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The Ford brand
Justin Sullivan/Getty Images
Ford Motor
has teased buyers for a second consecutive day.
A day after the Ford Mustang social media account teased an announcement, Ford (ticker: F) issued one other information launch early Thursday.
“Ford will make a major economic announcement this morning at 9:00 a.m. [eastern time] on how it’s continuing to transform its global automotive business,” learn a part of the discharge.
A convention name will comply with the announcement at 10:30 a.m. It can even be out there to look at on YouTube.
Investors will wait with baited breath. The Mustang announcement Wednesday was a couple of new black trim package deal for Mustang autos. It wasn’t a giant deal for the inventory.
Ford shares rose 1.3% in premarket buying and selling Thursday.
S&P 500
and
Dow Jones Industrial Average
futures gained 0.6% and 0.5%, respectively.
Coming into Thursday buying and selling, Ford inventory has fallen about 35% this yr, worse than the 14% comparable drop of the S&P 500. Inflation and rising rates of interest have hit automotive shares arduous. Investors are nervous excessive inflation will squeeze revenue margins whereas rising charges will cool demand for brand spanking new automobiles.
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