Ford Stock Rattled by Factory Fire and EV Slowdown – What Happens Next?
Ford shares closed at $11.92 Friday, recovering slightly after a 7% plunge on Oct. 7 following a fire at a key aluminum supplier’s plant that threatens F-150 production. Analysts estimate the blaze could cost Ford up to $1 billion in 2025 earnings. The company faces record recalls this year, regulatory penalties, and deepening losses in its EV division. U.S. EV sales for Ford fell 31% in Q2, prompting job cuts and delayed production targets.