8.67 -0.02 (-0.23%)
After hours: 6:13PM EDT
|Bid||8.67 x 900|
|Ask||8.68 x 40700|
|Day's Range||8.49 - 8.69|
|52 Week Range||7.41 - 12.15|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||9.45|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||0.60 (7.00%)|
|1y Target Est||9.27|
Yahoo Finance's Adam Shapiro highlights today's headlines with 'News on the Move' as Ford Motor CFO is set to retire and President Trump gets criticized over John McCain remarks etc.
The late Woodward Avenue street racing legend Joe Ruggirello would have enjoyed ripping through the gears of this supercharged 710-horsepower 2019 Roush Mustang Stage 3. In 1975, when Jack Roush was a championship-winning Pro Stock drag racer, he built Ruggirello the meanest street Mustang in America, a little Mustang II with a monster 505-cubic-inch big block and other Pro Stock spec components. It had already become a legend by the time Brock Yates featured the Ford in a 1976 issue of Car and Driver.
Ford plans to invest more than $850 million to add more production capacity at a second U.S. factory for its next-generation battery electric vehicle program. The investment, which will be made through 2023, will focus on expanding Ford's Flat Rock Assembly Plant in southeast Michigan. The plant investment also includes funding to build the next-generation Mustang and is part of a $900 million investment in Ford’s operations in southeastern Michigan.
The largest U.S. automaker is expected to announce it plans to build a new electric compact vehicle for Chevy, said the people, who asked not to be identified. GM executives also will formally endorse a revised North American free trade deal known as USMCA, the sources said. GM declined to comment.
Technology stocks surged on Thursday, leading Wall Street higher as jitters over the Federal Reserve's warning of an economic slowdown were allayed by upbeat economic data. All three major U.S. stock indexes were in the black, with the Nasdaq set to post its fifth straight advance and the benchmark S&P 500 less than 3 percent below its all-time high set in September. On Wednesday, the Fed surprised investors with a policy statement that was more dovish than expected, as it forecast no further interest rate hikes this year due to signs of softness in the U.S. economy.
Does GM Have Good Potential despite Trump’s Criticism?(Continued from Prior Part)General Motors’ revenue In the fourth quarter of 2018, General Motors’ (GM) revenue rose 1.8% YoY (year-over-year) to $38.4 billion. While the company’s revenue
Ford Motor Co. (NYSE: F) confirmed Thursday it has hired longtime former Amazon.com Inc. (NASDAQ: AMZN) executive Tim Stone to be the automaker’s chief financial officer, replacing Ford veteran Bob Shanks, who is retiring later this year. Stone, 52, comes to Ford from Snap Inc. (NYSE: SNAP), where he had been CFO since last year.
Ford Motor Co. new chief financial officer Tim Stone, who will succeed retiring CFO Bob Shanks on June 1, will "certainly need to learn the business," but there are positives from his background, analysts at RBC said in a note Thursday. Before Stone's brief stint as CFO of Snap Inc. , he worked in finance at Amazon.com Inc. for 20 years. A "fair criticism of Ford over the years has been that the organization is bureaucratic and home-bred," the analysts said. Chief Executive Jim Hackett has made it a point to try and change the culture "and Stone clearly comes from organizations that have historically moved faster," they said. Moreover, "his experience at Amazon could lend some insight into both Ford's core business ... as well as Ford's auto 2.0 initiatives," the analysts said. Ford announced Shanks' retirement and Stone's appointment earlier Thursday. Shares of Ford rose 1.5% in midday trading. The stock has lost 22% in the past 12 months, which contrasts with gains around 5% for the S&P 500 index in the same period.
Stone, 52, replaces Bob Shanks, who will retire at the end of 2019 after serving the company for 42 years. Stone held various financial roles at Amazon for two decades, and was most recently CFO of Snapchat messaging app owner, Snap Inc. Stone will take over as CFO on June 1, Ford said.
It also fits with Ford’s direction: Earlier this week, the company announced it was boosting production of SUVs for the second time in two years. Plus, it’s been almost a year since Ford said it was effectively exiting cars, apart from a couple of brands, including the Mustang. Ford isn’t alone in going all-in on “big.” Fiat Chrysler Automobiles NV went that way with its North American business in 2016.
Ford Motor Co. said its chief financial officer, Bob Shanks, will retire in December, capping a 42-year career at the automaker.
Chief Financial Officer Bob Shanks will retire from the automaker at the end of 2019. Shanks has been with the company since 1977 and has served as finance chief and executive vice president since 2012. Tim Stone, a former Amazon.com executive and former chief financial officer of Snap, will succeed Shanks, effective June 1.
In order to cater to solid demand, Ford (F) plans to increase the U.S. production targets of Expedition and Navigator models in July.
Ford Motor Co. said Thursday that its Chief Financial Officer Bob Shanks has decided to retire at year-end. The car company said it has named Tim Stone, a 20-year Amazon veteran and former CFO of Snap Inc. to succeed Shanks as CFO effective June 1. Ford shares were slightly higher premarket, but have fallen 23% in 2019, while the S&P 500 has gained 4%.
Ford Motor Co said on Thursday its Chief Financial Officer Bob Shanks would retire at the end of 2019. Shanks, 66, will be succeeded by Tim Stone, who served 20 years at Amazon, and was the former CFO ...
Levi’s will begin its life as a public company today and more IPOs are coming soon. Ford is investing more in electric vehicles, but it isn't the only auto maker planning for an electric future. Also in focus are results from China’s Tencent, and the Fed’s message about the economy.
DEARBORN, Mich.-- -- Bob Shanks, Ford chief financial officer, announces intention to retire at year-end; Tim Stone, 20-year Amazon veteran and former CFO of Snap, joins Ford and will succeed Shanks as CFO on June 1 Peter Fleet, president of International Markets Group, to retire; Mark Ovenden named president, International Markets Group, effective April 1 Stuart Rowley appointed president, Ford of ...
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Ford Motor Co said on Wednesday that it would build ...
will expand production capacity for next generation electric vehicles at a second North American plant in southeast Michigan as part of its previously announced $11 billion investment in global electric vehicles, the company announced Wednesday. The Dearborn, Michigan-based company will invest about $900 million of that total in its southeast Michigan operations with a target of creating 900 incremental direct new jobs through 2023. "We've taken a fresh look at the growth rates of electrified vehicles and know we need to protect additional production capacity given our accelerated plans for fully electric vehicles," said Joe Hinrichs, Ford's president og global operations.