Ford (F) announces next-gen EV pickup coming in 2025
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Ford (F) aims to build 500K EV trucks per year at new Tennessee plant
March 24, 2023 8:03 AM EDTFord 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
UBS survey shows slowing pace of EV sector
March 24, 2023 7:38 AM EDTUBS 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
Midday movers: Coinbase, KB Home, General Mills and more
March 23, 2023 2:19 PM EDTBy Liz Moyer
Investing.com -- Stocks were rising on Thursday as investors interpreted the Federal Reserve's statements on Wednesday as nearing the end of its rate hiking cycle. Here are the midday movers for March 23.
... More
General Mills, Ford, First Republic rise premarket; Coinbase, Chewy fall
March 23, 2023 8:17 AM EDTBy Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, March 23rd. Please refresh for updates.
Ford (F) predicts $3B pretax loss in EV business this year
March 23, 2023 8:09 AM EDTFord Motor Co. (NYSE: F) is scheduled to hold a mid-morning briefing with investors and analysts on Thursday. However, before the meeting, the company revealed that they expect their 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 briefing is being held to discuss the American automakers new financial reporting format. Starting with first-quarter results,... More
Ford sees $3 billion pretax loss in its EV business this year
March 23, 2023 7:02 AM EDTBy 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.Â
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 EDTFord Sees Electric-vehicle Losses Ballooning To $3 Bln In 2023 - Bloomberg
... MoreFord Motor (F) option implied volatility into hosting a teach in
March 23, 2023 3:53 AM EDTFord 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.
... MoreFord 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 EDTFord 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 EDTShares 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
