Where Will Ford Stock Be in 5 Years?
Automakers are in the midst of a transformational period as they rev up their transition to electric vehicle making. Among the contenders in this fierce competition is Ford Motor Company (NYSE: F). Its shares have sputtered a bit in the past five years, up by only 45% versus the S 500's 53% gain over the same period.
But the legacy automaker hopes to turn over a new leaf by transitioning to electric vehicles (EVs). Let's explore how this transformation could play out over the next five years.
After nearly collapsing in the Great Recession and financial crisis in 2008, the U.S. auto industry has sought to reinvent itself. And while Ford held up better than its peers, like General Motors (which went bankrupt in 2009) and Chrysler (now part of Stellantis), it emerged from the crisis with a sprawling and inefficient business model that struggled to translate its vast sales into consistent profits. In 2018, management embarked on a massive global restructuring to help fix this problem.
Source Fool.com
