Ford Motor Company (NYSE:F) has sacked more than 200 workers at its Victorian plants after a decline in car sales and cuts to production. The Geelong and Broadmeadows plants were close for the day on Friday as 212 shocked employees were told during one-on-one meetings they would be going home without a job. One sacked assembly plant worker who had been at Ford for more than a decade said it was not fair to be let go with no reason given.
Earlier in July, the carmaker had declared plan to reduce 440 jobs at the two plants by November. Even after steps like redeployment, in-house transfers and 118 voluntary redundancies there appeared a 212 jobs cut. Ford Australia president and chief executive Bob Graziano said it was a not an easy day for all Ford Motor (F) workers.
Shares of Ford Motor Company (NYSE:F) traded down -0.94% during trading yesterday, hitting $10.57. The stock has a 52 week low of $8.82 and a 52 week high of $13.05. The company has a market cap of $40.30 billion and a P/E ratio of 2.39. The P/S ratio is 0.30 and P/B ratio 2.15. Dividend yield stands at 1.89 percent. The beta value is 2.28. Ford Motor’s RSI amounts to 47.47.
Toyota Motor Corporation (ADR) (NYSE:TM) has a market value of $127.08 billion. It employs 325,905 people, over the last 12 months has generated revenue of $270.24 billion and has a net income of $9.44 billion. The firm’s operating margin is 5.04 percent and net profit margin 2.92 percent. The latest closing price of its shares moved up 1.73% from the 50-day moving average.
For Honda Motor Co Ltd (ADR) (NYSE:HMC), a return on equity of 7.67 percent was realized due to the financial situation. Last twelve months earnings per share reached a value of $2.33. Last fiscal year, $0.49 has been paid in form of dividends to investors. Earnings are projected to move up 31.90 percent for the coming five years. The stock closed at $30.91, up 1.55 points or 5.28% from previous close and at a distance of -0.16% from 20-day simple moving average.
In the last trading session, General Motors Company (NYSE:GM)’s price moved 3.38% above its 200 day moving average, changing hands as low as $23.54 per share. The stock is currently trading -1.26% down its SMA 50. The worst hit in its 52 week range is $18.72 per share, with $27.68 being the 52 week best price, which compares with a latest closing price of $23.88.