Tuesday Ticker: Magna lowers 2024 guidance; Ford to hit the ‘lower end’ of 2024 earnings forecast, automaker warns
Toronto, Ontario — In this weekly Tuesday Ticker, Magna reports better-than-expected Q3 financials—yet still lowers its guidance amid global vehicle production slumps. Meanwhile, Ford warns investors that it will hit the ‘lower end’ of predicted earnings in 2024. Production problems Shares of Magna International rose 7.8 percent following better-than-expected Q3 2024 results—though the Ontario-based auto […]
Tuesday Ticker: Ford pumps the brakes on production; VinFast makes minor gains
Toronto, Ontario — In this weekly, post-American-Thanksgiving Tuesday Ticker, we look into Ford’s decision to scale back EV production in Michigan (and globally). Plus, VinFast makes minor gains amid analyst support. Ford hits the brakes Ford is scaling back its zero-emissions plans in Detroit, Michigan, amid slower-than-anticipated EV demand, according to a statement from the […]
Tuesday Ticker: Analysts predict Rivian results; Ford’s end to quarterly sales reports cause for concern
Toronto, Ontario — This week, Rivian prepares to unveil its Q1 2023 results; Ford of Canada’s decision to end quarterly sales reporting worries industry market analysts and AutoCanada reports net income increases with Q1 2023 financials. Ready for Rivian results Rivian is set to announce its Q1 earnings on Tuesday following market close, and analysts […]
