Ford Motor CFO Says Seeing Vehicle Prices Come Down A Bit, Which We Expected, But Not A Big Reduction
Portfolio Pulse from Benzinga Newsdesk
Ford Motor CFO reports that vehicle prices are coming down slightly, as expected, but not experiencing a significant reduction.
June 15, 2023 | 1:53 pm
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Ford Motor's CFO states that vehicle prices are decreasing slightly, in line with expectations, but not significantly.
Ford Motor's CFO confirmed that vehicle prices are coming down slightly, which was expected. This indicates that the company's pricing strategy is on track and there are no major surprises. As a result, the short-term impact on Ford's stock price is neutral, as the market has likely already priced in this expected development.
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IMPORTANCE 60
RELEVANCE 100