22 Septmber 2022
Images: Google
Images: Google
Ford, the world's largest automaker, claimed late Monday that the higher cost of parts would generate a profit of $1 billion. The firm attributed this to seller inflation.
Images: Google
Oddly, Ford reiterated its full-year operating profit projection from $11.5 billion to $12.5 billion in the face of significant warnings.
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Tesla and General Motors shares also experienced declines in response to the news.
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Wall Street's view is that Ford's warning is surprising given the generally positive comments on demand and a decline in second-quarter earnings at the end of July.
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The market is currently racing to cut estimates of the company's earnings and value.
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According to Michaeli, Ford's stock is going to be in trouble soon.
Images: Google
Images: Google
Images: Google