Tag Archives: cut

Ford Motor (NYSE:F – Get Rating) had its price target lowered by investment analysts at Benchmark from $25.00 to $23.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm presently has a “maintains” rating on the auto manufacturer’s stock. Benchmark’s target price indicates a potential upside of 51.72% from the company’s current price. A number of other equities analysts have also recently issued reports on the… Source link

Ford will cut 8,000 jobs in in the coming weeks in a bid to reduce costs and bolster investment in electric vehicles, a report has said. The Detroit-based company has not confirmed the cuts, which were first revealed on Wednesday by Bloomberg, and could still change. According to the report, about 8,000 jobs could be cut from the newly created Ford Blue unit working on the company’s internal combustion engine operations. Cuts, which could begin before the end of the summer, will also… Source link