Doug Ford Under Fire
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The Q3 earnings report provided a much needed clarity on some one-off headwinds and this giving investors a sigh of relief.
Shares were up 2.43% at $12.64 in the Friday premarket having risen 3.2% in after-hours trading. That followed a 0.7% fall in regular trading on Thursday. The S&P 500 and Dow Jones Industrial Average finished the day up 0.6% and 0.3%, respectively.
Ford said a fire at an aluminum factory will lower profits in the last three months of the year. The company also said it has stopped making an electric version of its popular F-150 pickup.
Ford investors also will be looking for updates on company's cost-cutting efforts, quality improvements, tariff impact and a supplier fire.
Ford sold a record number of hybrid vehicles in the third quarter. Still, it will have a high bar to clear after GM boosted profit expectations for the year.
Big Three automaker Ford reported third quarter results after the bell that topped results, but projects financial hits due to the aluminum plant fire that impacted Ford's franchise F-150 pickups and SUVs.
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Francis Ford Coppola Selling $1M Watch, and 6 Other Valuable Timepieces After Megalopolis Bombs
Francis Ford Coppola is selling some of his valuable possessions, including seven watches from his personal collection, one of which from watchmaker François-Paul Journe is worth roughly $1 million. Coppola’s sales follow his investment of $120 million of his own money into 2024 box office bomb 'Megalopolis.
Ford is adding extra workers and taking other measures to meet “strong” customer demand for its F-Series pickup trucks, while making up for production losses stemming from a fire at an aluminum supplier’s plant.
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