Street View: Ford tightens the bolts as the road straightens

General Motors Co

30/04/2026 12:28

** Ford Motor F.N lifted its annual forecast on Wednesday by $500 million, aided by significant tariff refunds, but said it still faces rising materials costs as it works to source aluminum for its lucrative F-150 pickup trucks

** Shares of co fall nearly 5% to $11.62 premarket

WHEELS BACK ON TRACK

** Morgan Stanley ("equal-weight," PT: $14) says while macro volatility may continue to create noise for autos, F's progress on Universal Electric Vehicles (UEV) and Energy Storage Solutions (ESS), its product refresh cycle, and growth in Software and Services (S&S) as primary growth drivers beyond '26

** Daiwa Capital Markets ("neutral") says Ford is benefiting from strong software and service offerings in its Ford Pro (commercial vehicles) business and a higher off-road mix at Ford Blue (traditional internal-combustion vehicles)

** Morningstar (fair value: $18) says Ford has finally turned a corner in better managing material and warranty costs, while still avoiding boring vehicles, and greater cost consistency points to potential positive earnings surprises ahead

** RBC Capital Markets ("sector perform," PT: $13) says Ford’s higher benefit under the International Emergency Economic Powers Act (IEEPA) compared with General Motors GM.N, and Ford is producing more vehicles in the United States, while GM relies more on production in Korea and Mexico

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))