Ford Motor Co (NYSE:F) expects to take a roughly $350 million pre-tax charge in the first quarter, due to currency changes in Venezuela affecting the U.S. automaker’s subsidiary in the South American country, Ford said on Tuesday. Ford Motor Company (NYSE:F) shares after opening at $15.67 moved to $16.45 on last trade day and at the end of the day closed at $16.32. Company price to sales ratio in past twelve months was calculated as 0.44 and price to cash ratio as 4.45. Ford Motor Company (NYSE:F) showed a positive weekly performance of 6.46%.
General Motors Company (NYSE:GM) came under harsh criticism on Capitol Hill Tuesday as CEO Mary Barra went before members of Congress investigating a botched GM recall. General Motors Company (NYSE:GM) shares fell -0.23% in last trading session and ended the day on $34.34. GM return on equity ratio is recorded as 24.60% and its return on assets is 4.70%. General Motors Company (NYSE:GM) yearly performance is 24.06%.
Nokia Corporation (ADR) (NYSE:NOK) was gaining 3.1% on Tuesday on news that CaixaBank chose the smartphone maker as the preferred provider of employee phones the day before it will discuss the future of the Lumia brand. Nokia Corporation (ADR) (NYSE:NOK) shares moved up 2.86% in last trading session and was closed at $7.55, while trading in range of $7.45 – $7.64. Nokia Corporation (ADR) (NYSE:NOK) year to date (YTD) performance is -6.91%.
Zacks lowered shares of Cliffs Natural Resources (NYSE:CLF) from an outperform rating to a neutral rating in a research report released on Tuesday morning, ARN reports. Zacks currently has $21.00 price objective on the stock. Cliffs Natural Resources Inc. (NYSE:CLF) weekly performance is 1.93%. On last trading day company shares ended up $20.04. Cliffs Natural Resources Inc. (NYSE:CLF) distance from 50-day simple moving average (SMA50) is 0.40%. Analysts mean target price for the company is $21.71.