Ford Motor Co (NYSE:F) shares are trading lower by 3.00% to $11.80 Tuesday morning. The stock is potentially trading lower in sympathy with General Motors Co (NYSE:GM) after GM’s first-quarter earnings results.
General Motors cut its FY23 net income outlook from a range of $8.7 billion – $10.1 billion to a new range of $8.4 billion – $9.9 billion. GM also reportedly said it expects pricing to be flat for the full year and announced it will end production of the Bolt this year.
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What Else Happened With GM?
GM Chair and CEO Mary Barra said the company plans to produce 400,000 EVs over the course of 2022, 2023 and the first half of 2024, including 50,000 EVs in North America in the first half of this year, and double that in the second half…Read More
According to data from Benzinga Pro, F has a 52-week high of $16.68 and a 52-week low of $10.61.
