Marco Rubio seeks investigation into Ford’s (F) Chinese partnerships

Ford (F) recalls over 230,000 Ranger vehicles to fix mistakes made in previous recall

The National Highway Traffic Safety Administration (NHTSA) and Ford Motor Co. (NYSE: F) are recalling certain 2004 to 2006 Ranger vehicles because replacement front passenger air bag inflators may have been installed incorrectly.

The vehicles had received replacement front passenger air bag inflators... More

UAW holds off on endorsing Biden for 2nd term citing EV policies

United Auto Workers (UAW) President Shawn Fain said in a letter to members seen by Reuters Wednesday that the Detroit-based union has yet to endorse President Joe Biden for a second term, citing concerns about electric vehicle policies.

"The federal government is pouring billions into the electric vehicle transition, with no strings attached and no commitment to workers. The EV transition is at serious risk of becoming a race to the bottom. We want to see national leadership have our back on this before we make any commitments," Fain... More

Ford (F) CEO says EV price cuts are 'a worrying trend'

Ford (NYSE: F) CEO, Jim Farley told a Wall Street Journal forum on Wednesday that price cuts in the electric vehicle market "is a worrying trend".

Rival EV automaker Tesla (NASDAQ: TSLA) incited what others are... More

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Ford Motor (F) April Total Vehicle Sales 184,002, Up 4%

Ford (NYSE: F) April Total Vehicle Sales 184,002, Up 4%

AMD, Starbucks, Estée Lauder fall premarket; Eli Lilly, Kraft Heinz rise

Investing.com -- Stocks in focus in premarket trade on Wednesday, May 3rd. Please refresh for updates.

Starbucks (NASDAQ: SBUX) stock fell 4.4% after the coffee chain decided against lifting its 2023 guidance even after beating quarterly profits, powered by a sharp recovery in business in... More

Ford (F) expects $1.5B to $2B in restructuring charges in 2023

Ford (F) said in a regulatory filing on Wednesday that the company expects to take up restructuring charges between $1.5 billion and $2 billion in 2023. The charges come as part of the U.S. automaker's move to exit unprofitable locations and cut headcount.

The charges will be primarily attributed towards "employee... More

Ford (F) PT Raised to $20 at Benchmark

Benchmark analyst Michael Ward raised the price target on Ford (NYSE: F) to $20.00 (from $19.00) while maintaining a Buy rating.... More

Ford sees $1.5 billion to $2 billion restructuring charges in 2023

(Reuters) - Ford Motor Co expects to take up restructuring charges between $1.5 billion and $2 billion in 2023, it said in a regulatory filing on Wednesday, as part of the U.S. automaker's move to exit unprofitable locations and cut headcount.

The charges will be primarily attributable to "employee separations and... More

After-hours movers: AMD, Starbucks fall following EPS; Livent gains

After-Hours Stock Movers:

Sprout Social (NASDAQ: SPT) 13% LOWER; reported Q1 EPS of $0.06, $0.07 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $75.2 million versus the consensus estimate of $75.07 million. Sprout Social sees Q2 2023 EPS of ($0.02), versus the consensus of $0.00. Sprout Social sees Q2 2023 revenue of $78.6-78.7 million, versus the consensus of $79.9 million. Sprout Social sees FY2023 EPS of $0.07-$0.08, versus the consensus of $0.04. Sprout Social sees FY2023 revenue of $332-333 million, versus the consensus of $332.23 million.

Livent... More

Ford trades in red despite robust Q1 results; No outlook boost disappoints investors

(Updated - May 3, 2023 5:10 AM EDT)

Ford Motor (NYSE: F) reported its Q1 results, with EPS of $0.63 coming in better than the consensus estimate of $0.42.

Revenue grew 20% year-over-year to $41.5 billion, beating the consensus estimate of $39.25B, thanks to the easing of supply-chain disruptions that enabled the company to more effectively cater to the robust demand for its SUVs and... More

Ford's profit rises on strong truck demand but EV outlook weighs

By Joseph White and Nathan Gomes

(Reuters) -Ford Motor Co on Tuesday posted robust first-quarter revenue and profit, thanks to strong demand for trucks and SUVs, but issued a measured full-year outlook tempered by continued losses in its electric-vehicle unit.

In a late briefing, Ford Chief Executive Officer Jim Farley said he hopes the company becomes "boringly predictable" at meeting investor expectations. Ford missed Wall Street estimates for the fourth quarter, leaving $2 billion on the table, Farley said earlier this year.

Farley also said Ford does not intend to pursue EV sales volume "at any... More

Ford Motor (F) Tops Q1 EPS by 21c

Ford Motor (NYSE: F) reported Q1 EPS of $0.63, $0.21 better than the analyst estimate of $0.42. Revenue for the quarter came in at $41.5 billion versus the consensus estimate of $39.25 billion.

Outlook:

Ford is maintaining the full-year 2023 performance expectations that the company first... More

Ford (F) cuts price of Mach-E after Tesla (TSLA) raises prices in multiple markets

Ford (NYSE: F) announced Tuesday that the American automaker is cutting prices on its Mustang Mach-E electric vehicle and reopening orders after a series of price cuts by rival automaker Tesla Inc (NASDAQ: TSLA).

Ford said it is cutting most Mach-E prices by $3,000 or $4,000 depending on the version. Last month, the federal EV tax credit for the Mach-E fell in half to $3,750 from $7,500 after new... More

Dow futures fall 60 pts; Fed meeting, JOLTS data in focus

Investing.com -- U.S. stocks are seen opening in a subdued fashion Tuesday, with investors awaiting the start of the Federal Reserve two-day policy meeting as well as the release of more jobs data and corporate earnings.

At 06:50 ET (10:50 GMT), the Dow futures contract was down 60 points, or 0.2%, S&P 500 futures traded 6 points, or 0.1% lower, while Nasdaq 100 futures climbed 7 points, or 0.1%.

The main indices closed largely unchanged Monday, as the news that JPMorgan Chase (NYSE: JPM) had agreed to buy the... More

Ford Motor (F) May weekly 12 straddle into quarter results

Ford Motor (NYSE: F) May weekly 12 straddle is priced for a move of 5.5% into the expected release of quarter results today after the bell.

U.S. might delay decision to add EVs to biofuel credit program

According to a Reuters report Monday, citing unnamed sources, that the United States Government could delay a decision on giving eRIN tradable credits to EVs under a renewable fuel program over concerns about expected legal challenges.

Last year, the U.S. Environmental Protection Agency (EPA) proposed to significantly expand the current Renewable Fuel Standard (RFS) to include the so-called eRIN proposal which would allow automakers to generate eRINs tradable credits based on the EVs they sell by establishing contracts with parties that produce electricity from biogas.

The plan would have... More

Ford Motor (F) option implied volatility into quarter results

Ford Motor (NYSE: F) May weekly call option implied volatility is at 65, May is at 45; compared to its 52-week range of 33 to 587 into the expected release of quarter results after the bell on May 2.

Dow Jones, Nasdaq, S&P 500 weekly preview: The end of the Fed hiking cycle?

The S&P 500 (SPX) ended 0.9% higher last week to secure the highest weekly close since August last year. The index is now approaching a key 100 weekly moving average at 4203 in what would be the first test of this important technical indicator in 8 months.

The Dow Jones Industrial Average (DJI) also rose 0.9%. More importantly, the index secured the first weekly close above the key descending trend line (~33800), which acted as major resistance for several months. This should be seen as a bullish sign.

Finally, strong Big Tech earnings lifted Nasdaq Composite Index (IXIC) 1.3% higher last week. The... More

First Republic, Fed meeting, Apple earnings - what's moving markets

Investing.com -- First Republic Bank has been taken over by Californian authorities with JPMorgan Chase assuming its deposits, at the start of a week that includes a Federal Reserve meeting, Apple earnings, and the monthly U.S. jobs report.

1. First Republic Bank falls

First Republic Banks (NYSE: FRC) days as a stand-alone entity are over, after California's financial regulator announced on Monday that it has taken possession of the San Francisco-based lender, while JPMorgan Chase (NYSE:... More

Biden Administration Considers Delaying Final Rule On Incorporating Electric Vehicle Industry Into Us Biofuel Blending Program - Reuters

Biden Administration Considers Delaying Final Rule On Incorporating Electric Vehicle Industry Into Us Biofuel Blending Program - Reuters

Ford Motor (F) May weekly 12 straddle into quarter results

Ford Motor (NYSE: F) May weekly 12 straddle is priced for a move of 6% into the expected release of quarter results after the bell on May 2.