- Ford Motor Co (NYSE:F) has unveiled its next-generation Mustang sports car in order to appease sports car enthusiasts.
- The new Mustang has two new engines, a 2.3-liter EcoBoost and the Mustang GT’s most powerful 5.0-liter Coyote V8 ever.
- “Investing in another generation of Mustang is a big statement at a time when many of our competitors are exiting the business of internal combustion vehicles,” said CEO Jim Farley.
- Ford, however, is sticking to its ICE growth plan, adding connected technology, opinionated derivatives, and hybrid options in addition to a $50 billion investment in electric vehicles through 2026.
- The new Mustang comes equipped with Ford Co-Pilot360 features, including speed sign recognition, intelligent adaptive cruise control with stop-and-go, lane centering assist, evasive steer assist and reverse brake assist.
- The all-new Mustang will go on sale in the U.S. starting in the summer of 2023 and will be assembled at the Flat Rock Assembly Plant in Flat Rock, Michigan.
- Price Action: F shares are trading higher by 0.07% at $14.67 in premarket on the last check Thursday.
- Photo Via Company
Super Micro Computer Reports Q2 Financials, Raises 2024 FY Guidance: Over 100% YOY Sales Increase
Super Micro Computer reported quarterly earnings of $5.59 per share, beating the analyst consensus estimate of $4.93 by 13.39% and representing a 71.47% increase over earnings of $3.26 per share from the same period last year. The company reported quarterly sales of $3.67 billion. Quarterly sales beat the analyst consensus estimate of $3.06 billion by nearly 20% and is a 103.27% increase over sales of $1.8 billion year-over-year.
