Ford's issues with warranty and electric vehicle (EV) costs have been a significant factor in its stock decline, as the company struggles to regain its footing in a competitive market.
Despite ambitious plans to ramp up EV production to 600,000 units annually by the end of 2023, Ford has drastically revised its targets, reflecting ongoing operational challenges and market pressures.
The sharp decline in foreign automakers' market share in China, where Ford has also struggled, highlights the increasing difficulties faced by legacy car manufacturers in adapting to changing consumer preferences.
With Jefferies downgrading Ford's stock from 'hold' to 'underperform' and lowering the price target, investor confidence is waning amid persistent quality and warranty issues.
Collection
[
|
...
]