Markets

Tesla’s market value is now more than Ford and GM combined

Tesla gained nearly 5% on Wednesday, bringing its market capitalisation to roughly $US89 billion at the end of trading. That’s about $US2 billion higher than the combined market values of Ford and General Motors at the same time. Earlier this week, Tesla officially became the highest-valued automaker of all time, […]
Tesla’s market value is now more than Ford and GM combined
News

Goldman Sachs upgrades Ford — and says the stock could rise 30%

Goldman Sachs has upgraded Ford to ‘buy’ with a $US12 price target. Analyst David Tamberrino says a refreshed product line and cost improvement could lead to 30% gains. Ford jumped more than 6% following the upgrade – follow the stock live in real-time here. Goldman Sachs has upgraded Ford to […]
Goldman Sachs upgrades Ford — and says the stock could rise 30%
Markets

Ford ‘must execute significant structural change’

Moody’s downgraded Ford‘s bonds to one level above junk status this week – a move that has even the automaker’s biggest fans worried. Adam Jonas of Morgan Stanley writes that there’s still room for Ford to execute on it’s plan – if only he knew what that plan was. Follow […]
Ford ‘must execute significant structural change’
Markets

Ford says it’s already seeing a big impact from Trump’s tariffs

Ford said President Donald Trump’s new tariffs were at least partially responsible for costs increasing by $US480 million in the first quarter of 2018. Despite the unplanned costs, the company still posted earnings that beat analysts expectations. Follow Ford’s stock price in real-time here. President Donald Trump’s recently imposed tariffs […]
Ford says it’s already seeing a big impact from Trump’s tariffs
Markets

Automakers plunge as China plots retaliatory tariffs on US products

Stocks of major automakers sank on Wednesday following a retaliatory response by China that would impose the equivalent of $US50 billion worth of tariffs on US products, including automobiles. The move follows the US government’s release of an initial list of Chinese products that would be subject to roughly $US50 […]
Automakers plunge as China plots retaliatory tariffs on US products
Markets

Ford is falling after guiding lower on earnings

Ford is down 4.47% to $US12.52 after the company guided 2018 earnings below expectations. The company said 2018 adjusted earnings would come in at about $US1.45 to $US1.70 per share. Estimates had placed earnings at $US1.68 per share, according to Bloomberg. Ford is still expanding its lineup of electric vehicles […]
Ford is falling after guiding lower on earnings