NEWS
Is Ford Stock a Buy?
2024-07-07
Investors might be eyeing the Detroit automaker as a potential portfolio addition.
Market highs, automotive industry: Market Domination Overtime
2024-07-05
On today's edition of Market Domination Overtime, Jared Blikre and Josh Lipton break down the market close and key stories from the June jobs report to the state of the auto industry. Friday's session marked across-the-board gains for all three of the major US indexes (^DJI, ^IXIC, ^GSPC). Meanwhile, the S&P 500 and Nasdaq Composite set new record highs to close out July's first trading week. State Street Global Markets macro multi-asset strategist Cayla Seder breaks down the markets' movement as June's jobs report marked the latest sign of economic cooling. She explains, "We have this kind of moderation that's going on... but the actual level is still quite strong. And so I think what that means is as we're assessing this data, we have to put some of this moderation into context. And so, yes, you have a headline figure in the NFP [nonfarm payroll] print today that was still above pre-COVID norms. But then you do see some signs of weakness underneath." Automakers continue to report sales growth, prompting investors to question whether this trend can persist into the second half of 2024. Cox Automotive executive analyst and senior director of economic and industry insights Erin Keatin calls the auto industry's performance "pretty good" in 2024 despite economic uncertainty that pointed to a potential slowdown. Addressing the electric vehicle (EV) sector, she notes that "a lot of the decline" in the EV market "is coming out of the Tesla (TSLA) share," noting Tesla's former position as the sole competitor in the market. Looking ahead, Keating tells Yahoo Finance that 'the automotive market will have to balance itself out." This post was written by Melanie Riehl
Auto industry still on track for 'an electrified future'
2024-07-05
Automakers continue to report sales growth, prompting investors to question whether this trend can persist into the second half of 2024. Cox Automotive executive analyst and senior director of economic and industry insights Erin Keating joins Market Domination Overtime to discuss her outlook on the auto industry. Keating calls the auto industry's performance "pretty good" in 2024 despite economic uncertainty that pointed to a potential slowdown. Addressing the electric vehicle (EV) sector, she notes that "a lot of the decline" in the EV market "is coming out of the Tesla (TSLA) share," noting Tesla's former position as the sole competitor in the market. With more automakers transitioning to EV production, Keating doesn't believe that "EV demand is completely falling off a cliff." Instead, she describes the market as "normalizing," reflecting a more competitive landscape. Looking ahead, Keating tells Yahoo Finance that 'the automotive market will have to balance itself out." She forecasts increased consolidation and collaboration among automakers as the industry adapts to evolving dynamics. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Ford recalls more than 30K Mustangs due to steering issue
2024-07-05
More than 30,700 Ford Mustangs are being recalled in response to a problem that could cause unintentional turning of their steering wheels.
Electric Pickups And SUVs Continue To Power Up GM And Ford's EV Progress
2024-07-05
This week, Ford Motor Company (NYSE: F) revealed it had its second-best quarter despite challenges as its U.S. EV sales improved both during the quarter and in June. General Motors (NYSE: GM) also posted its best quarterly sales figures in more than three years and it owes it to notable increases in pickup truck and EV sales. Moreover, its second quarter EV deliveries reached a record, while its full-size pickup truck deliveries were the highest since 2021. General Motors In the second quarter,
EV Company News For The Month Of June 2024
2024-07-05
Global electric car sales in May 2024 are up 23% YoY to 20% share. Click here for a detailed analysis.
Ford Is Making a Comeback. It’s Time to Buy the Stock.
2024-07-05
The U.S. auto maker is focused on returning capital to shareholders, which should boost performance in the months ahead.
The Fastest Growing Automotive Brand in the World
2024-07-04
In this article, we will take a look at the Fastest Growing Automotive Brand in the World. We have also compiled a full free list of the 15 Fastest Growing Automotive Brands in the World. Global Automotive Market Trends The global automobile manufacturing sector is one of the largest industries worldwide and has been growing […]
Ford (F) US Sales Rise 1% in Q2 on Strong Truck Deliveries
2024-07-04
Ford's (F) second-quarter U.S. sales rise 1% year over year on the back of strong truck sales, which increase 5% from the year-ago quarter.
By Ted Ryan, Ford Heritage Brand Manager and Archivist
2024-07-04
Last week, I was fortunate to present the heritage of Ford and the Military at the 'Proud to Serve: Bronco Off Roadeo.'Ford used this event to celebrate veterans and the military community. We...