT of $2.6 billion – a 15% margin – on 9% revenue gain; customers buying every Super Duty truck and Transit van the company can make Ford Blue hybrid sales up 34%, represent… Continue reading @Ford: Ford+ On Track for ’24 Profitability, Raises Cash Flow Outlook; Ford Pro Strength, Quality Gains, Hybrid Growth Highlight Q2