Ford Powers Up: Electric Explorer Reportedly To Hit European Roads In August
Portfolio Pulse from Nabaparna Bhattacharya
Ford Motor Company (NYSE:F) is set to begin production of the electric Explorer in Europe in June, with deliveries expected by August. This represents an eight-month delay from the original schedule. Ford also plans to start production of a second EV using VW's platform by late 2024. The electric Explorer will be available in two trims, with the base model priced under $50,000. Ford's shares dropped by 2.9% to $11.13 in the morning session on Wednesday.
January 17, 2024 | 2:36 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ford's electric Explorer production delay and the announcement of a second EV could influence investor sentiment. The stock price has already seen a 2.9% drop.
The delay in production of the electric Explorer may concern investors about Ford's ability to meet its EV goals, potentially affecting short-term stock performance. However, the announcement of a second EV could mitigate some concerns by showing progress in Ford's EV strategy. The immediate stock price reaction suggests a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100