Ford auto sales rise on robust demand, improved supply
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Barclays sees these US auto & mobility stocks raising 2023 guidance
July 10, 2023 11:54 AM EDTAs earnings season rolls around once again, Barclays analyst Daniel Levy told investors in a note Monday that he sees six US auto and mobility stocks raising 2023 guidance. However, Levy warned that even though stability is emerging in the auto sector, investors should beware of the rising bar heading into the earnings releases.
Ford Motor (NYSE: F): The analyst told investors that the "stronger for longer" theme has emerged for both Ford and GM, with better pricing and volume than anticipated. While they expect a beat and raise for... More
Volkswagen to launch autonomous vehicles in Texas by 2026
July 6, 2023 2:16 PM EDTGerman auto maker, Volkswagen (VW) announced Thursday their plans to launch autonomous, or self-driving, vehicles for ride hailing and goods delivery services in Austin, Texas by 2026.
VW had previously made a costly investment into Ford's now Ford's now-defunct self-driving car unit, Argo. The company took nearly 100 people... More
Ford (F) releases 2Q sales report, remains a top-selling brand thanks to ICE pickup trucks
July 6, 2023 12:49 PM EDTFord Motor Company (NYSE: F) released their 2Q sales report Thursday, posting double-digit sales increases and maintaining their spot as a top-selling brand and top-selling truck manufacturer in the United States. Total Ford vehicle sales climbed 11.2% to 511,538 vehicles driven primarily by its internal combustion engine pickup trucks, according to the company's sales... More
