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

Ford (F) to bring F-150 Lightning to Switzerland this year

October 31, 2023 3:02 PM EDT

Ford Motor (NYSE: F) announced Tuesday that their popular F-150 Lightning electric pickup truck is coming to Switzerland in limited numbers this year.

Following its introduction to the United States during the 2022 model year, the Ford F-150 Lightning has significantly broadened its global... More

Tesla (TSLA) wins Autopilot trial involving fatal crash

October 31, 2023 2:30 PM EDT

Tesla (NASDAQ: TSLA), on Tuesday, achieved its first successful outcome in a U.S. trial regarding accusations that its Autopilot driver assistant feature resulted in a fatality. This marks a significant win for Tesla, given the number of similar lawsuits it is currently confronting nationwide.

The lawsuit, which took place in a California state court, was initiated by two passengers involved in a 2019 accident, alleging that Tesla was... More

Deutsche Bank says losses may extend but will not derail EV transition

October 31, 2023 1:59 PM EDT

As emerging electric and legacy automakers voice concerns over what appears to be a deceleration of demand for battery electric vehicles, Deutsche Bank research analysts believe the existing BEV losses may extend but will not halt the industrys movement towards an EV transition.

During our IAA conference there was a debate if BEV adoption is slowing. This has now become a full blown concern about a potential EV demand meltdown. Writes Deutsche Bank analysts in a... More

Deutsche Bank sees 'no hit' from UAW strike in October

October 31, 2023 10:45 AM EDT

Deutsche Bank research released an Industry update on the current state of the auto industry following the tentative conclusion of a six week long strike by the United Auto Workers against Detroits three biggest car companies, General Motors (NYSE: GM), Ford (NYSE: F), and Chrysler-parent Stellantis (NYSE:... More

Tesla (TSLA) shares dip as Panasonic announced production cut

October 30, 2023 2:29 PM EDT

Shares of electric vehicle maker, Tesla (NASDAQ: TSLA) dipped more than 5% Monday after Panasonic Holdings, a crucial supplier, revealed a reduction in automotive battery production during the September quarter. The announcement comes amidst growing concerns over a worldwide deceleration in EV sales.

Panasonic... More

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

Tesla (TSLA) workers refuse walkout as strike fails in Sweden

October 30, 2023 9:35 AM EDT

IF Metall, a Swedish trade union, announced that Tesla (NASDAQ: TSLA) would face a strike initiated by its members this past Friday. The union highlighted Tesla's refusal to sign a collective bargaining agreement as the reason behind the action, potentially disrupting or severely impeding Tesla's operations in... 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

Bernstein reiterates Underperform on Tesla (TSLA), says FY24 estimates remain 'too high'

October 30, 2023 8:44 AM EDT

Bernstein reiterated their Underperform rating on Tesla (NASDAQ: TSLA), with a 12-month price target of $150.00 on the electric vehicle stock, as analysts with the research company believe FY24 consensus margin and volume estimates remain too high.

Throughout this year, Tesla bulls have... 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

Tesla (TSLA) not part of EU probe into Chinese subsidies

October 27, 2023 1:56 PM EDT

The south China Morning Post reports Friday that electric vehicle giant, Tesla (NASDAQ: TSLA) will not be a part of the European Unions investigation into subsidies granted by the Chinese government but may be subject to duties based on their own discovered... More

Ford (F) PT Lowered to $13 at UBS

October 27, 2023 8:37 AM EDT

UBS analyst Joseph Spak lowered the price target on Ford (NYSE: F) to $13.00 (from $15.00) while maintaining a Buy rating.... More

Ford shares fall after pulling full-year forecast, wider losses in EV unit

October 27, 2023 8:00 AM EDT

By Shivansh Tiwary

(Reuters) -Shares of Ford Motor Co closed down 12.3% on Friday, after the automaker reported a wider loss from its electric-vehicle (EV) business due to pressures from a price war, sparked by industry leader Tesla.

The Detroit automaker also pulled its 2023 forecast, citing "uncertainty" over the pending ratification of its new labor deal with the United Auto Workers (UAW) union, which is expected to significantly increase labor-related expenses.

Ford cautioned about ongoing... More

Amazon, Intel, Exxon Mobil rise premarket; Ford, Chevron fall

October 27, 2023 7:37 AM EDT

Investing.com -- U.S. futures rose Friday, boosted by strong numbers from a couple of tech giants ahead of the release of key inflation data.

Here are some of the biggest premarket U.S. stock movers today:

Amazon (NASDAQ: AMZN) stock rose 6.1% after the e-commerce giant reported third-quarter results that topped expectations as growth in its cloud business... More

Ford (F) PT Lowered to $10 at Wells Fargo

October 27, 2023 6:45 AM EDT

Wells Fargo analyst Colin M. Langan lowered the price target on Ford (NYSE: F) to $10.00 (from $11.00) while maintaining a Underweight rating.... More

Ford (F) PT Lowered to $12 at Goldman Sachs

October 27, 2023 3:49 AM EDT

Goldman Sachs analyst Mark Delaney lowered the price target on Ford (NYSE: F) to $12.00 (from $13.00) while maintaining a Neutral rating.... More

After-hours stock movers: Intel jumps on beat, Enphase siks

October 26, 2023 5:15 PM EDT

After-Hours Stock Movers:

Enphase Energy (NASDAQ: ENPH) 17% LOWER; reported Q3 EPS of $1.02, $0.01 worse than the analyst estimate of $1.03. Revenue for the quarter came in at $551.1 million versus the consensus estimate of $574.86 million. Enphase Energy sees Q4 2023 revenue of $300-350 million, versus the consensus of $601.24 million.

DexCom (NASDAQ: DXCM) 15% HIGHER; reported Q3 EPS of $0.50, $0.16 better than the analyst estimate of $0.34. Revenue for... More

Ford shares fall after missing Q3 expectations; Management has 'a long to-do list' says analyst

October 26, 2023 4:53 PM EDT

(Updated - October 27, 2023 5:56 AM EDT)

Investing.com -- Ford Motor Company (NYSE: F) shares fell more than 3% in early Friday trading after the automaker missed expectations for profit in the third quarter.

Ford reported third-quarter adjusted earnings of 39 cents a share and revenue of $43.8 billion. Analysts expected a profit of 46 cents a share and revenue of $43.94... 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

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

October 26, 2023 4:08 PM EDT

Ford Motor (NYSE: F) 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

For... More

Ford shares rise a day after tentative deal with UAW

October 26, 2023 9:18 AM EDT

(Reuters) - Ford shares rose 3% before the bell on Thursday as the company's unionized workers were set to return to work following a tentative agreement between the automaker and the United Auto Workers (UAW) union guaranteeing a record wage hike.

Rival General Motors' shares also rose 1% as analysts expected the automaker to follow Ford... More

Ford (F) reaches tentative deal with UAW to end strike after 6 weeks

October 26, 2023 9:12 AM EDT

Following almost 6 weeks of strikes, Detroits Ford Motors (NYSE: F) and the United Auto Workers union announced late on Wednesday that the two have come to a tentative agreement on the terms of a new labor contract.

While the final details of the agreement are still being prepared, analysts at Barclays remain Neutral on the automaker as they believe the headline terms are likely already priced into the stock.

The UAW also announced... More

Meta, UPS, Hasbro and Align fall premarket; IBM, Ford rise

October 26, 2023 7:43 AM EDT

Investing.com -- U.S. futures slipped lower Thursday, as investors digested earnings from some of the influential tech giants.

Here are some of the biggest premarket U.S. stock movers today:

Meta Platforms (NASDAQ: META) stock fell 3.8% after the Facebook-parent exceeded third-quarter expectations, but the management said on... More

Ford Motor (F), UAW Reach Tentative Deal, Union Says

October 26, 2023 5:10 AM EDT

Ford Motor (F), UAW Reach Tentative Deal, Union Says

Ford Strikers Should Go Back To Work While Voting On Deal - Union... More

Amazon, U.S. GDP, ECB rate decision - what's moving markets

October 26, 2023 5:07 AM EDT

Investing.com --Amazon takes the lead as the quarterly earnings season continues, with the tech sector remaining in focus. The European Central Bank is expected to halt its rate-hiking cycle, while investors will also focus on the latest quarterly U.S. growth numbers ahead of next week's Federal Reserve meeting. 

1. Meta Platforms falls on revenue guidance; Amazon next up

It was the turn of Meta Platforms (NASDAQ: META) to take the spotlight after the close of trading on Wednesday, as the Facebook and... More

Ford Motor (F) option implied volatility amid UAW contract headlines and quarter result

October 26, 2023 4:13 AM EDT

Ford Motor (NYSE: F) 30-day option implied volatility is at 39; compared to its 52-week range of 27 to 578 amid UAW contract headlines and quarter results.

... More

Ford Motor (F) October weekly 11.50 straddle into quarter results

October 26, 2023 3:37 AM EDT

Ford Motor (NYSE: F) October weekly 11.50 straddle is priced for a move of 6.5% into the expected release of quarter results today after the bell.

... More

UAW reaches deal with GM, ends coordinated strikes against Detroit automakers

October 25, 2023 8:42 PM EDT

(Reuters) - The United Auto Workers (UAW) union reached a tentative agreement with General Motors on Monday, signaling an end to walkouts that have cost the No. 1 Detroit automaker more than $400 million a week.

The union has also reached agreements with Ford Motor and Chrysler-owner Stellantis over the last few days, in what is seen as significant victories for auto laborers after years of stagnant wages and painful concessions made by the union following the 2008 financial crisis.

Here is a timeline of events beginning with the election of Fain in March:

Date Development

March 25... More

Ford (F), UAW Nearing Tentative Labor Agreement to Potentially End Six-Week Strike at Automaker - WSJ

October 25, 2023 3:54 PM EDT

(Updated - October 25, 2023 3:55 PM EDT)

Ford (NYSE: F), UAW Nearing Tentative Labor Agreement to Potentially End Six-Week Strike at Automaker - WSJ

Ford, Union Bargained Into Early Wednesday Morning Trying to Reach Deal on New Labor Contract... More

UAW appears to be moving toward a potential deal with Ford Motor (F) that could end strike - AP

October 25, 2023 1:28 PM EDT

UAW appears to be moving toward a potential deal with Ford Motor (NYSE: F) that could end strike - AP

The people said the union made a counter-offer to Ford that proposes a 25% general wage increase over the life of a new four-year contract... More

Ford Motor (F) option IV into quarter results and outlook

October 25, 2023 10:34 AM EDT

Ford Motor (NYSE: F) October weekly call option implied volatility is at 77, November is at 41; compared to its 52-week range of 27 to 587 into the expected release of quarter results after the bell on October 26.

... More

Ford Motor (F) October weekly 11.50 straddle into quarter results

October 25, 2023 5:19 AM EDT

Ford Motor (NYSE: F) October weekly 11.50 straddle is priced for a move of 8% into the expected release of quarter results after the bell on October 26.

... More