8.66 -0.05 (-0.57%)
After hours: 5:15PM EST
|Bid||8.66 x 2900|
|Ask||8.67 x 2900|
|Day's Range||8.70 - 8.95|
|52 Week Range||7.41 - 12.15|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||9.47|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||0.60 (6.80%)|
|1y Target Est||9.33|
The president has less than 90 days left to decide on new auto tariffs. Yahoo Finance's Alexis Christoforous and Jessica Smith discuss.
Ford Motor Co said on Thursday it had hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data given to regulators or consumers. The investigation and concerns involving Ford's testing processes do not involve the use of so-called defeat devices - hardware and software designed deliberately to deceive government emissions tests, Kimberly Pittel, Ford's group vice president for sustainability, environment and safety engineering, told Reuters on Thursday. The automaker since last fall has been investigating concerns raised by employees that incorrect calculations were used to translate test results into the mileage and emissions data submitted to regulators, Pittel said.
Ford Motor Co manufactures, markets, and services Ford cars, trucks, sport utility vehicles, electronic vehicles, and Lincoln luxury vehicles. It also provides financial services through Ford Motor Credit Company. The dividend yield of Ford Motor Co stocks is 6.87%.
“In September, a handful of employees raised a concern through our Speak Up employee reporting channel regarding the analytical modeling that is part of our U.S. fuel economy and emissions compliance process. At Ford, we believe that trust in our brand is earned by acting with integrity and transparency. We have hired an outside firm to conduct an investigation into the vehicle road load specifications used in our testing and applications to certify emissions and fuel economy.
The Trump administration announced on Thursday it had decided to halt discussions with the California Air Resources Board, citing insufficient progress after months of deliberations. General Motor Co. and Ford Motor Co., the two largest U.S. automakers, said in separate statements they were disappointed the talks broke down without an agreement on a nationwide fuel economy standard that are set to go into effect in just two years.
Ford Motor Co's oldest factory in Brazil, slated for closure later this year, was a giant among auto plants, occupying a sprawling 12 million square feet (111.5 hectares), bigger than many of the automaker's U.S. facilities. Ford announced on Tuesday it will close the factory and exit its heavy commercial truck business in South America as part of a global restructuring. Overall, Ford's Sao Bernardo plant produced 33,000 cars and heavy trucks in 2018, or just 11 vehicles per employee.
The governor of Brazil's Sao Paulo state said on Thursday he would help Ford Motor Co find a buyer for its oldest plant in the country, which is slated to be closed this year as part of the automaker's global reorganization. “The clear solution to keep the jobs is to sell the plant,” said recently elected Governor Joao Doria. Brazil is South America's largest auto industry hub, which is still recovering from a deep recession.