Sunday, March 26, 2023

Ford to announce results after price cut

last Monday ford motor After this, the company has cut the price of its electric car Mustang Mach-E by 6 to 8 percent. New cuts made by Tesla to its Model Y. Will present fourth quarter results today at the end of Wall StreetAccording to Aparna Narayanan in Investors.

Analyst Daniel Ives D Wedbush Securities wrote on Monday electric vehicle price war has officially begun.” Ives hopes GM and Ford’s earnings this week “shed more light on Detroit’s approach to cutting prices and balancing between profit and EV volumes.” At this critical moment”.

Creating legacy automakers Expensive switch to electric vehicles and they are combustion engine is moving away from carsWhat? margin impact,

Ford’s earnings report comes after the firm Ranked #2 in Electric Vehicle Sales in the US in 2022, Although it came second only to Tesla. Ford too Will report January sales in the US.

Earnings estimates and guidance are expected for the first quarter and 2023. Analysts warn that automakers Trade supply challenges for demand problems amid rising inflation and interest rates.

What do analysts expect?

polled by analysts factset they expect Ford will earn retrieve a 139% at 62 cents per share, partly to reflect a smoother comparison with the previous year. it is estimated almost 10% increase in revenue, year after year, to 41.394 billion dollars.

In the prior-year quarter (Q4 2021), automakers’ quarterly sales were generally impacted by Weak vehicle inventory due to semiconductor shortages and supply chain issues.

Ford To Announce Results After Price Cut

for 2023Analysts Project Ford’s Earnings $1.66 per shareA decrease of 15% from the levels projected for 2022. Hopefully Revenue increased 1.5% for the full year.

Ford Motor Shares up 1.4% to $13.98 Today’s opening in the stock market. action is in A Double bottom base with a buy point of $14.77.

gm stock They gained 0.8% in the pre-market on Thursday, making stock Cup base with purchase point of $41.68, his rival General Motors exceeded profit and revenue targets analysts’ fourth-quarter report early Tuesday. GM also announced Big investment in Lithium America, Because it advances electric vehicles and lithium-based EV batteries.

price reduction

Ford said this on Monday will lower the price of its Mustang Mach-E SUV by up to $5,900 per vehicle, “To maintain the competitiveness of SUVs in a rapidly changing market.” The company also announced that Will ‘significantly’ increase EV production.

Ives waits Similar price cuts in coming weeks “From a host of EV players from Detroit to Germany to China.”

in 2022Las Ford EV sales more than double to 61,575, notwithstanding the adjusted freight. it made ford A distant second maker of electric vehicles in the US behind Tesla.

Electric vehicles currently remain a Small share of total sales of traditional automakers, But, over the long term, the segment is viewed as a growth engine for Ford, GM and others.

for By 2030, GM, Ford and Stellaantis expect fully electric vehicles to account for half of US salesAlso known as Battery Electric Vehicles or BEVs.

Supply issues hit car sales

in 2022Las Ford’s total US new vehicle sales were down 2.2%, though December sales were up 3.2% as an improvement in supply. GM managed to grow US sales by 2.3% for the full year,

Chip shortages and other supply disruptions hit vehicle production and inventory Decline in the last quarter, across the industry for most of 2022. But concerns about demand surfaced in the fourth quarter and have grown since then.

New car affordability fell again in December and hit a new low in 2022 Cox Automotive/Moody’s Analytics Vehicle Affordability Index,

In December, the Auto loan rates hit 20-year high And this Average price reached a new vehicle record of $49,507dice cox auto, normal monthly payment Estimated number of a new vehicle increased 777 dollarsAnother record.

More Affects The Automotive Outlook For 2023 weakening global economic outlook, This poses a major challenge for the auto giants, which are in the midst of a massive and costly EV transition.

Ford To Announce Results After Price Cut

ford motor It is trading at $14.16 and is below the 70 and 200 period moving averages over the past three candles. Meanwhile, EI indicators are practically faster.

Nation World News Desk
Nation World News Desk
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