Shares of Ford Motor Company (NYSE:F) ended Monday session at $12.11 with 41.18 million shares getting traded. Post opening the session at $12.12, the shares hit an intraday low of $12.06 and an intraday high of $12.33 and the price vacillated in this range throughout the day. The company has a market cap of $48.12 billion and the numbers of outstanding shares have been calculated to be 3.90 billion shares.
On September 19, 2016 Ford, America’s truck leader, has outfitted hard-working fleets with more F-650 and F-750 trucks in the first eight months of 2016 than all year in 2015.
Sales of the all-new medium-duty Ford trucks are up 59 percent year-over-year through August, with 10,160 sold. That’s the best year-to-date sales total for Ford’s largest trucks since August 1997.
The sales growth has come quickly: The redesigned F-650 and F-750 trucks rolled off the line at Ford’s Ohio Assembly Plant near Cleveland for the first time in August 2015. Ford shifted production to Ohio from Mexico in 2015 and invested $168 million in the Ohio plant.
The F-650 and F-750 line-up includes Regular Cab, SuperCab and Crew Cab body styles, as well as straight-frame, kick-up frame Pro Loader and a new dedicated tractor model for heavy towing applications.
“We’re seeing growing interest in the new tractor from beverage and hauling fleets,” says Kevin Koester, Ford medium-duty truck and Super Duty fleet marketing manager. “Giving our customers the choice of two exclusive powertrains, available across all body styles and designed specifically for the unique needs of the vocational truck market, has really helped drive sales of our new trucks.”
Ford remains the only automaker to offer a gasoline-powered engine in the medium-duty truck segment. The 6.8-liter V10 with 320 horsepower and 460 lb.-ft. of torque is available for both F-650 and F-750 models with the heavy-duty, Ford-built TorqShift HD six-speed automatic transmission. The 6.8-liter engine can be factory-prepped for converting to compressed natural gas or liquid propane gas as cost-effective alternatives to gasoline.
Ford is the only medium-duty truck manufacturer that designs and builds its own diesel engine and transmission combination – ensuring the powertrain will work seamlessly with all chassis components and vehicle calibrations, and providing customers with streamlined service. The Ford 6.7-liter Power Stroke® V8 turbo diesel engine delivers best-in-class standard 270 horsepower and 675 lb.-ft. of torque, plus available engine outputs of 300 horsepower with 700 lb.-ft. of torque and 330 horsepower with 725 lb.-ft. of torque. It is backed by an unsurpassed five-year/250,000-mile warranty.
“Towing and rental customers have embraced the gas engine, and others are looking at this powertrain for more severe service applications,” Koester says. “Our diesel customers are praising the quietness of the 6.7-liter Power Stroke® diesel engine. Not only is it up to 45 percent quieter in the cabin at idle than the outgoing model, it’s so quiet that customers have told us that there have been times when they’ve approached the truck in front of the grille and didn’t even realize it was running.”
Shares of Nike Inc (NYSE:NKE) ended Monday session in red amid volatile trading. The shares closed down -0.23 points or 0.42% at $54.95 with 7.67 million shares getting traded. Post opening the session at $55.38, the shares hit an intraday low of $54.93 and an intraday high of $55.47 and the price vacillated in this range throughout the day. The company has a market cap of $91.72 billion and the numbers of outstanding shares have been calculated to be 1.35 billion shares.
Nike Inc (NKE) announced that it plans to release its first quarter fiscal 2017 financial results on Tuesday, September 27, 2016, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results.
The conference call will be broadcast live over the Internet and can be accessed at http://investors.nike.com. For those unable to listen to the live broadcast, an archived version will be available at the same location through 9:00 p.m. PT, October 4, 2016.