Ford CFO Says Capital Spending Will Rise To $10B- $11B In 2024
Portfolio Pulse from Benzinga Newsdesk
Ford's CFO announced that the company's capital spending will increase to $10B-$11B in 2024, up from the current $7B-$8B range.
May 22, 2023 | 2:29 pm
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Ford's capital spending is set to increase to $10B-$11B in 2024, indicating a potential growth in the company's investments and operations.
The increase in capital spending suggests that Ford is planning to invest more in its operations, which could lead to growth and expansion. This news is likely to be seen as positive by investors, potentially driving the stock price up in the short term.
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