Reported about 11 hours ago
Ford's stock surged nearly 9% following news that the Novelis aluminum plant, which suffered a significant fire, will reopen sooner than expected. The automaker reported better-than-expected third-quarter results but reduced its full-year earnings guidance due to the incident, projecting a $1.5 billion to $2.0 billion EBIT impact for 2025. Despite this, Ford anticipates recouping some losses and plans to ramp up F-150 production significantly in 2026.
Source: YAHOO