Ford pegs cost of UAW labor deal at $8.8 billion, cuts annual profit view
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/23/2026
Go back to Ford pegs cost of UAW labor deal at $8.8 billion, cuts annual profit view
December 4, 2023 3:46 PM EST
Purchasing Renault at its 10 billion market cap would essentially pay for itself. With the company boasting 7 billion in net cash and a Nissan stake valued at 6.6 billion, these assets alone exceed what any potential buyer would require to justify the current market price.
Comparatively, both Stellantis (NYSE: STLA) and Volkswagen hold reserves far exceeding the value of Renault on their balance sheets. In fact, Renault itself possesses enough financial power to buy itself and transition into a private entity. This situation highlights two critical concerns: firstly, the underestimation of long-term risks in the automotive... More
December 4, 2023 12:21 PM EST
Ford Motor (NYSE: F) reported Monday a 0.5% decrease in U.S. new vehicle sales for November. This decline comes as the Detroit automaker is focused on resuming operations in crucial plants following a prolonged workers' strike, impacting overall vehicle production.
In late October, Ford successfully negotiated a... More
December 1, 2023 2:11 PM EST
U.S. President Joe Biden and his administration released guidance on Friday that will impose restrictions on Chinese content allowed in batteries qualifying for electric vehicle (EV) tax credits beginning next year.
In a victory for automakers, the U.S. Treasury is set to provide a temporary exemption for certain essential trace minerals from recently imposed stringent regulations that restrict materials originating from China and other nations labeled as "Foreign Entity of Concern"... More
November 30, 2023 3:29 PM EST
Executives at Ford (NYSE: F) revealed Thursday that the Detroit automaker is intensely focused on cost reduction strategies spanning commodities, labor, warranties, and the design of its upcoming third-generation electric vehicles.
"We're focused on making meaningful changes in cost and quality" over the next year or two, Said CFO John... More
