Ford Motor (F) says it is on path to reach its targeted annual production run rate of 600,000 EVs by the end of 2023 and more than 2 million by the end of 2026
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Go back to Ford Motor (F) says it is on path to reach its targeted annual production run rate of 600,000 EVs by the end of 2023 and more than 2 million by the end of 2026
April 5, 2023 9:00 AM EDT
The Society of Motor Manufacturers and Traders (SMMT) released data Wednesday that showed new car registrations jumped to 287,825 units as supply chain challenges continued to ease, making the first quarter of 2023 the strongest three-month period since 2019. Battery electric vehicle (BEV) sales reached a record monthly high of 46,626, representing 18.6% year-on-year... More
April 4, 2023 12:44 PM EDT
CFRA reiterated a Buy rating and $16.00 price target on Ford Motors (NYSE: F) after the American automaker reported a 10.7% Y/Y increase in 1Q U.S. auto sales. CFRAs adjusted EPS estimates are unchanged.
Garrett Nelson, vice president at CFRA wrote in a note, Ford's U.S.... More
April 4, 2023 12:28 PM EDT
Ford (NYSE: F) reported Tuesday that the automaker sold 456,972 vehicles in the 1Q, an increase of 10.7% compared to the same time last year.
Sales surged across Fords areas of strength, with EVs growing 41.0% in the first quarter on sales of 10,866 electric vehicles. F-150 Lightning sales totaled 4,291 pickups with production capacity actions on track to hit an annual production run rate... More
