Greenhui, September 10 | Ford Motor Company (F.US) fell more than 3.6% to $10.27; General Motors (GM.US) fell more than 4.5% to $45.26. According to the news, Wells Fargo cut the target prices for Ford and GM by $1 to $9 and $33, respectively. The bank expects vehicle production by the three major Detroit automakers to drop 2% in 2025 compared to 2024, and continues to face adverse factors in pricing, electric vehicles, and regulations. Asian automakers such as Toyota and Hyundai have launched new SUVs, threatening the position of Detroit's top three automakers in this market segment.
美股异动丨福特跌超3.6% 通用汽车跌超4.5% 富国银行下调目标价并预计明年产量将下降
U.S. stock market moves| Ford fell more than 3.6%, general motors fell more than 4.5%, wells fargo & co lowered its target price and expects production to decline next year.
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