05:09
Traffic jam:   0
$
92.2628
99.7057

Ford shares fell

18 June 2021
3371
1 min.
2
Ford shares fell

Second quarter 2021

Ford said on Thursday that its expectations for the second quarter of 2021 have increased compared with April. Ford sees growing demand for its electric vehicles and also points to lower costs and favourable market factors. However, investors should "read between the lines" and understand what Ford expects in the short term.

Ford (F), the No. 2 carmaker in the US after General Motors (GM), announced to its investors on Thursday that it sees improvement in the car business since its last forecast on 28 April.

Ford Motor's next Q2 2021 report is expected on 27 July and here's what the company's management is forecasting and what investors should expect.

Ford reported the following:

  • costs were lower than expected;
  • market factors have become more favourable;
  • Ford is seeing strong demand for its electric vehicles, a key "positive" signal that the automaker is moving towards its goal of reaching a 40% share of electric vehicle sales by 2030.

Ford Credit division revenues have been boosted by higher prices for new and used cars at car auctions.

Ford on Thursday gave an update on "bookings" (optional pre-orders via the internet) for several of its latest new models. The recently launched Bronco electric SUV has received 190,000 reservations, 125,000 of which have already been converted into binding orders.

The F-150 Lightning electric pickup unveiled in May received 100,000 reservations, with deliveries to US dealerships beginning in mid-2022.

The small electric Maverick pickup, unveiled last week, received 36,000 reservations.

The all-electric E-Transit commercial van received 20,000 reservations.

Companies2 in the news

Section:

Discussion

Rating companies
Tesla
14 Mention
Instagram
13 Mention
JP Morgan Chase
12 Mention
Walt Disney Company
12 Mention
Ford Motor Company
10 Mention
Netflix
10 Mention
Amazon
9 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8112779863
Died this year
14354277
Born this year
35314062