Ford (F) halts F-150 Lightning production due to potential battery issue

Tesla's (TSLA) Model Y is sold out for the quarter in U.S.

A story by electrek.co late Wednesday reports that electric vehicle giant Tesla (NASDAQ: TSLA) has sold out the Model Y for the quarter in the United States with no more production builds until... More

White House says Tesla (TSLA) will open U.S. charging network to rivals in $7.5b federal program

UPDATE: updated for quote attribution

President Bidens administration announced Wednesday morning that Tesla (NASDAQ: TSLA) would be opening part of its U.S. charging network to electric vehicles (EVs) made by rivals as part of a $7.5 billion federal program to electrify the nation's highways. A move that could push the electric vehicle company towards becoming the universal filling... More

Ford (F) underweight at Wells Fargo following lightning production halt

Wells Fargo reiterated an Underweight rating and $10.00 price target on Ford (F) after the American automaker announced that the company will halt production and shipments of their F-150 Lightning model trucks due to a battery issue. Analyst, Colin Langan noted that, while no stop-sale has been issued yet, if... More

Ford (F) halts production and shipments of its electric F-150 Lightning due to potential battery issue - CNBC

Ford (NYSE: F) halts production and shipments of its electric F-150 Lightning due to potential battery issue - CNBC

Palantir, Coca-Cola, Occidental Petroleum rise premarket; Restaurant Brands fell

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, February 14th. Please refresh for updates.

Palantir (NYSE: PLTR) stock rose 17% after the data analytics company reported its first-ever quarterly profit, as well as a... More

U.S. CPI, BoJ Governor, Palantir, and SPR release - what's moving markets

By Peter Nurse

Investing.com -- The January U.S. CPI release is due for release later Tuesday and could determine market expectations for what the Federal Reserve plans in terms of interest rate hikes in the near future. Kazuo Ueda looks set to become the next Bank of Japan governor, while Lael Brainard heads to the White House. Wall Street is set to open just higher, while crude weakens on the planned SPR release. Here's what you need to know in financial markets on Tuesday, 14th February.

Ford to cut 3,800 jobs in Europe as automaker targets electric vehicle shift

Investing.com -- Ford Motor Company (NYSE: F) will slash 3,800 jobs in Europe over the next three years as part of a push towards producing electric vehicles on the continent, the U.S. automaker said in a statement on Tuesday.

The company added that the reductions will help "revitalize its business" in Europe and allow it... More

Soros buys Horizon Therapeutics, First Horizon, adds to Alphabet, cuts Amazon

By Daniel Shvartsman

Investing.com -- George Soros's fund Soros Fund Management opened new positions in Horizon Therapeutics (NASDAQ: HZNP) and First Horizon National Corporation (NYSE: FHN), while also nearly doubling its position in Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), and trimming its position in Amazon.com (NASDAQ: AMZN).

Soros Fund Management opened a position worth $325M in Horizon Therapeutics as of the... More

Ford to cut one in nine jobs in Europe in electric revamp

By Victoria Waldersee

BERLIN (Reuters) - Ford plans to cut one in nine jobs in Europe, axing 3,800 roles in product development and administration as part of a drive to lower costs in the region and concentrate engineering know-how in the United States, the automaker said on Tuesday

The U.S. carmaker leads the European market for commercial vans, but has struggled to make strong profits from passenger cars, and warned this month it would be "very aggressive" in reducing manufacturing and supply chain expenses this year.

CEO Jim Farley has repeatedly flagged that electric vehicle (EV)... More

Ford Chair: CEO Farley has "full court press" to fix problems

DETROIT (Reuters) - Ford Motor Co Chair Bill Ford said Monday the automaker's Chief Executive, Jim Farley, has a "full court press" on to fix operational problems that caused fourth quarter results to fall short of the company's targets.

"We probably had so much focus on the future... More

Ford (F) announces $3.5B investment to build New LFP Battery Plant in Michigan

Ford Motor Company (NYSE: F) announced today that the American automaker is investing $3.5 billion to build the countrys first automaker-backed LFP battery plant in Michigan, offering customers a second battery technology within Fords EV lineup.

The BlueOval Battery Park Michigan plant, as its being called, will initially employ 2,500 people when production of LFP batteries begins in 2026. Ford also has the option to further grow its battery capacity at its Marshall, Michigan, plant, which will be part of a wholly owned Ford subsidiary.

We are committed to... More

Ford Motor (F) Announces $3.5B Michigan LFP Battery Plant

Building on Fords (NYSE: F) commitment to American manufacturing, Ford announced today it is investing $3.5 billion to build the countrys first automaker-backed LFP battery plant, offering customers a second battery technology within Fords EV lineup.

This plant called BlueOval Battery Park Michigan initially will employ 2,500 people when production of LFP batteries begins in 2026. Ford will have the option to further grow its battery capacity at its Marshall, Michigan, plant, which will be part of a wholly owned Ford subsidiary.

With this $3.5 billion investment, Ford and its battery tech collaborators have announced $17.6... More

Rivian (RIVN) dips as Ford (F) cuts stake in the EV maker to about 1%

Shares of Rivian (RIVN) were down 3.6% in early trading on Friday after Ford (NYSE: F) cut their stake in the electric vehicle company to 1.15%. The decision by Ford comes a week after the Detroit automaker reported a fall in profit and predicted a tough year ahead.

The... More

Ford cuts Rivian stake to about 1%

(Reuters) -Ford Motor Co has cut its stake in Rivian Automotive Inc to 1.15%, as part of a plan to scale down its holdings in the electric-vehicle maker.

Ford, which wrote down the value of its Rivian investment by $7.4 billion in 2022, had said last week that the monetization of... More