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Ford Wins As Electrification Stalls
Tomwang112 We previously covered Ford Motor (NYSE:F) in December 2023, discussing its uncertain prospects then, attributed to the reduced EV productions through 2024 and the intensified competition from multiple legacy/ start up automakers. With the moderated EV cash burn negated by the impact of $8.8B in profit headwinds through 2028 from the UAW contracts, we had preferred to prudently reiterate our Hold rating then. In this article, we shall discuss why we are cautiously upgrading the F stock to a Bu ...