Celestica Inc
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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Value
Based in Canada
Company profile

Celestica Inc. is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services. Its products and services serve a range of applications, including servers; storage systems; optical equipment; aerospace and defense electronics; healthcare products and applications; semiconductor equipment, and a range of industrial and alternative energy products, including solar panels and inverters. It designs, manufactures and tests solar panels for the residential, commercial and utility scale markets. It uses technologies in the assembly and testing of its products.

Closing Price
Day's Change
-0.16 (-1.85%)
B/A Size
Day's High
Day's Low
(Above Average)

10-day average volume:

UPDATE: Ford Q4 sales fall as new F-150 hit by pandemic-related delays

12:43 pm ET January 6, 2021 (MarketWatch)

By Claudia Assis

Ford's total U.S. sales fall nearly 10%

Ford Motor Co.'s sales dropped nearly 3% in the fourth quarter as sales of the star F-150 were hit by pandemic-related stoppages leading up to the release of the pickup truck's newest version, the auto maker said Wednesday.

Ford's (F) total sales reached about 4.3 million vehicles in the quarter, a decline of 2.8% over the fourth quarter of 2019, the company said.

Total vehicle sales in the U.S. fell nearly 10% to 542,749 units, with sales of trucks down more than 12% and SUV sales up 4%.

Sales of Ford's all-new 2021 F-150, the best-selling vehicle in the U.S. for decades, began in December.

"Ford sales were impacted by lower F-150 inventories from the lingering effects of the Q2 coronavirus production stoppage leading up to the all-new F-150 transition," the company said.

Sales of the Ford Super Duty pickup truck kept "a strong selling pace" and were up 14.1%, while sales of the F-150 were off nearly 33%, the auto maker said.

Ford called the quarter an "inflection point" as its sedan sales in the U.S. wind down and sales of newly redesigned pickup trucks and SUVs take off.

Several auto makers were expected to post significant declines for last year, (https://www.marketwatch.com/story/auto-sales-expected-to-hit-near-decade-low-2021-01-05) halting a five-period in which U.S. sales surpassed 17 million vehicles annually.

General Motors Co. (GM) on Tuesday reported rising fourth-quarter total sales, but sales were down 12% in 2020.

See also:GM sales drop for the year, but bounced back to pre-pandemic levels in Q4 (https://www.marketwatch.com/story/gm-sales-drop-for-the-year-but-bounced-back-to-pre-pandemic-levels-in-q4-11609863981)

Tesla Inc. (TSLA)reported Saturday that it produced more than half a million vehicles in 2020, delivering 499,550 of these in the year, in line with the auto maker's pre-pandemic guidance. (https://www.marketwatch.com/story/tesla-and-other-ev-makers-report-record-sales-sending-stocks-to-new-highs-11609781384)

Shares of Ford have lost nearly 4% in the past 12 months, contrasting with gains of around 16% for the S&P 500 index.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

January 06, 2021 12:43 ET (17:43 GMT)

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