NEW YORK, NY / ACCESSWIRE / January 26, 2018 / Ford shares dropped on Thursday on weak guidance and mixed Q4 results. This week General Motors has been revealed to be in a lawsuit with a motorcyclist who alleges he was injured in an accident caused by a Cruise Automation Chevrolet Bolt last month.

RDI Initiates Coverage on:

Ford Motor Company
http://www.rdinvesting.com/report/?ticker=F

General Motors Company
http://www.rdinvesting.com/report/?ticker=GM

Ford Motor Company shares closed down 3.98% on almost 115 million shares traded on Thursday. Trading volume was significant for the automaker's stock with volume over three times higher than usual. The stock dropped adding to its losses already this month after the company reported mixed earnings results for the fourth quarter and weak guidance. Ford reported EPS of 39 cents on revenue of $41.3 billion. Analysts had been expecting 43 cents EPS on $37 billion in revenue. Looking ahead, for full year 2018, the company expects EPS of $1.45 to $1.70, while analysts were waiting for $1.63. Morgan Stanley has reiterated an "underweight" rating on the stock. In other news the company also revealed that it would be buying Autonomic Inc., a startup company that develops a software for Ford to provide urban transit services to consumers and businesses.

Access RDI's Ford Motor Company Research Report at:
http://www.rdinvesting.com/report/?ticker=F

General Motors Company shares closed down 2.26% yesterday on almost 11.4 million shares traded. There was no major news from the company yesterday to explain the move but earlier in the week a lawsuit against the company was revealed. A motorcyclist that was involved in a crash in December in San Francisco with a Cruise Automation self-driving vehicle filed a law suit against the company's parent and General Motors as it is the maker of the vehicle. According to the Mercury News, Oscar Nilsson was injured while driving behind a Cruise Automation Chevrolet Bolt. According to Nilsson there was someone in the driver's seat but they did not have their hands on the wheel and when it began to change to the left lane it suddenly returned back to its initial lane and collided with him. Mercury News reported that he was forced to take disability leave from work. The DMV report however said differently and according to a file by GM, "the motorcyclist merged into our lane before it was safe to do so." A company spokesperson said to The Verge, "At Cruise, we test our self-driving cars in challenging and unpredictable environments precisely because by doing so we will get better, safer AV technology on the roads sooner. In this case the motorcyclist merged into our lane before it was safe to do so.?

Access RDI's General Motors Company Research Report at:
http://www.rdinvesting.com/report/?ticker=GM

Our Actionable Research on Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) can be downloaded free of charge at Research Driven Investing.

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