I am a journalist based in Detroit, having spent almost my entire career writing about business and economic subjects for The Wall Street Journal, New York Times, Detroit Free Press and Bloomberg. I'm the author of two books and am an acknowledged expert on the world automotive industry.Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receivin ...

Core Insights - General Motors (GM) outperformed Ford in 2025, achieving its highest market share in a decade at approximately 17%, while Ford ended the year with a market share of 13.2% [3][8] - Both companies are facing challenges in electric vehicle (EV) demand and high tariffs, but they continue to invest in innovation and technology [2][6] - GM's software and services business is becoming a significant profit driver, with deferred revenues expected to reach $7.5 billion by the end of 2026, a nearly 40% increase from 2025 [4] - Ford's focus on affordable EVs and its Ford Pro and Energy platforms positions it for diversified growth, with a projected EBIT of $8-$10 billion in 2026 [7][9] General Motors (GM) Summary - GM expects North America EBIT margins to improve to 8-10% in 2026, up from 6.8% in 2025, driven by lower costs and a stronger product mix [3] - The company repurchased $6 billion in shares and paid over $500 million in dividends in 2025, with a new $6 billion buyback program approved [5] - GM incurred $7.6 billion in EV-related charges in 2025 due to weaker demand and tax incentive changes, with expectations of smaller charges in 2026 [6] Ford Summary - Ford's Ford Pro division saw a 30% growth in paid software subscriptions in 2025, and the company plans a $1.5 billion investment in its Energy platform [9] - The company anticipates a significant reduction in tariff costs to about $1 billion in 2026, easing some financial pressure [11] - Ford's high dividend yield of over 4% is attractive for income-focused investors, and the company is restructuring its EV business to focus on affordability [10] 2026 Outlook: GM vs. Ford - GM projects adjusted EBIT of $13-$15 billion in 2026, with automotive operating cash flow expected to rise to $19-$23 billion [13] - Ford expects adjusted EBIT of $8-$10 billion, with free cash flow improving to $5-$6 billion [12] - Both companies are seen as investor-friendly, with GM focusing on buybacks and dividends, while Ford emphasizes high-yield payouts and disciplined capital allocation [20] Valuation Perspective - Ford currently appears more attractive from a valuation standpoint, particularly on a price-to-sales basis, suggesting potential upside for investors [17] - Consensus estimates favor Ford, projecting stronger year-over-year earnings growth for both the current and next fiscal year [21]

当地时间2月10日，福特汽车发布2025年第四季度及全年财务报告。核心数据显示，2025年，福特汽车 营收实现连续五年正增长，展现出一定的经营韧性，但受大额特殊项目费用计提及外部突发成本冲击， 全年业绩由盈转亏，三大核心业务板块呈现显著差异化发展态势。 具体来看，福特2025年营收1873亿美元，同比增长1%。这一成绩得益于公司产品结构优化与定价策略 调整，尤其是高附加值车型的持续贡献。 调整后的自由现金流预计为 50亿至60亿美元 (含资本支出约 95-105亿美元) 不过，从销量层面来看，福特全球批发销量约439.5万辆，同比下滑2%。与此同时，福特在盈利端面临 显著压力，全年净亏损约82亿美元。作为对比，福特2024年的净利润为59亿美元。 439.5万辆 全年销量 近 290亿美元 现金 资产负债表 500亿美元 流动性 保持强劲 2026年业绩指引 全年调整后息税前利润将介于 80亿 室 100亿美元 之间 若剔除特殊项目影响，福特2025年调整后息税前利润为68亿美元，同比下滑3.5%，调整后息税前利润 率3.6%，整体盈利质量较上年有所下降，主要受供应链成本波动及战略调整投入影响。值得注意的 是 ...

Core Viewpoint - Ferrari is highlighted as a compelling investment opportunity in the automotive sector, with significant growth potential and strong financial metrics, especially in comparison to competitors like Tesla and Ford [2][10]. Company Performance - Ferrari's stock has increased over tenfold in the past decade, with a current trading price of $366.93, which is 28% below its peak [1][7]. - The company reported a year-over-year revenue gain of 7% in 2025, selling only 13,640 cars, reflecting a strategy to maintain brand exclusivity [5]. - Ferrari achieved an impressive operating margin of 29.5% and a 50% increase in free cash flow in 2025, showcasing its strong profitability [5][6]. Market Position - The company operates at the intersection of automotive and luxury branding, benefiting from significant pricing power, as evidenced by the introduction of its first electric vehicle, the Luce, priced around $500,000 [4][6]. - Ferrari's target market consists of extremely wealthy customers, providing a stable demand that is less affected by economic fluctuations [9]. Financial Metrics - Ferrari's diluted earnings per share have grown at a compound annual rate of 20.7% over the past three years, with expectations of continued high-teens growth over the next five years [8]. - The stock is currently trading at a price-to-earnings ratio of 37.1, which is considered attractive given its historical valuation [9]. Investment Outlook - The company is positioned to outperform the S&P 500 index over the next five years, making it a favorable option for investors looking to capitalize on the automotive sector [2].

Ford Motor Co. (NYSE:F) CEO Jim Farley has touted the automaker's Universal EV Platform as the crucial element to offset and beat Chinese automakers' increasing dominance in the global automotive industry. Ford's Push For Offsetting China In a post on the social media platform X on Tuesday, the CEO hailed the Universal EV Platform as "one of the most audacious and important projects" in the automaker's history. He also shared that Ford's work on the UEV platform was an illustration of American innovation. ...

Core Viewpoint - Ford Motor Company has underperformed in the market over the past five years, with a total return of 63%, lagging behind the S&P 500's 87% return [2] Positive Developments - Ford maintains its leadership in the pickup truck market, with the F-Series being the best-selling vehicle in America for 44 consecutive years, providing pricing power and high margins [3] - The Ford Pro segment, which sells cars, software, and services to commercial and government customers, has shown better growth and profitability than the overall business, contributing to a recurring revenue stream [4] - Ford has generated positive free cash flow in most years over the past five years, supporting its ongoing dividend, which currently yields 4.25% [4] Negative Developments - The electric vehicle segment, Model E, has faced significant challenges, including billions in operating losses and a shift in focus towards lower-priced EV models and hybrids, culminating in a $19.5 billion charge reported in December [5] - Quality issues have been a persistent problem, with 152 recalls last year and elevated warranty costs impacting the company's financials [6] - Changing trade policies have negatively affected Ford, with tariffs resulting in a $2 billion impact in 2025, which is expected to continue pressuring earnings [6] Future Outlook - The trend of Ford shares underperforming the market is expected to continue, with limited revenue and profit growth anticipated in the long run due to the nature of being a mass-market car manufacturer [8]

2026年首月，国内皮卡在时隔近一年后重新实现同比正增长。尽管受市场透支及新能源购置税政策调整等因素影响，市场整体环比下 滑，但品牌竞争格局也呈现出新的变化。 | | 026EE | | | --- | --- | --- | | | 卡终端销量排行 | | | 排名 | 品牌 | 销量(辆) | | 01 | 长城 | 9185 | | 02 | 江铃 | 3097 | | 03 | 郑州日产 | 2989 | | 04 | 江西五十铃 | 1355 | | 05 | 江淮 | 829 | | 06 | 福田 | 742 | 具体请看第一商用车网带来的最新报道。 1月皮卡实销20814辆 同比增长3.33% 根据第一商用车网最新统计， 2026年1月，国内皮卡市场共计销售20814辆 （数据来源为交强险实销口径，不含专用类皮卡车型和出 口，下同），环比12月下滑18.56%，同比2025年1月增长3.33%，时隔近一年再次实现了同比正增长（上次同比增长为2025年2 月）。 从燃料类型来看，2026年1月份，国内柴油皮卡销量为14001辆，环比下滑12.82%,同比下降4.71%；纯电动皮卡销量为1295辆 ...

The Interdisciplinary UG programme integrates business decision-making with data science to prepare future-ready professionals & offers flexible, accessible IIT-quality educationIndian Institute of Technology Madras (IIT Madras) on Saturday launched a new Bachelor of Science (BS) in Management and Data Science, an interdisciplinary undergraduate programme offered by the Department of Management Studies (DoMS), IIT Madras. This is designed to equip learners with expertise in business decision-making, quantit ...

The Supreme Court on Friday struck down a crucial batch of President Trump’s tariffs – but there are still plenty of high levies on certain industries that will stay in place.Tariffs imposed under the International Emergency Economic Powers Act (IEEPA) to crack down on trade imbalances and fentanyl smuggling surpassed Trump’s presidential authority, the Supreme Court ruled in a 6-3 decision.The ruling does not, however, discard tariffs enacted by the Trump administration using Section 232 of the Trade Expan ...

Market Overview - Wall Street began 2026 positively after a significant bull run over the past three years, but U.S. stock markets experienced fluctuations in February due to concerns regarding artificial intelligence (AI) trade [1] - Investors are moving away from tech stocks amid growing worries about the downsides of AI stocks, leading to a continued selloff as fears increase about the potential of AI stocks compared to the substantial investments in the sector [1] Investment Strategy - It is advisable to invest in high dividend-paying corporate giants, which typically possess strong financial positions, robust business models, and globally recognized brand value, providing a steady income stream during market fluctuations [2] Stock Recommendations - Five stocks with a top Zacks Rank are identified as strong investment opportunities: - AngloGold Ashanti plc (AU) - Ford Motor Co. (F) - The Hershey Co. (HSY) - Rio Tinto Group (RIO) - BHP Group Ltd. (BHP) - Each of these stocks currently holds a Zacks Rank 1 (Strong Buy) [3] Company Profiles AngloGold Ashanti plc (AU) - Operates as a gold mining company with a focus on Africa, Australia, and the Americas, primarily exploring for gold and producing silver and sulphuric acid as by-products [6] - Expected revenue and earnings growth rates for the current year are 22.5% and 52.9%, respectively, with a 10% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [7] - Current dividend yield stands at 3.36% [7] Ford Motor Co. (F) - Generated $187 billion in revenues in 2025, marking its fifth consecutive year of revenue growth, with the Ford Pro unit being a key growth driver [8][9] - Expected revenue and earnings growth rates for the current year are 0.3% and 39.5%, respectively, with a 3.4% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [11] - Current dividend yield is 4.33% [11] The Hershey Co. (HSY) - Focused on innovation, supply-chain agility, and commercial execution, expanding its presence in the snacking category [12] - Expected revenue and earnings growth rates for the current year are 4.4% and 27.1%, respectively, with a 15.9% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [14] - Current dividend yield is 2.62% [14] Rio Tinto Group (RIO) - An international mining company with interests in various minerals, including aluminum, copper, and iron ore, with operations in multiple countries [15] - Expected revenue and earnings growth rates for the current year are 10% and 19%, respectively, with a 9% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [16] - Current dividend yield is 2.98% [16] BHP Group Ltd. (BHP) - Experienced a 1% dip in iron ore output, while copper production increased by 4% in the first quarter of fiscal 2026, projecting iron ore production of 258-269 million tons for fiscal 2026 [17][9] - Expected revenue and earnings growth rates for the current year are -4.1% and 29.1%, respectively, with a 0.4% improvement in the Zacks Consensus Estimate for earnings over the last seven days [19] - Current dividend yield is 3.18% [19]