Barclays analyst Dan Levy cut his rating on the auto stock to Hold from Buy. His price target went to $11 a share from $13.
James Durian, CEO of the Marshall Area Economic Development Alliance, said they are reviewing President Donald Trump's recent executive order rescinding goals for electric vehicle production and any impact it may have on Ford's BlueOval Battery Park development.
Despite the uncertainty brought by President Donald Trump’s tariff threats, Ford Motor Company is pushing ahead with the expansion of its engine production capacity at its Essex Engine Plant. The company is currently doing cement work in a vacant portion of the plant in preparation to install the machinery needed to create a new V-8 engine line.
TOKYO/NEW YORK -- U.S. President Donald Trump's threat to impose tariffs on imports from Mexico, if he follows through, has automakers -- from Japan's Nissan Motor and South Korea's Kia to America's General Motors and Ford Motor -- scrambling to reconsider their production and sales strategies.
North American car companies have operated across borders for three decades. Tariffs would raise prices and cost jobs in the short run, analysts say.
Mary Barra provided no details on how the automaker will respond to the tariffs, nor how they will affect GM, which has manufacturing facilities in Canada and Mexico as well as the U.S.
President-elect Donald Trump’s proposed tariffs on China, Mexico and Canada threaten to raise prices for toys, cars, shoes, French fries, furniture and beer.
TORONTO — Doug Ford, the premier of Ontario, plans to rain economic punishment on Americans if President Donald Trump targets Canada ... family-owned label-making company. Before cancer felled ...