Tuesday, February 6, 2024

Ford Will Reassess Commitment To Saving The Earth -- February 6, 2024

Locator: 46750EVS.

Ford's earnings, link here.

  • beat on bottom and top lines; by quite a wide margin. 
  • EV unit lost money but ICE did incredibly well.
  • should confirm the death knell for EVs. In the US.
  • huge labor expense. Changing CAPEX.
  • special dividend, 18 cents, in first quarter. In addition to regular quarterly.
  • shares up seven to eight percent after hours, now trading above $12. 

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Link here.

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