Ford (F) unveils new EV courier van aimed at European markets

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U.S. EPA to propose new vehicle emission cuts, expects big EV push

April 6, 2023 1:22 PM EDT

According to a Reuters report Thursday, the U.S. Environmental Protection Agency is set as early as next week to propose new rules to spur sweeping cuts in vehicle emissions. The new rules are expected to cover the 2027 through 2032 model years and will push automakers to dramatically expand electric... More

Ford aims a new electric van at European cities - and startups

April 6, 2023 4:02 AM EDT

By Joseph White

DETROIT (Reuters) - Ford Motor Co unveiled a new electric Courier van aimed at winning business customers in Europe, and boxing out electric van startups such as Arrival SA.

The electric Courier is part of a revamped lineup of smaller, commercial vans for the European market that will also include gasoline and diesel models, Ford said. The new Courier... More

Chrysler parent Stellantis (STLA) unveils new Ram EV pickup truck

April 5, 2023 12:01 PM EDT

American automaker, and parent company of Chrysler, Stellantis (NYSE: STLA) unveiled its new electric Ram pickup truck on Wednesday. The truck is poised to debut on the market late in 2024 as a key part of the automaker's strategy to electrify its vehicle lineup.

The... More

UK EV sales reach record highs in best month ever

April 5, 2023 9:00 AM EDT

The Society of Motor Manufacturers and Traders (SMMT) released data Wednesday that showed new car registrations jumped to 287,825 units as supply chain challenges continued to ease, making the first quarter of 2023 the strongest three-month period since 2019. Battery electric vehicle (BEV) sales reached a record monthly high of 46,626, representing 18.6% year-on-year... More

Ford (F) confirms its EVs and hybrids are eligible for IRA subsidy packages

April 5, 2023 8:48 AM EDT

Ford (NYSE: F) announced Wednesday that all three of the American automakers electric vehicles and plug in hybrids are eligible for Inflation Reduction Act (IRA) federal tax credits in 2023. The company's Mustang Mach-E electric SUV will be eligible for a $3,750 credit, while the... More

Ford, Stellantis says new rules will cut EV tax credits for most models

April 5, 2023 8:21 AM EDT

By David Shepardson and Nathan Gomes

NEW YORK (Reuters) -Ford Motor Co and Chrysler-parent Stellantis said on Wednesday that most of its electric and plug-in electric hybrid models will see tax credits halved to $3,750 on April 18 after new U.S. Treasury rules take effect.

The rules, which were unveiled Friday, were mandated by Congress in August as part of a $430 billion climate bill. China dominates the global supply chains of products like EV batteries and solar panels and the rules are aimed at moving U.S. battery production and supply chains away from China.

Out of... More

CFRA remains bullish on Ford (F) as the company reports 'a strong start in '23'

April 4, 2023 12:44 PM EDT

CFRA reiterated a Buy rating and $16.00 price target on Ford Motors (NYSE: F) after the American automaker reported a 10.7% Y/Y increase in 1Q U.S. auto sales. CFRAs adjusted EPS estimates are unchanged.

Garrett Nelson, vice president at CFRA wrote in a note, Ford's U.S.... More

Ford (F) reports 456,972 U.S. vehicle sales in 1Q to become America’s best selling brand

April 4, 2023 12:28 PM EDT

Ford (NYSE: F) reported Tuesday that the automaker sold 456,972 vehicles in the 1Q, an increase of 10.7% compared to the same time last year.

Sales surged across Fords areas of strength, with EVs growing 41.0% in the first quarter on sales of 10,866 electric vehicles. F-150 Lightning sales totaled 4,291 pickups with production capacity actions on track to hit an annual production run rate... More

CFRA Reiterates Buy Rating on Ford (F) Following Q1 Sales Numbers

April 4, 2023 12:22 PM EDT

CFRA analyst Garrett Nelson reiterated a Buy rating and $16.00 price target on Ford (NYSE: F) following Q1 sales data.

The analyst commented, "We maintain our 12-month target of $16, based on a '24 P/E of 8.2x and in line with F's five-year average forward P/E. Our adjusted EPS... More

Ford's quarterly US auto sales jump 10.1% on pent-up demand, easing supply

April 4, 2023 9:20 AM EDT

By Nathan Gomes

(Reuters) -Ford Motor Co posted a 10.1% rise in first-quarter U.S. auto sales on Tuesday, fueled by pent-up demand for electric vehicles, SUVs and trucks amid easing supply chain disruptions.

The Detroit automaker joins other global rivals in reporting a rise in sales, as the industry was able to get more of their vehicles to dealers and customers on time in the quarter.

Automakers are reporting upbeat... More

Ford Motor (F) US 1Q Sales Increase 10.1% - Bloomberg

April 4, 2023 9:16 AM EDT

Ford Motor (NYSE: F) US 1Q Sales Increase 10.1% - Bloomberg

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