Ford Motor Company (F) Will Extend A Tax Cut On Small Engine Cars Set To Expire At Year’s End in China

Ford Motor Company (NYSE:F) [Trend Analysis] climbed reacts as active mover, shares an advance 3.98% to traded at $13.06 and the percentage gap between open changing to regular change was 0.24%. Ford Motor Co (F) anticipates China to wait until the last possible moment to announce whether it will extend a tax cut on small engine cars set to expire at year’s end and is making contingency plans for various outcomes, an executive said on Wednesday. China’s auto industry association, executives and analysts have warned of a potentially steep drop off in sales growth next year if the policy, which halves the purchase tax on cars with engines of 1.6 litres or below, expires as planned at the end of 2016.

A government official said in October that the country is considering extending the tax, originally instituted in late 2015 to stimulate the market as vehicle sales flat lined amid a weakening economy. The firm’s current ratio calculated as 1.20 for the most recent quarter. The firm past twelve months price to sales ratio was 0.34 and price to cash ratio remained 1.54. As far as the returns are concern, the return on equity was recorded as 26.60% and return on investment was 3.00% while its return on asset stayed at 3.40%. The firm has total debt to equity ratio measured as 4.36.

Crescent Point Energy Corp. (NYSE:CPG) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.68% to $13.30. Crescent Point Energy Corp. (NYSE:CPG) released a $1.45B capital expenditures budget for 2017. This budget is expected to generate a 2017 exit production rate of approximately 183,000 boe/d, or exit to exit growth of approximately 16,000 boe/d. This represents production growth of approximately 10 percent on both an absolute and per share basis.

“We’ve had a very successful 2016 operationally and are ahead of our budgeted December exit production of approximately 167,000 boe/d,” said Scott Saxberg, president and CEO of Crescent Point. “We also increased our drilling inventory this year by approximately 1,000 new internally identified drilling locations, which was supported by our new play development program. This more than replaces our 2016 drilling program and provides us with over 12 years of drilling inventory to continue our long-term growth.” The share price of CPG attracts active investors, as stock price of week volatility recorded 3.77%. The stock is going forward to its 52-week low with 71.37% and lagging behind from its 52-week high price with -29.82%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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