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F - Ford Motor Company

NYSE - NYSE Delayed Price. Currency in USD

9.95

-0.04 (-0.40%)

At close: 4:00PM EDT

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Previous Close	9.99
Open	9.95
Bid	9.95 x 34100
Ask	9.96 x 45900
Day's Range	9.93 - 10.02
52 Week Range	7.41 - 11.64
Volume	28,061,540
Avg. Volume	37,957,590

Market Cap	39.696B
Beta (3Y Monthly)	0.97
PE Ratio (TTM)	12.81
EPS (TTM)	0.78
Earnings Date	Jul 24, 2019
Forward Dividend & Yield	0.60 (6.01%)
Ex-Dividend Date	2019-04-23
1y Target Est	10.44

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Market Realist13 hours ago
Is This Supplier for Ford, Tencent, Baidu, and MSFT Going Public?
Velodyne LiDAR seems to be preparing for its IPO. The company “has hired bankers for an initial public offering,” Reuters said. According to the report, Velodyne LiDAR has chosen Bank of America Merrill Lynch, Citigroup, Royal Bank of Canada, and William Blair to work on its potential exchange listing.
Investor's Business Daily13 hours ago
What This Oil Major CEO Drives And What He Thinks Of Electric Cars
Chevron CEO Mike Wirth doesn't drive an electric car, but the Dow energy giant is investing in charging stations. His truck could get an electric model soon.
American City Business Journals18 hours ago
Report: San Jose unicorn Velodyne Lidar is exploring a 2019 IPO
San Jose-based lidar pioneer Velodyne LiDAR has reportedly hired four bankers to help the company go public, possibly as soon as this year, with a valuation of $1.8 billion.
Market Realist18 hours ago
Is the Dreaded ‘Synchronized Global Slowdown’ Back on the Table?
In December 2017, we saw a sharp rally in almost all asset classes as markets started pricing in what many called “synchronized global growth” for 2018. However, as 2018 started drawing to a close, fears of a synchronized global slowdown hit markets. All leading economies were expected to grow at a slower pace in 2019 as compared to 2018.
Zacks18 hours ago
Do Options Traders Know Something About Ford (F) Stock We Don't?
Investors need to pay close attention to Ford (F) stock based on the movements in the options market lately.
Zacks19 hours ago
Daimler (DDAIF) to Recall Mercedes Diesel Vehicles in Germany
Daimler (DDAIF) to recall vehicles due to emission related issues.
Moody's23 hours ago
Omnicom Group, Inc. -- Moody's assigns Baa1 rating to Omnicom Finance's new sr unsecured euro notes
Moody's Investors Service ("Moody's") assigned a Baa1 rating to Omnicom Finance Holdings plc's ("Omnicom Finance") proposed senior unsecured euro notes offering targeting 8 to 12 year maturities of up to E1 billion (USD1.14 billion equivalent). Omnicom Finance is domiciled in London, UK and a wholly-owned subsidiary of Omnicom Group, Inc. ("Omnicom" or the "company"). Omnicom's Baa1 long-term debt rating and stable outlook remain unchanged.
TipRanks2 days ago
4 Cheap Stocks Ready for Gains
Why should investing be a rich man’s game? If you’re looking to invest, but haven’t got the budget to go all-in on Amazon (AMZN) or Alphabet (GOOGL), there are plenty of stocks available featuring low prices and high expectations. Now that markets are surging back to their record levels, with the S&P 500 at 2,950, let’s use TipRanks’ data to take a close look at four bargain investments, stocks priced at $10 and under yet sporting ‘Buy’ ratings. Asure Software, Inc. (ASUR)This small software company, focusing on HCM (human capital management) and workspace management systems, is coming off an excellent first quarter. The company reported revenues for Q1 2019 at $26.8 million, for a 39% year-over-year gain, and a 44% year-over-year gain in customer bookings. Company CEO Pat Goepel described the quarter as having “solid momentum,” said that Asure is “focused on accelerating the velocity of our cross-selling opportunities and scaling our business.” Major new clients include Kids Care Home Health of Idaho, and the City of Paterson, New Jersey. Full-year revenue guidance remains in the range of $104 to $107 million.Wall Street’s analysts are impressed, by both the company’s prospects and its recent history. ASUR shares are up more than 50% year-to-date, and the company’s revenue guidance represents an 18% increase over FY18. Writing from Northland Securities, Robert Breza said last month: “We are assuming coverage of Asure Software Inc. with an unchanged $12 PT and Outperform rating following solid Q1 results which topped estimates on the top and bottom line.” Breza’s $12 price target indicates a 52% upside to the stock.Just last week, Barrington’s Vincent Colicchio set a ‘Buy’ on ASUR based on future outlook for the stock. Colicchio noted, “We expect Asure to achieve rapid organic and acquisition‐related growth over the next several years in the HCM and WM software markets. Asure has many opportunities to increase revenue at existing clients due to its growing product portfolio…” His price target, $15, suggests an upside of 90% for ASUR.Overall, ASUR gets a ‘Moderate Buy’ from the analyst consensus, based on 2 buy ratings in the past three months. There are no holds or sells on this stock. The average price target is $13.50, indicative of a 71% upside from the current share price of $7.86.View ASUR Price Target & Analyst Ratings Detail Concrete Pumping Holdings, Inc. (BBCP)Based in Denver, Colorado, Concrete Pumping Holdings operates in both the US and the UK, offering – you guessed it! – concrete pumping services in the construction industry. In addition to pumping, the company also offers concrete waste management services, an important subsidiary service for customers in the concrete industry. Concrete Pumping offers its customers an equipment rental option, allowing the customer to save money on overhead while Concrete Pumping benefits from faster payment schedules on its products.BBCP went public two years ago, and this past May put an additional 15 million common stock shares on the market. The new shares were offered to raise funds to finance the acquisition of Capital Pumping, with any extra funds being used to augment corporate working capital. The stock offering and acquisition were both completed last month.Analyst Andrew Wittman, of Baird, gave BBCP a ‘Buy’ rating during last month’s stock offering, specifically noting the company’s “…track record of gaining share versus alternatives, the company's unique scale advantages and its rental model, which offers low risk and fast cash conversion.” He added that, at current price level, he would buy this stock. His $7 price target suggests a strong upside of 58%.Also weighing in was Stifel’s Stanley Elliott. He set a $9 price target with his ‘Buy’ rating, saying that, “The company has meaningful opportunity to expand through mild secular growth in concrete pumping, footprint expansion and cross-selling of waste services, and numerous acquisition roll-up opportunities.” His price target gives BBCP an impressive 103% upside.With 4 buy ratings assigned it in the last three months, BBCP holds a ‘Strong Buy’ from the analyst consensus. The stock sells for $4.42, so the average price target of $8.33 gives it an 88% upside potential.View BBCP Price Target & Analyst Ratings Detail Fitbit, Inc. (FIT)Fitbit stands at the junction of two great trends – our desire to be healthy, and our desire to have the latest gadgets. Fitbit’s gadget is the application of wearable tech to activity tracking, allowing you to count your steps, monitor your heartrate, or even check the quality of your sleep – and to follow your data over time. In short, it’s intended to make easier to track the quality and efficacy of your exercise and diet.With increased hedge fund activity – the major funds increased their holdings in FIT by 3.73 million shares last quarter – it would seem that Fitbit’s low share price is attracting investment. The company’s reputation helps, too – industry bloggers have a bullish outlook on FIT, while news sentiment is overwhelmingly positive.This is all reflected in the analyst reviews, which have been consistently positive on FIT for several months. Writing at the beginning of May, Andrew Uerkwitz of Oppenheimer, said, “We believe FIT has taken its first steps in generating regular recurring revenue from the healthcare and wellness industry. We like what we heard regarding Fitbit Health Solutions and see it as a first step towards a more meaningful business transformation. We expect it to take time, but as Health Solutions and other services start to ramp, we expect to see more predictability in results.” Uerkwitz’s $8 price target suggests an upside of 78% to FIT.Also writing in May, DA Davidson analyst Tom Forte noted benefits coming from the company's “…latest partnering announcement with the UnitedHealthcare's (UNH) Motion effort through its Charge 3 tracker device participation.” Forte set a $7 price target, pointing to a 56% upside.FIT’s analyst consensus rating is a ‘Moderate Buy,’ based on 2 buys, 1 hold, and 1 sell given during the last three months. FIT shares sell for just $4.48, but the average price target of $6.25 suggests an upside potential of 39%.View FIT Price Target & Analyst Ratings Detail Ford Motor Company (F)Our last stock hails from Detroit, the Motor City, where more than a century ago Henry Ford created the modern assembly line, revolutionized the automotive industry, and made his car company one of the industry’s storied names.The auto industry is entering a transitional period. Changes in customer taste and the political regulatory climate are pushing the development and improvement of electric vehicle technology, while advances in AI are slowly turning self-driving cars – once the domain of science fiction – into a reality. Ford Motor is implementing a $4 billion initiative to develop an autonomous car division, with $1 billion going toward developing the requisite software and automation tech in partnership with Argo AI, and a further $900 million slated to expand manufacturing facilities in Michigan. At the same time, Ford is developing and marketing a line of electric hybrid and plug-in vehicles based on existing frames.All of this is supported by a successful line of SUVs and light trucks. Ford’s F-series pickups are perennial leaders in their niche, and provide the company with a solid foundation of sales and revenue.With such a strong background, it’s no wonder that Merrill Lynch’s John Murphy upgraded his stance on Ford stock last month, bumping it from ‘neutral’ to ‘buy.’ His price target, $14, suggests a 40% upside to the stock.More recently, on June 13, Goldman Sachs analyst David Tamberrino sees the company’s overall plan helping it to regain revenue and market share in Europe. He says, “…working through the potential margin enhancement opportunity, we think the company can generate over 4% operating margins through-the-cycle in Europe post restructuring actions…” Tamberrino’s price target of $13 would indicate a 30% upside to Ford shares.Ford holds a ‘Moderate Buy’ rating from the analyst consensus, based on an even split of 5 buys and 5 holds, with 1 sell. Shares are currently priced at $9.99, so the average target of $11.35 indicates room for a 13% upside.View F Price Target & Analyst Ratings DetailStart your own stock research with Stock Screener, the all-in-one tool that puts the entire TipRanks database at your fingertips.
Market Realist4 days ago
Winnebago Echoes Automakers’ Warning about US-China Trade War
Yesterday, Winnebago Industries (WGO) released its third-quarter results for fiscal 2019. After yielding solid returns of 75.7% in 2017, Winnebago stock tanked 56.5% in 2018. Last year, the company’s rising dealer inventories and inflating costs due to trade war tariffs hurt investors’ sentiments.
InvestorPlace4 days ago
Why Things Will Get Better for Ford Stock
Shares of U.S. auto giant Ford (NYSE:F) have sputtered lower over the past several years, with Ford stock price today about $10 versus $17 about five years ago. The reason that Ford stock price today is so low is the company's unfavorable and deteriorating fundamentals.Source: Shutterstock In a nutshell, Ford is losing market share to electric-vehicle players, in a shrinking auto market challenged by the sharing economy. Moreover, its margins are under pressure from rising costs and slowing growth. The net result has been profit erosion. Ford's pre-tax profits in 2015 were north of $10 billion. In 2018, they were under $4.5 billion. * Top 7 Dow Jones Stocks of 2019 -- So Far Thus, the multi-year downtrend in Ford stock and the weakness of Ford stock price today are easily explained by a lack of fundamental and financial strength over the past several years.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, while things have been bad for Ford stock, they won't be bad forever. Indeed, the fundamentals underlying Ford stock could dramatically improve over the next several years. If they do, profit growth will come back into the picture, and that should spark a reasonably large rally in Ford stock, enabling the shares to ruse meaningfully above the depressed levels of Ford stock price today.The takeaway is that investors should buy Ford stock today because things are bound to get better for Ford. The Fundamentals Have Been AwfulThere's no way to sugarcoat the outlook which has driven Ford stock price lower the past several years. In simple terms, its outlook has been very bad.First, Ford is losing market share. There are a few things at play here. But the biggest thing is that competition from electric vehicles is ramping, and Ford has failed to keep up with the competition. Thus, as electric cars have become more popular, Ford has lost market share.Second, F is losing market share in a shrinking market. The auto market had been steadily expanding for several years. But, for the first time in several decades, car-ownership rates in the U.S. are shrinking. That's because of the rise of the sharing economy and ride-sharing apps, which have lessened the need for urban residents to own a car. With that need down, car-ownership rates have dropped slightly, and the auto market's steady growth has tapered off.Third, Ford's margins have been under pressure. The auto industry doesn't have high profit margins, so any cost pressures are really felt on the bottom line. F has unfortunately encountered multiple cost pressures over the past several years, ranging from lower prices to capacity additions to rising technology costs. On top of slowed revenue growth, these cost pressures caused its profits to drop meaningfully.Overall, then, the outlook of Ford stock over the past several years has become really bad. That's why Ford stock price today is just $10. But the bull thesis on Ford stock here and now is centered around the idea that this outlook is in the early stages of reversing course. Ford's Fundamentals Will ImproveThere are multiple reasons to believe that the outlook of Ford stock - which has been depressed for the past five years - will improve in a meaningful way over the next five years.First, on the market-share front, F is aggressively pivoting into next-generation vehicles. This pivot is centered around developing 40 hybrid and electric vehicle models by 2022, the sum of which should help Ford hold its own in the electric-vehicle market. Further, Ford is a leading player in autonomous driving, and it just agreed to partner with Volkswagen (OTC:VWAGY) on self-driving technology.Second, when it comes to the overall auto market,the negative trend of the sharing economy should be partially offset by low interest rates and reduced trade tensions. At the present moment, trade tensions between the U.S. and China are deescalating. The most likely outcome is a resolution of the dispute within the next few months. If such a resolution occurs, global auto demand will stabilize. Further, it looks like a Fed rate cut is on the way. Thus, for the foreseeable future, the U.S. economy will be defined by low borrowing costs, which is favorable for the auto market.Third, on the margin front, F is launching multiple restructuring initiatives across its various international businesses, the sum of which should cut costs and turn those money-losing businesses into money-making ones. At the same time, the company is cutting the costs of its already profitable U.S. business, and those efforts should similarly improve its profit margins. As a result, Ford's margins should start to trend higher from today's depressed base.Overall, the three major headwinds, which have weighed on Ford stock over the past several years, should reverse course over the next several years, ultimately sparking a rebound by F stock from the low Ford stock price today . The Bottom Line on F StockThe fundamentals and outlook of Ford stock have been depressed for several years. That's why F stock has dropped from $17 to $10 over the past five years. But current trends indicate that Ford's fundamentals will improve over the next few years. As they do, Ford stock should rally meaningfully from the low levels of Ford stock price today.As of this writing, Luke Lango was long F. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post Why Things Will Get Better for Ford Stock appeared first on InvestorPlace.
Bloomberg4 days ago
Car Parts Plant for Ford, Tesla Resuming Work After Brief Strike
(Bloomberg) -- Workers at a major auto parts plant in Michigan are poised to return to work after a brief strike Friday, alleviating the threat of a supply disruption for carmakers Ford Motor Co., Tesla Inc. and Fiat Chrysler Automobiles NV.The United Auto Workers called the strike early Friday morning after failing to reach a tentative contract agreement with Faurecia SA. A tentative deal has been reached, Misty Matthews, a Faurecia spokeswoman, said by phone.Faurecia’s plant in Saline, about 40 miles west of Detroit, employs 1,900 UAW members. The factory makes instrument panels, center consoles and other parts and supplies them to Ford, Tesla and Fiat Chrysler.To contact the reporter on this story: Kyle Lahucik in Southfield at klahucik3@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, David WelchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Zacks4 days ago
CarMax (KMX) Earnings Surpass Estimates in Q1, Rise Y/Y
CarMax (KMX) opens three stores in new television markets and one in the existing market in first-quarter fiscal 2020.
InvestorPlace4 days ago
Morgan Stanley Perfectly Sums Up the Dilemma For Tesla Stock Investors
Kudos to Morgan Stanley analyst Adam Jonas for finding the accurate but elegant way of describing the headache investors suffer in trying to figure out what to do with Tesla (NASDAQ:TSLA). He explains of handicapping TSLA stock, "We continue to believe Tesla is fundamentally overvalued, but potentially strategically undervalued."Source: Shutterstock What that means (to Jonas) for the shares -- and, consequently, the shareholders -- from here isn't a whole lot. That is to say, whatever blend of fundamentals and strategic value Morgan Stanley is using has prompted the firm to set its target price at $230, or or about $10 above the current price. The target is also un-bravely in the middle of a rather well-established trading range.Nevertheless, the assessment perfectly pegs the sum total of several contradictions that have been vexing Tesla stock investors for years now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Short-Sighted Self-Driving ThinkingJonas, for the record, thinks it's Tesla's self-driving arm that's largely underappreciated by Wall Street, and Main Street … a premise that Ark Invest analyst Tasha Keeney agrees with. She explained in a CNBC interview on Wednesday: "We think the autonomous driving market is going to be a huge opportunity. We think this should be valued at $2 trillion today in the equity markets, and it's virtually unaccounted for. We think Tesla has a great lead there, and that's because of the data advantage that they have."Keeney specifically named Alphabet (NASDAQ:GOOGL) and General Motors (NYSE:GM) as names Tesla was besting on the autonomous driving front. * 7 Top-Rated Biotech Stocks to Invest In Today The analysts' arguments hold some water. But, neither addressed a more philosophical aspect of the matter: What's Tesla doing with the tech?The answer is, of course, making its in-house self-driving platform better, but to what end? If consumers don't want (or can't afford) a Tesla, a superior self-driving platform is irrelevant. Tesla isn't doing anything else with the know-how. Alphabet's Waymo and GM's Cruise are also at least the basis of a robo-taxi service that doesn't require consumer sales of vehicles to monetize. Ditto for Ford Motor (NYSE:F).Thus far, Tesla has shown no interest in selling or leasing its self-driving technologies to third parties, while former partner Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) subsidiary are providing off-the-shelf solutions to carmakers tiptoeing into the arena.In other words, how is Tesla going to claim its piece of the $2 trillion market Keeney sees on the horizon? If the company intends to continue doing everything by itself and only for itself, the scope of the autonomous driving opportunity means little. Other Contradictions Cloud Investment CaseIt's not just a glaring lack of clarity on the self-driving front that keeps current and would-be TSLA stock buyers on edge. Analysts can't agree on plausible future demand either.Case in point: Goldman Sachs just cut its price target on TSLA to $158 from $200, explaining, "we see a lower probability of the company achieving our upside volume scenarios; we believe a downward path for shares will resume as it becomes more clear that sustainable demand for the company's current products are below expectations."That's in direct conflict, however, with an assessment that Piper Jaffray posted earlier this month, noting, "We understand why some investors consider the stock un-investable, but of all the reasons to doubt our overweight thesis, we think weak demand is among the least convincing." Goldman Sachs specifically cited lower tax subsidies as a reason demand was facing a headwind.Indeed, even with the modest tax credit of $3,750 available until the end of this month, Tesla's Model 3 has widened its U.S. sales lead on other EVs despite net cost for these Model 3's being greater than net sticker prices for alternatives.Consumers want Teslas, even if they have to pay a little more to get one.Even analysts themselves are conflicted, not as to how ownership-worthy TSLA stock may be, but whether or not it's ownership-worthy at all. * 5 Stocks to Buy for $20 or Less As of the most recent look, the lowest analyst price target sits at $140, while the highest lies at $585. And, of the 31 analysts following the company, 12 are rating it at a "sell" or worse, while another dozen are calling it a "buy" or better. Looking Ahead for TSLA StockThis is a key part of the reason TSLA shares have been so incredibly volatile. More often than not they're precariously balanced on the fence, and even the slightest of nudges can knock them off. Sometimes they land on the bearish side of the fence, and sometimes the bullish.Regardless, Tesla stock's usually quite quick to climb back on the fence of uncertainty, with the horde on 'the other side' screaming their case a little louder when they start to lose ground.The good news is, the never-ending conundrum has proven helpful to traders even if it's been agonizing to traders. That is, several trading ranges have taken shape over the years, and now is no exception. While last month's reversal was seemingly prodded by headlines, a longer-term look at the chart reveals that bottom lines up with a floor around $179 that's been in seen several times since 2014. If the bulls continue to get traction, the ultimate ceiling is right around $390.Not surprisingly, the consensus target of around $280 is squarely in the middle of the trading range. The analyst community has collectively hedged its bet on TSLA, underscoring the idea that nobody really knows what to make of this name.As of this writing, James Brumley held no position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post Morgan Stanley Perfectly Sums Up the Dilemma For Tesla Stock Investors appeared first on InvestorPlace.
Autoblog4 days ago
Another Ford GT is coming, and this is it
Ford just dropped this teaser of a shadowy, winged GT supercar staring back at us, and it certainly has our hearts pounding. If you're in the UK for Goodwood, you'll want to be at the Ford stand in the Drift Paddock for the news. Also, it has a roof scoop, which is something the normal Ford GT doesn't have.
Motley Fool4 days ago
This Auto Stock Jumped 31% While You Were Watching Tesla's Slump
While Tesla fell, this former Foolish favorite has been rising.
Zacks5 days ago
Ford (F) Gains But Lags Market: What You Should Know
Ford (F) closed at $10.05 in the latest trading session, marking a +0.1% move from the prior day.
Investor's Business Daily5 days ago
Self-Driving Car Leader Teams Up With The World's Largest Auto Alliance
Alphabet unit Waymo will study self-driving car services to move people and goods with Renault and Nissan.
Market Realist5 days ago
Tesla Slips as Goldman Sachs Cuts Target by 21%: GM and Ford Rise
This morning before the market opened, Tesla (TSLA) was trading on a negative note despite a sharp rise in index futures. As of 9:10 AM ET, Tesla stock had fallen 1.2% in the pre-market session to $234.74 after Goldman Sachs cut the target price on the company by about 21%.
Zacks5 days ago
Auto Stock Roundup: F Recalls, HOG to Expand in China, WGO Beats on Q3 Earnings
Navistar (NAV) to invest $125 million in new manufacturing facilities at its Huntsville, AL-based engine plant. Ford's (F) recall worry continues.
Investing.com5 days ago
Slack Soars 50% on Its Wall Street Debut
Investing.com - Online work messaging software company Slack soared as the company made its Wall Street debut Thursday.
Autoblog5 days ago
2020 Ford Explorer ST First Drive Review | A too-serious sporty crossover
Is there really a market for a vehicle like the 2020 Ford Explorer ST? Well, Ford is certainly about to find out, because there's really nothing like it out there. Oh sure, the Dodge Durango SRT exists, but there's always been something tongue-in-cheek about that.
Motley Fool5 days ago
Like Its Stock Price, Ford Motor Company's Quality Is Up in 2019
The Blue Oval just beat most of its rivals in a key measure of build quality.
Reuters6 days ago
UPDATE 1-Slack reference price for direct listing set at $26/shr
(Adds background) June 19 (Reuters) - The New York Stock Exchange on Wednesday set the reference price for Slack Technologies Inc's direct listing at $26 per share. At this price, the owner of the workplace instant messaging app is valued at around $16 billion. Slack, which will list its shares directly on the NYSE on Thursday, is the second high profile technology company after Spotify Technology SA to shun a traditional listing. The reference price is not an offering price, the NYSE notice https://www.nyse.com/trader-update/history#110000137618 said.
Autoblog6 days ago
Deepest discounts on new compact crossovers
Autoblog6 days ago
Ford Fusions in Canada found to contain nearly 400 pounds of meth
If you own a late model Ford Fusion, you might want to take a minute to check your trunk for some unwanted and illegal aftermarket packages. A few months back, the Canadian police found a handful of Fusions at more than a dozen dealerships across Ontario, Quebec and New Brunswick loaded with $4.5 million CAD or nearly $3.4 million USD worth of methamphetamine. The drugs were hidden inside the non-spec spare tires of said Fusions.