What Sent Ford Spiraling 18% in 2024?
Ford Motor Company (NYSE: F) and General Motors have long been rivals, so much so that when one coughs the other generally sneezes, and vice versa. But 2024 was different for the Detroit automakers as Ford's stock sank 18% while GM's jumped 48%, according to data provided by S&P Global Market Intelligence. The question is: What sent Ford spiraling while its rival thrived?
Looking at the graphic below, investors can easily pinpoint when things went wrong for the automaker.
While rival GM was beating estimates and raising guidance multiple times in 2024, Ford struggled. The problem has been Ford's production and/or design quality. The Detroit icon has led the U.S. industry in recalls for three consecutive years, and may lead for a fourth year when the data for 2024 is official.
Source Fool.com
General Motors Corp Stock
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