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

U.S. EV shares slump following news of Lucid (LCID) and Fisker (FSR) poor 1Q results and production cuts

U.S. electric automakers saw a decline in share prices Tuesday morning following cuts to production forecasts by Lucid Group Inc (NASDAQ: LCID) and Fisker Inc (NYSE: FSR), with Lucid sliding 9% in early trading.

Fisker shares were last down 5.3% after the company reported quarterly results. The company reported 1Q EPS of ($0.38), $0.08 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $198 thousand versus the consensus estimate of $6.33 million. The EV maker also announced... More

Ford (F) to test small fleet of hydrogen fuel-cell E-Transit models in UK

American automaker, Ford Motor (NYSE: F) announced Monday that the company will test a small fleet of prototype hydrogen fuel-cell versions of its electric E-Transit model in the UK to see if they are a workable zero-emission option for customers hauling heavy goods long distances.

Ford... More

Barclays predicts April back step as EV penetration reaches 14% in March report card

Barclays released a March EV report card as EV penetration reached 14%, up m/m and y/y, but still below elevated 4Q22. Analyst Dan Levy believes April is poised to be a slight step back in uptake, in-line with typical 1st month-of-quarter patterns. Tesla (NASDAQ: TSLA), however, had an impressive March share, benefiting from price cuts and an increased focus on low cost EVs exported from China.

China once again had the highest EV penetration rate among the major global regions (30% in March), yet was flat m/m.... 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

Ford F-150 Production Disrupted By Missing Door Handles - WSJ

Ford F-150 Production Disrupted By Missing Door Handles - WSJ

Ford CEO calls electric vehicle market price cuts 'a worrying trend'

By David Shepardson and Joseph White

WASHINGTON (Reuters) -Ford CEO Jim Farley said on Wednesday that price cuts in the electric vehicle market were "a worrying trend" after the U.S. automaker dropped prices for its Mustang Mach-E in response to a series of reductions by rival Tesla.

Ford on Tuesday announced a price cut of up to 8% of its Mustang Mach-E electric vehicle, the second cut the automaker announced this year.

Farley compared the price war in the EV market to Henry Ford's series of price cuts... More

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

Republican U.S. Senator Marco Rubio on Wednesday asked President Joe Bidens administration to investigate Fords (NYSE: F) plan to partner with PT Vale Indonesia and China's Zhejiang Huayou Cobalt in a $4.5 billion nickel processing plant in Indonesia.

Rubio is the top Republican on the Senate Intelligence Committee and... 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