Ford started producing its electrified vehicle Ford Puma at its Craiova manufacturing site in Romania. The new Puma is a mild hybrid and SUV-inspired crossover.
Ford stock has fallen 8.0% in August due to lower earnings and the crashing equity market. Ford’s second-quarter EPS at $0.27 missed analysts' estimate.
Ford Motor Company (F) has slumped 7.7% since its second-quarter earnings release on July 24. Its peers have fallen in the same period.