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Ford EV forecast: 'the demand is not there,' analyst says as company sees losses widening
· 07.02.2024 · 22:41:30 ··· MiTTwoch ⭐ 0 🎬 0
📺 Yahoo Finance
Ford (F) announced a supplemental dividend after topping fourth-quarter earnings estimates on Tuesday. While raising its full-year outlook for 2024, the automaker is still facing losses in its EV segment, to which CEO Jim Farley assured shareholders of Ford's commitment to present affordable electric vehicles to better compete against its rivals.
Cox Automotive Executive Analyst Michelle Krebs and Tom Narayan, RBC Capital Markets Lead Equity Analyst — Global Autos, sit down with Yahoo Finance Live to discuss Ford's EV strategy and consumer demand challenges.
"At the end of the day, this is an evolution. We are moving towards electrification, so these bets will eventually pay off," Narayan says. "It's just that right now, and we heard this from the Tesla call as well, we're in kind of an in-between two waves, and it could be a little challenging for some time.
About Yahoo Finance:
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· 07.02.2024 · 22:41:30 ··· MiTTwoch
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