Ford Motor Co (NYSE:F) shares are trading lower by 2.07% to $9.695 during Friday's session. The stock has been volatile this week following the announcement of a 25% tariff on imported vehicles and parts, as analysts warned of significant cost increases and potential demand declines.Additionally, JPMorgan's Ryan Brinkman this week cut Ford's price target by 15% to $11 from $13, citing heightened earnings risk. Major indexes are also lower following a greater-than-expected rise in the PCE price index in February while personal spending missed estimates.What To Know: While Ford manufactures many of its vehicles in the U.S., its supply chain remains deeply intertwined with global markets. Roughly 50% of components in U.S.-built cars are imported, meaning the new tariffs could add $3,000 to $8,000 ...Full story available on Benzinga.com
Ford is a Michigan-based multinational automobile company that manufactures and supplies vehicles such as cars, trucks and vans for individuals and businesses.