Former Ford CEO Sees A Bright Electric Future For Established Automakers, Says They Are 'Well Positioned To Ride Out The Transition'
Former Ford CEO Sees A Bright Electric Future For Established Automakers, Says They Are 'Well Positioned To Ride Out The Transition'
The ex-chief of Ford Motor Company (NYSE:F), Mark Fields, recently highlighted the strength of established automakers in the shift to electric vehicles.
What Happened: On a Thursday, Mark Fields, the former CEO of Ford, expressed his views on the current state of the automotive industry during CNBC's "Last Call". He emphasized that traditional automakers are well-equipped to navigate the transition to electric vehicles (EVs). His comments come as Detroit's Big Three—Ford, General Motors Company (NYSE:GM), and Stellantis (NYSE:STLA)—have seen significant gains six months following the United Auto Workers (UAW) strike.
"The market is waking up to the fact that the established automakers are pretty well positioned to ride out the transition to EVs over time," he said.
He added that the automakers' stronghold in the internal combustion (ICE) vehicle business, combined with a large installed base, is helping them gain investors' trust despite high labour costs.
Why It Matters: The automotive industry is pivotal, with EV adoption accelerating and companies facing various challenges. President Joe Biden's administration has implemented stringent emissions standards, pushing automakers toward a more rapid transition to EVs. While EV manufacturers have met this with enthusiasm, the UAW has expressed concerns about job protection.
However, a recent analysis by Bernstein highlighted concerns about demand in key markets and slower EV adoption rates. Tesla Inc. (NASDAQ:TSLA) is encountering market and production hurdles, leading to lowered earnings predictions and a bearish sentiment among investors.
Additionally, supply chain issues continue to loom over the industry, with a recent bridge collapse at the Port of Baltimore affecting shipping routes. While Ford and GM anticipate minimal impact, the full effect on the auto business, including Tesla's European exports, remains uncertain.
As traditional automakers like Ford, GM, and Stellantis adapt to these challenges, their stock performance reflects investor confidence. GM, Stellantis and Ford saw their shares rise, closing at $44.59, $28.99 and $13.06, respectively, suggesting market optimism in their ability to weather the EV transition.
Images via Shutterstock
福特汽車公司(紐約證券交易所代碼:F)前首席執行官馬克·菲爾茲最近強調了知名汽車製造商在向電動汽車轉型方面的實力。
發生了什麼:週四,福特前首席執行官馬克·菲爾茲在CNBC的 “最後一次通話” 中表達了他對汽車行業現狀的看法。他強調說,傳統汽車製造商完全有能力駕馭向電動汽車(EV)的過渡。他發表評論之際,底特律的三巨頭——福特、通用汽車公司(紐約證券交易所代碼:GM)和Stellantis(紐約證券交易所代碼:STLA)——在美國汽車工人聯合會(UAW)罷工六個月後取得了顯著的收益。
他說:“市場正在意識到這樣一個事實,即老牌汽車製造商完全有能力隨着時間的推移向電動汽車的過渡。”
他補充說,儘管勞動力成本很高,但汽車製造商在內燃機(ICE)汽車業務中的據點,加上龐大的裝機群,正在幫助他們獲得投資者的信任。
爲何重要:汽車行業至關重要,電動汽車的採用正在加速,公司面臨着各種挑戰。喬·拜登總統的政府實施了嚴格的排放標準,推動汽車製造商更快地過渡到電動汽車。儘管電動汽車製造商對此充滿熱情,但UAW對工作保護表示擔憂。
但是,伯恩斯坦最近的一項分析凸顯了對關鍵市場需求和電動汽車採用率放緩的擔憂。特斯拉公司(納斯達克股票代碼:TSLA)遇到了市場和生產障礙,導致收益預測下調,投資者情緒看跌。
此外,供應鏈問題繼續籠罩着整個行業,巴爾的摩港最近發生的橋樑倒塌影響了航線。儘管福特和通用汽車預計影響微乎其微,但對汽車業務的全面影響,包括特斯拉的歐洲出口,仍不確定。
隨着福特、通用汽車和Stellantis等傳統汽車製造商適應這些挑戰,他們的股票表現反映了投資者的信心。通用汽車、Stellantis和福特股價上漲,分別收於44.59美元、28.99美元和13.06美元,這表明市場對他們抵禦電動汽車轉型的能力持樂觀態度。
圖片來自 Shutterstock
譯文內容由第三人軟體翻譯。
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