FORD has been in the news 333% more than usual
Jul 25, 2024, 10:33 PM
-2.60%
What does FORD do
Forward Industries, Inc., based in Hauppauge, New York, offers integrated design, development, and manufacturing solutions globally, primarily serving the medical and technology sectors. The company operates through three segments: OEM distribution, retail distribution, and design, providing products ranging from carrying cases to smart-enabled furniture and comprehensive engineering services.
FORD has been in the news recently: Ford (F) reported Q2 2024 revenue of $47.81 billion, surpassing expectations despite a 4.5% decline in earnings and a significant drop in stock value due to reduced profit margins. The company also faced a $1.1 billion loss in its electric vehicle division, attributed to selling EVs at nearly $50,000 losses each during a competitive price war.
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