Intel, Roku and Procter&Gamble rise premarket; Chevron, Ford fall
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Ford (F) restarts F-150 Lightning output, expects to triple production
August 1, 2023 10:52 AM EDTFord Motor Company (NYSE: F) announced Tuesday, following a 6-week shutdown, that the Detroit automaker has resumed production of their popular electric Ford F-150 Lightning pickup truck.
Ford previously halted production on the trucks to retool and expand the companys Rouge Electric Vehicle Center and the automaker says that they are now on track to triple production capacity to a targeted annual run rate of 150,000 units by this fall.
Ford said in a release... More
Ford (F) downgraded to Hold at Jefferies on worse EV losses and 'strategic wobble'
July 31, 2023 8:56 AM EDTJefferies downgraded Ford Motors to a Hold rating (From Buy) and cut their 12-month price target on the stock to $15.00 (From $17.00) after the Detroit automaker reported worse than expected EV losses and lowered Model e guidance.
Analyst Philippe Houchois wrote in a note, We appreciate efforts in disclosure and accountability... More
Ford (F) recalls 870K F-150s as parking break may unexpectedly activate while driving
July 28, 2023 10:10 AM EDTDetroits Ford Motor (NYSE: F) announced Friday that they are recalling 870,000 of their F-150 trucks throughout the U.S. after finding that the vehicles electric parking brake is at risk of unexpected activation due to a potential wiring issue.
According to a... More
