Morgan Stanley downgrades Ford along with says dividend at risk

Shares of Ford fell about 2 percent in early trading Friday, at around $8.34 a share.

Ford’s recently announced $11 billion restructuring plan is actually a “crucial step” for the company, although the item hasn’t provided enough detail on how that will money will be spent, Jonas said. Its share cost has fallen more than 30 percent that will year.

The company also canceled its investor day in September, which worries Jonas.

“We had hopes that will Ford management might move the additional way with transparency along with increase engagement with investors on long-term strategy in a more proactive way, which is actually especially important during uncertain ‘shoulder periods’ of the cycle,” Jonas said.

The company hasn’t provided enough details on the automaker’s plan to invest in autonomous driving along with additional future technology either, he said. the item appears to be behind competitors, such as larger rival General Motors, which has attracted outside investments in its Cruise Automation unit.

Japanese conglomerate SoftBank along with automaker Honda recently made investments in GM Cruise, which is actually developing autonomous driving technology for the automaker. Morgan Stanley values GM Cruise at $11.5 billion, more than 10 times what the item values Argo AI, an autonomous driving research company Ford has taken a significant stake in.

Despite all that will, Jonas says CEO Jim Hackett is actually a visionary leader, who thinks unconventionally along with is actually taking a long-term approach to managing the business.

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