Why Shares of Ford Motor Are Falling Again Today
Shares of Ford Motor (NYSE: F) were falling on Monday, down about 5.1% as of 11:30 a.m. EDT, after the company said that it will close more factories and an influential analyst cut his price target for the automaker.
Ford said on Monday that it has shut down its factories in India, South Africa, Thailand, and Vietnam as the coronavirus pandemic intensifies in those regions.
Ford's factory in Silverton, South Africa, joined a long list of idled Ford plants this morning. Image source: Ford Motor.
Source Fool.com
