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Ford earnings spurs buying of bonds as spreads over U.S. Treasurys tighten
Ford MotorFord Motor(US:F) Market Watch·2024-02-08 01:12

Ford Motor Co.’s stock rose 3% Wednesday after an upbeat earnings report that also spurred buying of its outstanding bonds and helped spreads tighten over U.S. Treasurys.The car company’s F, +3.98% fourth-quarter revenue topped consensus estimates, it announced a next-generation, smaller EV to rival Tesla Inc.’s TSLA, +0.78% upcoming “Model 2,’ and it unveiled a special dividend along with plans for $2 billion in cost cuts this year.The year 2023 was “solid,” but Ford is nowhere near done, Chief Executive J ...