Ford Fusion Tops Safety Ratings - Analyst Blog
January 23 2013 - 10:10AM
Zacks
The National Highway Traffic Safety Administration (NHTSA) has
avowed the top vehicle safety rating on Ford Motor
Co.’s (F) 2013 Ford Fusion and Fusion Hybrid. In the New
Car Assessment Program (NCAP) testing by NHTSA, which assess
vehicle performance in frontal and side-impact crash tests and
resistance to rollover, both the gasoline-powered and hybrid
versions of Fusion obtained a five-star Overall Vehicle Score.
Recently, 2013 Fusion was also rated as the Top Safety Pick+ by the
Insurance Institute for Highway Safety (IIHS). This is the highest
rating offered by IIHS for vehicle safety.
Both versions of Fusion are equipped with personal safety system,
new safety belt technologies and airbag systems. The airbags are
specifically designed to provide added protection to the
passengers.
Recently, Toyota Motor Corp.’s (TM) best-selling
2013 Camry passenger car received a poor crash-test rating from
IIHS. However, its predecessor, 2012 Camry was chosen as a Top
Safety Pick by IIHS and received a 5-star safety rating from the
NHTSA.
Meanwhile, Honda Motor Co.’s (HMC) redesigned
Accord sedan received high marks from IIHS. Accord was among a
group of 2013 model year midsize cars tested by the insurance
industry group.
Michigan-based Ford is one of the largest automobile producers in
the world. The company operates in two segments: Automotive and
Financial services. Although the company’s primary selling ground
is the U.S.; Europe, South America and the Asia-Pacific constitute
its other major markets.
Ford posted a 17.6% rise in earnings per share to 40 cents in the
third quarter of the year from 34 cents a year ago, driven by
impressive results in its North American operation and, to some
extent, its Asian operation. With this, the company has also
surpassed the Zacks Consensus Estimate by 10 cents per share. Total
profit rose 15.6% to $1.6 billion from $1.4 billion a year ago.
However, total revenue in the quarter slid 3.0% to $32.1 billion
due to lower revenues in South America, Europe and Financial
Services operations that offset the marginal improvement in
revenues in North America and Asia. However, revenues were higher
than the Zacks Consensus Estimate of $31.0 billion for the quarter.
Currently, the company retains a Zacks Rank #3 (Hold).
Tesla Motors, Inc. (TSLA) is performing well. The
company carries a Zacks Rank #2 (Buy) stock.
FORD MOTOR CO (F): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
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