Ford Motor (F) Misses Q3 EPS by 8c, Says Guidance Withdrawn

Ford (F) to add 15k Tesla (TSLA) superchargers

October 30, 2023 12:10 PM EDT

Ford Motor (NYSE: F) announced Monday that the Detroit automaker will add north of 15,000 Tesla (NASDAQ: TSLA) Superchargers to the companys electric vehicle charging network, up from its earlier projection of 12,000 chargers.

The Detroit automaker said it plans to increase the scope of its BlueOval Charge Network in... More

General Motors (GM) reaches tentative deal to end UAW strike

October 30, 2023 10:03 AM EDT

General Motors (NYSE: GM) and the United Auto Workers (UAW) have come to a preliminary agreement less than 48 hours after the union began its strike at the Spring Hill Assembly plant in Tennessee, marking the conclusion of the initial joint strike against the Detroit Three automakers.

Details of the agreement have... More

Unifor begins strikes at Stellantis (STLA) facilities in Canada

October 30, 2023 8:55 AM EDT

Canadian labor union, Unifor announced Monday morning that they have initiated strikes across all Stellantis (NYSE: STLA) facilities in the country. Over 8,200 union members have participated in the walkout, following a failure to secure a preliminary resolution during labor contract negotiations.

Unifor's key demands include enhanced wages and pension benefits.... More

Stellantis (STLA) reaches labor deal with UAW as union expands strikes at GM

October 30, 2023 8:06 AM EDT

Stellantis (NYSE: STLA) and the United Auto Workers (UAW) union have tentatively agreed on a fresh labor contract, as confirmed by the UAW on Saturday, marking the resolution more than 40 days after the union initiated a strike against the Detroit Three automakers.

At... More

Shares fall after Ford (F) cuts FY23 forecast on wider EV losses

October 27, 2023 11:22 AM EDT

Ford Motor (NYSE: F) shares plummeted 6% during Friday's pre-market trading session following a report of increased losses in its electric-vehicle (EV) division.

The Detroit automaker attributed the losses to intensified competition triggered by Tesla's (NASDAQ: TSLA) aggressive pricing strategies.

Additionally, Ford retracted its 2023 projection, citing uncertainties surrounding... More

Ford Motor (F) fell 5% immediately following results and withdrawn guidance

October 26, 2023 4:10 PM EDT

Ford Motor (NYSE: F) fell 5% immediately following results and withdrawn guidance

reported Q3 EPS of $0.39, $0.08 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $44 billion versus the consensus estimate of $44.05 billion.Full-Year 2023 Guidance Withdrawn Pending Ratification of Tentative U.S. Labor Agreement... More