{"id":77373,"date":"2023-10-27T05:46:44","date_gmt":"2023-10-27T09:46:44","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/fords-stock-drops-4-after-carmaker-pulls-guidance-ev-unit-loses-1-3-billion\/"},"modified":"2023-10-27T05:46:47","modified_gmt":"2023-10-27T09:46:47","slug":"fords-stock-drops-4-after-carmaker-pulls-guidance-ev-unit-loses-1-3-billion","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=77373","title":{"rendered":"Ford&#8217;s stock drops 4% after carmaker pulls guidance, EV unit loses $1.3 billion"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002651735\">\n<div class=\"snippet__body\">\n<p>Ford Motor Co.\u2019s stock dropped 4% after hours Thursday after the carmaker reported lower-than-expected quarterly earnings and withdrew its guidance for the year, citing the pending agreement with the United Auto Workers. <\/p>\n<p>Ford F also reported an adjusted loss of $1.3 billion for its EV unit, which was wider than Wall Street expected, saying that customers interested in EVs are \u201cunwilling\u201d to pay the vehicles\u2019 premium prices. The company paused billions of long-term investment in EVs due to that disconnect. <\/p>\n<p>\u201cOur&#8230;\n      <\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/ford-earnings-what-to-expect-from-the-carmaker-as-uaw-strike-continues-9850d739?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ford Motor Co.\u2019s stock dropped 4% after hours Thursday after the carmaker reported lower-than-expected quarterly earnings and withdrew its guidance for the year, citing the pending agreement with the United Auto Workers. Ford F also reported an adjusted loss of $1.3 billion for its EV unit, which was wider than Wall Street expected, saying that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-77373","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ford&#039;s stock drops 4% after carmaker pulls guidance, EV unit loses $1.3 billion | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Ford Motor Co.\u2019s stock dropped 4% after hours Thursday after the carmaker reported lower-than-expected quarterly earnings and withdrew its guidance for\" \/>\n<meta name=\"robots\" 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