|Bid||22.37 x 1800|
|Ask||22.39 x 4000|
|Day's Range||21.70 - 22.27|
|52 Week Range||10.33 - 24.95|
|PE Ratio (TTM)||8.08|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.13|
Ford Motor Company (NYSE: F) is undergoing a major shift from passenger cars, Tesla Inc (NASDAQ: TSLA)’s recovering from even more Model 3 setbacks and Fiat Chrysler Automobiles NV (NYSE: FCAU)’s at the center of an emissions scandal. Morgan Stanley considers Ford the “most out-of-favor OEM in the world” and expects the stock to be rangebound until management undergoes changes or makes significant headway in restructuring. “We believe that if Ford learns lessons from GM and FCA on what to exit and what to carve out, it can unlock SOTP potential up to $25,” analysts Adam Jonas and Armintas Sinkevicius said in a Thursday note.
Last week, Harley-Davidson stock (HOG) saw a strong recovery after falling in the previous two weeks. HOG ended the week at $42.50 with a rise of about 4.2% during the week. The company’s stock fell ~4.1% in April against a 0.3% drop in the S&P 500 Index. April was the fourth month in a row that Harley’s stock witnessed value erosion.
The Trump administration is considering the imposition of new tariffs on imported vehicles, The Wall Street Journal reported, citing industry officials briefed on broad outlines of the plan. The administration is currently considering tariffs of up to 25%, according to those briefed on the plan, the report said.
Will US-China Trade War Relief Be Fruitful for the Auto Industry? In the week ended May 18, Ferrari stock (RACE) remained negative and settled at $132.53 with a drop of 2.6%. Let’s take a look at key technical support and resistance levels in its stock for the trading sessions.
Tesla CEO Elon Musk sharply criticized the United Automobile Workers union in a new Twitter rant this week, saying the union “betrayed” workers at Fremont’s NUMMI auto plant and “left us here to rot” after the plant closed in 2010.
Last week, Fiat Chrysler stock (FCAU) fell 3.7% to settle at $21.86. In the previous week, the stock lost ~1%. April proved to be a good month for FCAU, as its stock recovered 6.4% after falling in the previous two months. As of May 21, the company has delivered 2.3% MTD (month-to-date) positive returns as compared to 3.2% gains in the S&P 500 Index. Now, let’s find out what could be hurting FCAU’s stock in May.
GM and most auto stocks rose amid news that China will reduce import tariffs on autos and auto parts. But Tesla, which should be a big winner, fell sharply.
China's Finance Ministry said Tuesday that it will slash import tariffs on automobiles into the world's biggest car market in what could be the most significant step by officials in Beijing to placate demands of President Donald Trump to trim the country's multi-billion trade surplus with the United States. China will cut the tariff to around 13.8%, the Ministry said, from the current level of 25%, while reducing the levy on imported car parts to 6% from 10%, in an effort to open the market further to foreign competition. The reductions will take effect on July 1, the Ministry said in a statement.
Chrysler Pacifica Earns Two Awards, Including Best Three-Row Family Car and Best Green Family Car AUBURN HILLS, Mich. , May 22, 2018 /PRNewswire/ -- FCA US LLC brands take home the most awards of any manufacturer ...
The White House is considering new tariffs for imported vehicles. Yahoo Finance's Seana Smith, Dan Roberts, Dion Rabouin and Ethan Wolff-Mann discuss.