Ford Motor Climbed 19% in April

  1. Welcome to GM Inside News Forum – General discussion forum for GM

    Welcome to GM Inside News Forum - a website dedicated to all things GM.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join GM Inside News Forum today!
     
Results 1 to 2 of 2

Thread: Ford Motor Climbed 19% in April

  1. #1
    2.4 Liter SIDI ECOTEC
    Join Date
    May 2017
    Posts
    389
    Thanks
    15
    Thanked 309 Times in 150 Posts

    Ford Motor Climbed 19% in April

    Why Shares of Ford Motor Climbed 19% in April

    A strong quarter suggests the company's massive restructuring plan is headed in the right direction.
    Lou Whiteman
    (TMFeldoubleu)
    May 3, 2019 at 7:41AM
    Link to "The Motley Fool Article

    What happened

    Shares of Ford Motor Co. (NYSE:F) climbed 19% in April, according to data provided by S&P Global Market Intelligence, after the automaker reported first-quarter results that came in well ahead of expectations, giving investors reason to believe the company's ongoing restructuring campaign will bear fruit.
    So what

    Ford shares were up less than 10% for the month prior to April 25, when the company reported first-quarter earnings of $0.44 per share, easily besting the $0.26-per-share analyst consensus. North America led the way with strong pickup and commercial vehicle sales, and the company's European operations returned to profitability.

    The numbers weren't all great. Ford is still losing money in South America and China, and although Ford is selling a more profitable mix in North America, overall sales there did fall 5%. The company also recorded a whopping $592 million in one-time charges, with most of that total tied to plant closures and other cost cuts in Europe and South America.

    Ford through most of the last year was stuck in neutral while it implemented CEO Jim Hackett's restructuring plan. While that work is far from done, Hackett in a statement accompanying the earnings release said that the results show progress.

    "With a solid plan in place, we promised 2019 would be a year of action and execution for Ford, and that's what we delivered in the first quarter," Hackett said. "We're pleased with the progress and the optimism that it brings."

    Now what ...

  2. Remove Advertisements
    GM Inside News
    Advertisements
     

  3. #2
    1.8 Liter ECOTEC
    Join Date
    Apr 2017
    Location
    North Coast of America
    Posts
    46
    Thanks
    1
    Thanked 48 Times in 20 Posts

    Re: Ford Motor Climbed 19% in April

    Yet it remains at $10 a share. If not for the Ford family owning a majority of the shares they may have been bought out already.

    Ford is still in danger and they will need to continue to cut cost and increase ATP. They may still partner more with a VW to cut cost.

  4. The Following 2 Users Say Thank You to scott3 For This Useful Post:

    Evo69 (05-21-2019),Let Them Fail (05-22-2019)

  5. Remove Advertisements
    GM Inside News
    Advertisements
     

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 107
    Last Post: 05-07-2016, 12:19 PM
  2. GM’s Truck Sales Climbed 18 percent in August
    By Oldsmobile stopped in forum Automotive Industry & GM News
    Replies: 45
    Last Post: 09-06-2014, 12:23 PM
  3. Sportwagon Offers 19 X 9" & 19 X 19.5" Wheel Package
    By b4z in forum Cadillac & Buick Discussion
    Replies: 2
    Last Post: 04-07-2009, 08:30 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBadvanced CMPS v4.1.2