Ford's November US vehicle sales slip, EV sales rise
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Ford (F) says Mach-E unlikely to qualify for tax credits in January
December 6, 2023 3:49 PM ESTFord Motors (NYSE: F) revealed Wednesday that their Mustang Mach-E electric vehicles currently occupying dealership lots are unlikely to meet the criteria for federal tax credits starting in January.
Recent guidance from the U.S. Treasury outlined fresh limitations on battery sourcing set to take effect on January 1st. These restrictions aim to steer the U.S. EV supply chain away from dependence on... More
Deutche Bank releases their top auto picks for 2024
December 6, 2023 2:55 PM ESTDeutsche Bank recently unveiled its top selections in the automotive sector for 2024, reflecting a mixed year with positive strides and persistent challenges. Despite the positive momentum in volume recovery and encouraging trends in EV adoption, the industry faced hurdles such as the enduring impact of a lengthy UAW strike and fluctuating EV adoption rates due to pricing uncertainties and tax credit fluctuations.
The analysts at Deutsche Bank are cautious about the upcoming year, citing uncertainties in the economic outlook for both Europe and the US. They anticipate a scenario where global automotive volumes either plateau or decline, offering... More
Ford (F) teams with Xcel (XEL) to install 30k EV Charging stations
December 5, 2023 10:02 AM ESTFords (NYSE: F) commercial division on Tuesday announced a partnership with utility company Xcel Energy (NASDAQ: XEL) to deploy 30,000 electric vehicle (EV) charging stations throughout the United States by 2030.
The partnering companies opted not to disclose financial specifics regarding... More
Who should buy Renault?
December 4, 2023 3:46 PM ESTPurchasing 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
Ford (F) reports decline in U.S. sales in November
December 4, 2023 12:21 PM ESTFord 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
