Ford’s stock heads for longest losing streak in over 15 months

  • Ford’s stock falls for the sixth consecutive day
  • 2023 U.S. sales growth for Ford was half of GM’s
  • Ford sold 25,937 EVs in Q4, up 24% from Q3
  • Ford sold a record 72,608 EVs in 2023
  • Truck sales increased by 13% in 2023
  • GM reported a 14% increase in U.S. auto sales

Shares of Ford Motor Co. fell 0.6% after the automaker reported that its U.S. vehicle sales in 2023 grew by 7.1%, which was only half of the growth seen by rival General Motors. Ford sold 25,937 electric vehicles in the fourth quarter, marking a 24% increase from the previous quarter, and achieved a record of 72,608 EV sales for the year. Truck sales also saw a 13% increase, maintaining the F-Series as the best-selling truck in the U.S. However, GM reported a 14% increase in U.S. auto sales, highlighting Ford’s lagging performance. Ford’s stock has experienced a six-day losing streak, the longest in over 15 months, while GM shares have rallied by 13.8%.

Public Companies: Ford Motor Co. (F), General Motors Co. (GM)
Private Companies:
Key People: Jim Farley (Chief Executive)

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Factuality Level: 8
Justification: The article provides specific information about Ford’s vehicle sales in 2023, including the number of EVs sold and overall vehicle sales. It also mentions the comparison to General Motors’ sales. The information provided is factual and supported by data. However, the article does not contain any additional context or analysis, which could have provided a more comprehensive understanding of the situation.

Noise Level: 3
Justification: The article provides relevant information about Ford’s vehicle sales in 2023 and compares it to General Motors. It also mentions the performance of Ford’s stock and includes a quote from Ford’s CEO. However, the article lacks in-depth analysis, scientific rigor, and actionable insights.

Financial Relevance: Yes
Financial Markets Impacted: The article provides information on the sales performance of Ford Motor Co. and its comparison to rival General Motors Co. This information may impact the stock prices of both companies and the overall automotive industry.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article focuses on the sales performance of Ford Motor Co. and does not mention any extreme events or significant impacts on financial markets or companies.

Reported publicly: www.marketwatch.com