Ford Motor (F) call put ratio 2.5 calls to 1 put amid price movement
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Rivian (RIVN) to cut jobs by 6% amidst price war
February 1, 2023 11:56 AM ESTReuters reports in an exclusive story Wednesday that Rivian Automotive (NASDAQ: RIVN) is laying off 6% of its workforce in an effort to cut costs. The American EV maker, already grappling with falling cash reserves and a weak economy, is now bracing for what may be an industry-wide price war.
The falling EV prices were kicked off by cuts made recently by Elon Musk-led Tesla and Ford... More
Warren Buffet backed EV maker BYD in talks to acquire insurer Yi'an
January 31, 2023 11:59 AM ESTBYD, the Chinese electric vehicle company in China, announced on Tuesday that the Warren Buffet backed automaker is working on a potential acquisition of Yi'an P&C Insurance Co, an insurer that was seized by Chinese regulators two years ago as part of a crackdown on financial... More
Ford to cut prices while 'significantly' increasing Mach-E production amid Tesla cuts
January 30, 2023 8:53 AM EST(Updated - January 30, 2023 9:06 AM EST)
Ford (NYSE: F) announced Monday morning that the American vehicle maker will significantly increase production of their Mustang Mach-E this year to help reduce customer wait times. The company also announced that they will be taking advantage of the streamlined costs to reduce prices across the board.
The Mustang Mach-E was the #3 EV model in the U.S. in 2022. The... More
