Ford Motor Company (NYSE:F) shares are trading lower by 4.59% at $12.26. An earlier report indicated the German court has banned the company from producing and selling cars inside German borders.
In an exclusive to Benzinga, a Ford spokesperson tells Benzinga the case in German court banning production and sale of Ford autos is "about licensing frameworks for wireless standard-essential patents." The Ford spokesperson also told Benzinga talks with German authorities related to production and sales ban are ongoing.
Ford is also trading lower by 23.93% over the trailing month as investors digest the latest U.S. inflation data, which came in higher-than-expected. Anticipation of further Fed policy tightening has also continued to weigh on stocks across sectors.
See Also: Why Palo Alto Networks Stock Is Moving Higher
Ford manufactures automobiles under its Ford and Lincoln brands,
According to data from Benzinga Pro, Ford has a 52-week high of $25.87 and a 52-week low of $11.85.
