Down 21%, What's Going On With Ford?
The Motley Fool
AUGUST 4, 2024
Ford Motor Company (NYSE: F) shares are down over 20% after the company disappointed in its second-quarter results last week. The troubles hitting Ford shares are part of an inherent problem facing most automakers. This is a very cyclical business, and the market rarely gives these companies high valuations. With some problems across EVs and warranty coverage, coupled with a relatively tepid forecast for the second half of the year for auto sales in general, Ford shares are not likely to reward
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