Ford emphasizes ‘need to get moving'
Ford told reporters in Huntsville that Trump has done Canada a solid by forcing Canadians to look to each other for solutions to our economic challenges instead of relying upon the U.S. 'We're all standing united right now,' the Ontarian said.
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Business Insider
an hour ago
- Business Insider
Ford Stock (NYSE:F) Slides on New Sales Numbers
It is a dark day when shareholders in legacy automaker Ford (F) respond to word of improved sales with a sell-off of their own. Because even as Ford managed to bring in some substantial new sales for July, that was not enough to properly fire up shareholders. In fact, shares were down nearly 3% in Friday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The sales numbers were terrific. There really is no other way to put it. Ford sales were up around 9% higher than in July 2024, thanks mainly to the still-high popularity of gas-powered trucks and sport utility vehicles (SUVs). And the impressive July numbers added nicely to the solid numbers that have been seen throughout 2025 so far, up about 7% total. The first half of 2024 saw around 1.2 million trucks sold, while 2025's first half gave us over 1.3 million. Trucks represented about 60% of the numbers, while SUVs kicked in the remaining 40%. The biggest reason, according to Ford rep Said Deep, is that the combination of tariff panic buying and employee pricing discounts provided just the right environment for people to buy, and buy Ford. This is indeed good news, but it is also enough to make one wonder what Ford will do for an encore when the third and fourth quarters hit. We've Had This Model T Moment Before So remember yesterday, when we heard about the ' Model T Moment ' that Ford has in mind for August 11? It turns out, reports note, that this is not the first time that CEO Jim Farley has used that phrase. In fact, Ford had a 'Model T Moment' just three years ago, in 2022, when the Ford F-150 Lightning emerged. And that particular moment left some disappointed. Certainly, the electric pickup proved a welcome addition to the lineup, and a frequent buy. But it certainly was nowhere near the iconic status of the car that brought cars to everyday life. And considering that reports have already emerged to say that the newest 'Model T Moment' will be built around an electric car, some are already preparing for disappointment. Is Ford Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Hold consensus rating on F stock based on two Buys, 11 Holds and three Sells assigned in the past three months, as indicated by the graphic below. After a 10.37% rally in its share price over the past year, the average F price target of $10.18 per share implies 5.61% downside risk.
Yahoo
4 hours ago
- Yahoo
Report: Toyota Still Considering Smaller Unibody Truck for US
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Hamilton Spectator
8 hours ago
- Hamilton Spectator
St. Stephen looks to save the International Homecoming Parade
St. Stephen's portion of the International Homecoming Festival parade remains in limbo as the municipality seeks more entries as a last ditch effort to save it. According to Kevin Sumner, the Municipal District of St. Stephen's (MDSS) community services director, the registration date had passed for floats. 'We've seen, as [we did] last year, a significant decrease in the number even from last year,' he said to the council. 'We had some comments last year. There was a lot of positives about, but there were a lot of negatives about it.' The festival brings together St. Stephen and Calais – celebrating the area's unique connection between Canada and the United States, with events taking place on both sides of the border. It has gone on since 1974. 'The downside is if this doesn't happen, it's unlikely that it will be able to come back. Its almost been grandfathered in, quite a unique situation,' he said. Sumner said Michelle Vest – the town's events coordinator – and Patti Anderson have been making calls, sending out emails and posts on social media, but haven't been successful in getting the numbers needed to run the parade. 'It's completely opposite [of] the Santa parade in December,' he said. 'We're seeing 55-plus floats coming out. In summer time, people are busy.' 'It needs something and we're not seeing that right now,' he said. The council was asked to consider cancelling the parade last week at a regular council meeting ahead of an Alertable posted Saturday, asking for more entries. It said it was investigating the possibility of allowing the parade to move forward. Deputy Mayor Ghislane Wheaton said some people have felt crossing the border is too complicated and they are choosing not to be apart of the parade. 'This has happened both on the American side and this side,' she said. 'It's very sad to see it go but I think it would be very small this year.' Coun. Wade Greenlaw asked whether the request was to cancel for this year only. But Sumner said it is only for this year, but U.S. customs has told them it likely will not be allowed again if it is stopped. The Courier has reached out to the U.S. Customs and Border Agency for comment and is awaiting a response. Coun. Emily Rodas said Calais and St. Stephen have both wanted to maintain a close friendship despite the greater exterior political climate. Canada and the U.S. are ensnared in a trade-war, which continues to escalate under Donald Trump's administration. It has meant tensions between the two countries and a high numbers of Canadians choosing not to cross the border. 'For me, I think it speaks to just a larger desire to maintain a strong connection between two countries even in the face of all the hardship happening around it,' Rodas said. She said the decision feels like a devastating one, having grown up in St. Stephen. Coun. Brian Cornish said he felt he didn't want to push the button on this too soon, saying his half a century in the area has him wanting to keep all options open. 'Keep the gates open,' he said. 'Because I feel real bad about what's going on on both sides of the border.' Mayor Allan MacEachern said this might seem like it is connected to what is happening between the two neighbouring countries, but the parade has been dying out for years. 'The only way to liven it up is talk about it here tonight,' he said. 'Maybe that'll kick start some people and understand the importance of how our communities are as one. 'We don't want to lose [something] unique.' The parade is only one aspect of the International Homecoming Festival, Wheaton explained, saying the festival will be great without the parade. The Alertable message shared on Saturday comes after a vote six-to-one to reallocate resources to a street festival. 'After hearing from numerous businesses and organizations who've expressed their willingness to step up and contribute a float, the Municipal District of St. Stephen is now prepared to investigate whether municipal resources can be dedicated to moving forward with this year's parade,' it read. The parade has 12 confirmed entries with 3 floats and nine groups made up of cars, ATVs, trucks and walkers. 'Notably, half of these entries are from our friends across the border who are excited to join us in celebration,' it read. The municipality needs 12 to 15 more entries and it is encouraging business to work together in the event that putting something together in the summer season is challenging. The deadline to submit is Wednesday, Aug. 6 at noon. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
