Ford (F) recalls 870K F-150s as parking break may unexpectedly activate while driving
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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
BYD tells India partner to table $1B EV investment plans
July 28, 2023 9:33 AM EDTAccording to an exclusive report from Reuters on Friday, BYD, China's top automaker in terms of sales, has communicated to its joint-venture partner, Megha Engineering and Infrastructures, that they will be putting on hold their intentions to invest $1 billion in constructing electric cars in India. The decision came about after their investment proposal underwent careful examination by authorities in New Delhi, as revealed by two individuals familiar with the matter.
Megha, a privately held company in India, joined with Chinas BYD to submit a proposal to the Indian government in April to jointly build electric... More
Intel, Roku and Procter&Gamble rise premarket; Chevron, Ford fall
July 28, 2023 7:51 AM EDTInvesting.com -- U.S. futures rose Friday, boosted by Intel's surprising profit ahead of the release of the Federal Reserve's preferred gauge of inflation.
Here are some of the biggest premarket U.S. stock movers today:
Intel (NASDAQ:... More
Ford (F) PT Raised to $23 at BofA Securities
July 28, 2023 6:01 AM EDTBofA Securities analyst John Murphy raised the price target on Ford (NYSE: F) to $23.00 (from $22.00) while maintaining a Buy rating.... More
Ford recalls 870,000 F-150 trucks over unexpected parking brake activation
July 28, 2023 5:09 AM EDTBy David Shepardson
WASHINGTON (Reuters) -Ford Motor said Friday it is recalling 870,000 F-150 trucks in the United States because of the risk of an unexpected activation of the electric parking brake due to a potential wiring issue.
The recall covers 2021 through 2023 model year F-150 trucks, according... More
Ford shares fall on expectations of higher EV losses; Morgan Stanley expects 'major changes' to EV strategy
July 27, 2023 4:41 PM EDT(Updated - July 28, 2023 6:22 AM EDT)
Investing.com -- Ford Motor lifted its guidance Thursday after reporting second-quarter results that topped Wall Street expectations
Still, Ford Motor Company (NYSE: F) shares fell nearly 2% in pre-open Friday after the company said it expects to see losses from electric vehicles (EVs) hit $4.5 billion this year, up from the prior forecast of... More
Ford slows EV ramp as Q2 commercial vehicle profit booms
July 27, 2023 4:16 PM EDTBy Joseph White, Paul Lienert and Nathan Gomes
(Reuters) -Ford Motor Chief Executive Jim Farley on Thursday outlined a significant change in the automaker's product strategy, slowing the ramp-up of money-losing EVs, shifting investment to Ford's commercial vehicle unit and citing plans to quadruple sales of gas electric hybrids over the next five years.
He described the company's high-margin Ford Pro commercial business as a "powerhouse" and said the company now expects to launch more gas-electric hybrids.
Ford plans to quadruple sales of gas-electric hybrids in the next five years, as it struggles to reduce the... More
Ford Motor (F) Tops Q2 EPS by 19c
July 27, 2023 4:06 PM EDTFord Motor (NYSE: F) reported Q2 EPS of $0.72, $0.19 better than the analyst estimate of $0.53. Revenue for the quarter came in at $45 billion versus the consensus estimate of $43.03 billion.
Guidance:
Company raises full-year 2023 guidance for adjusted EBIT to between $11... MoreFord Motor (F) July weekly option implied volatility increases into quarter results
July 27, 2023 10:23 AM EDTFord Motor (NYSE: F) July weekly call option implied volatility is at 110, August is at 40; compared to its 52-week range of 29 to 580 into the expected release of quarter results today after the bell.
... MoreFord Motor (F) July weekly 13.50 straddle into quarter results
July 27, 2023 6:20 AM EDTFord Motor (NYSE: F) July weekly 13.50 straddle is priced for a move of 5.5% into the expected release of quarter results today after the bell.
... More
Stocks expected to have increasing option volume: F CROX ROKU META MA MAT LRCX CMG NOW QS
July 27, 2023 5:52 AM EDTStocks expected to have increasing option volume: F CROX ROKU META MA MAT LRCX CMG NOW QS
... MoreEuropean stocks higher; Barclays, ECB meeting in focus
July 27, 2023 4:57 AM EDTInvesting.com - European stock markets traded higher Thursday, as investors digest a slew of corporate earnings as well as comments from Fed Chair Jerome Powell ahead of the latest European Central Bank meeting.
At 04:25 ET (08:25 GMT), the DAX index in Germany traded 1% higher, the CAC 40 in France climbed 1.4% and the FTSE 100 in the U.K. traded 0.3% higher.
Earnings continue to pour in
The second quarter earnings season is in full flow, attracting a lot of attention from investors.
... More
Ford Motor (F) July weekly option implied volatility increases into quarter results
July 26, 2023 10:52 AM EDTFord Motor (NYSE: F) July weekly call option implied volatility is at 80, August is at 39; compared to its 52-week range of 29 to 580 into the expected release of quarter results on July 27.
... MoreIn challenge to Tesla, automakers launch US EV charging network
July 26, 2023 10:16 AM EDTBy Abhirup Roy and Jarrett Renshaw
(Reuters) -Seven major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the U.S., in a challenge to Tesla and a bid to take advantage of Biden administration subsidies.
The group includes General Motors, Stellantis, Hyundai Motor and its Kia affiliate, Honda, BMW and Mercedes Benz - brands representing about half of U.S. vehicle sales but a small share of the EV market dominated by Tesla.
The unusual coalition of competitors - that according to some lawyers might raise antitrust... More
Automakers Plan Thousands Of EV Chargers In $1B US Push - WSJ
July 26, 2023 9:59 AM EDTAutomakers Plan Thousands Of EV Chargers In $1B US Push - WSJ
... MoreSeven Car Companies Jointly Investing in EV Charging Stations, Sources Say - WSJ
July 26, 2023 9:58 AM EDTSeven Car Companies Jointly Investing in EV Charging Stations, Sources Say - WSJ
Automaker Investments into Charging JV Total at Least $1 Billion, Sources Say - WSJ... MoreFord Motor (F) July weekly 13.50 straddle is priced into quarter results
July 26, 2023 5:15 AM EDTFord Motor (NYSE: F) July weekly 13.50 straddle is priced for a move of 5.5% into the expected release of quarter results after the bell on July 27.
... More