F
Ford and Geely strike deal for EV production at Spanish plant, ABC reports
Article Summary
HOLD- Ford Motor Co. (NYSE: F) and China's Geely have struck a landmark deal under which the U.S. automaker will sell part of its Almussafes plant near Valencia, paving the way for Geely to manufacture electric vehicles in Spain, according to Spanish media reports.
- The deal would give Geely, owner of brands including Volvo, Polestar and Lotus, a manufacturing base inside the European Union, helping it avoid EU tariffs on electric vehicles imported from China while providing direct access to the European market.
- For Ford, the deal would cut fixed costs through the shared use of factory infrastructure while helping tosafeguard jobs and production at the plant, which has been clouded by phasing out of several models and dependence on its Kuga model.
- The announcement is expected during a visit to the plant on Thursday by Spanish Prime Minister Pedro Sanchez and Ford Europe President Jim Baumbick.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 3.8% | 25% | 20.0 ptsMinimal (3.8%) - Very weak |
| EPS Growth Next 5Y ? | 23.6% | 25% | 70.0 ptsGood (23.6%) - Solid outlook |
| Target Price Upside ? | 3.8% | 20% | 20.0 ptsMinimal Upside (3.8%) - Target: $14.97 vs Current: $14.42 |
| Gross Margin % ? | 7.8% | 15% | 10.0 ptsRazor-Thin (7.8%) - Weak pricing power |
| Drawdown from 52-Wk High ? | -18.9% | 15% | 40.0 ptsMild Pullback (-18.9%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About F
- Ford Motor Company develops, delivers, and services Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles in the United States, Canada, the United Kingdom, Mexico, and internationally.
- It operates through Ford Blue, Ford Model e, Ford Pro, and Ford Credit segments.
- The company sells Ford and Lincoln internal combustion engine and hybrid vehicles, electric vehicles, service parts, accessories, and digital services for retail customers; develops EV and digital vehicle technologies, and software; and provides telematics and EV charging solutions.
- It also sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
- In addition, it engages in vehicle-related financing and leasing activities to and through automotive dealers.
- Further, the company provides retail installment sale contracts for new and used vehicles; and direct financing leases for new vehicles to retail and commercial customers, such as leasing companies, government entities, daily rental companies, and fleet customers.
- Additionally, it offers wholesale loans to dealers to finance the purchase of vehicle inventory; and loans to dealers to finance working capital and enhance dealership facilities, purchase dealership real estate, and other dealer vehicle programs.
- Ford Motor Company was incorporated in 1903 and is based in Dearborn, Michigan.