Ford (F) predicts $3B pretax loss in EV business this year

Ford (F) aims to build 500K EV trucks per year at new Tennessee plant

March 24, 2023 8:03 AM EDT

Ford said Friday that the American automaker plans to build up to 500,000 electric trucks a year at its BlueOval City complex under construction in western Tennessee. Part of the companys plan to have global EV production capacity of 2 million vehicles a year in place by the end of 2026.

BlueOval City will assemble several versions of Fords next-generation F-series electric pickup, which the company calls Project T. The plant will also have a battery plant capable of... More

Ford (F) announces next-gen EV pickup coming in 2025

March 24, 2023 7:48 AM EDT

Ford Motor (NYSE: F) announced Friday that the American automaker is gearing up for the next step in its EV truck business with Project T3.

The company said its preparing to build its next-gen electric truck, code-named Project T3, at its upcoming BlueOval City EV vehicle and battery... More

UBS survey shows slowing pace of EV sector

March 24, 2023 7:38 AM EDT

UBS conducted the seventh wave of its annual UBS Evidence Lab EV consumer survey with results showing 46% of consumers are likely to consider buying a fully electric car (BEV), a 3%-pts decrease y/y, marking the first sequential decline since the surveys inception in 2016. Analyst Patrick Hummel believes that the decline was driven by European markets on affordability concerns.

Hummel wrote in a note, While we... More

Ford sees $3 billion pretax loss in its EV business this year

March 23, 2023 7:02 AM EDT

By Paul Lienert and Nathan Gomes

(Reuters) -Ford Motor Co expects its electric vehicle business unit to lose $3 billion this year, but remains on track to achieve a pretax margin of 8% by late 2026, the company said.

The projected loss was revealed at a briefing for investors and analysts on Thursday to discuss details of the automakers new financial reporting format. 

Ford shares were up 1.9% at $11.70 near midday on Thursday.

Starting with first-quarter results, which will be announced on May 2, Ford will begin reporting by business unit for Model e (electric vehicles), Blue (combustion vehicles) and... More

Ford Motor (F) Sees Electric-vehicle Losses Ballooning To $3 Bln In 2023 - Bloomberg

March 23, 2023 7:01 AM EDT

Ford Sees Electric-vehicle Losses Ballooning To $3 Bln In 2023 - Bloomberg

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Ford Motor (F) option implied volatility into hosting a teach in

March 23, 2023 3:53 AM EDT

Ford Motor (NYSE: F) 30-day option implied volatility is at 40; compared to its 52-week range of 33 to 587 into hosting a teach in where it will share details of its new segment and financial reporting as well as a Q&A session with their CFO and Controller today.

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Ford Motor (F) call put ratio 3.1 calls to 1 put into Q&A session with their CFO and Controller on March 23

March 22, 2023 11:09 AM EDT

Ford Motor (NYSE: F) 30-day option implied volatility is at 38; compared to its 52-week range of 33 to 587 into hosting a teach in where it will share details of its new segment and financial reporting as well as a Q&A session with their... More

Nio (NIO) surges as CFO is 'very confident' in 250k vehicle sales target

March 22, 2023 7:59 AM EDT

Shares of NIO Inc. (NYSE: NIO) are up 2.80% in pre-market trading on Wednesday following comments by CFO Steven Feng where he said the company is very confident of meeting its target of doubling sales to 250,000 electric vehicles this year. The comments, made during a Bloomberg interview, provoked a surge in the companys Hong Kong shares.

We are very confident to achieve our sales target in 2023, Feng... More

Ford (F) unveils new Explorer EV for European Market

March 21, 2023 11:59 AM EDT

(Updated - March 21, 2023 12:21 PM EDT)

Ford (NYSE: F) on Tuesday unveiled its new all-electric Ford Explorer SUV exclusively for the European market. The automaker said it plans to leverage the well-known Explorer nameplate to gain traction.

Other than the Explorer name and some design attributes, the new vehicle has very little in common with its gas-powered counterpart in the U.S., or the plug-in hybrid version thats currently... More

Ford (F) likely to miss 2026 EV margin target as Deutsche Bank predicts larger than expected losses

March 21, 2023 11:40 AM EDT

Deutsche Bank reiterated a Sell rating and $11.00 price target on Ford Motor Company (NYSE: F) ahead of the American automakers teach-in on its new reporting structure this Thursday, when the company is expected to disclose profits/losses for its three new business units, Ford Blue, Ford Pro, and Model e.

Analyst Emmanuel Rosner attempted to estimate the respective segment economics and believes that the EV business could report much deeper losses than investors expect. Rosners... More

Ford Motor (F) call put ratio 2.6 calls to 1 put into Q&A session CFO and Controller on March 23

March 21, 2023 11:22 AM EDT

Ford Motor (NYSE: F) 30-day option implied volatility is at 40; compared to its 52-week range of 33 to 587 into hosting a teach in where it will share details of its new segment and financial reporting as well as a Q&A session with their... More

Deutsche Bank reiterates Sell rating on Ford (F), says EV business could report bigger-than-expected losses

March 21, 2023 9:57 AM EDT

Deutsche Bank analyst Emmanuel Rosner reiterated a Sell rating and $11.00 price target on Ford (NYSE: F). Ahead of Fords teach-in on its new reporting structure this Thursday, Rosner said:

"Ford Blue, Ford Pro, and Model e, we have attempted to estimate the... More

Ford Motor (F) option implied volatility into Q&A session with their CFO and Controller

March 21, 2023 3:19 AM EDT

Ford Motor (NYSE: F) 30-day option implied volatility is at 43; compared to its 52-week range of 33 to 587 into hosting a teach in where it will share details of its new segment and financial reporting as well as a Q&A session with their CFO and Controller on March 23.

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