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Tesla Gets Relief In Europe, Ford's Electrification Struggles, Lucid Boasts Of Tech Leadership And More: Biggest EV Stories Of The Week
Saturday, August 24, 2024 - 10:00am | 1213Most electric-vehicle stocks advanced in the week ended Aug. 23, rising along with the broader market on hopes that a Federal Reserve rate cut is imminent. But company-specific news weighed down on some of them. Here’s a rundown on what happened in the EV space during the week: Mixed Tidings...
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Is Honda's $11B Canada EV Deal Worth It? Rival Ford Burns Up To $65,000 On Every Electric Car It Sells
Friday, April 26, 2024 - 11:14am | 657Honda Motor Co Ltd (NYSE:HMC) plans to invest $11 billion in Ontario, Canada, to establish a comprehensive electric vehicle (EV) value chain, including new assembly and battery plants. The initiative follows Honda’s previous $4.4 billion investment in a U.S. battery plant and underscores its...
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Ford CFO Says EV Price Cuts Bringing Down Revenue Faster Than Company Can Cut Costs; 'If The Pricing Stabilizes...'
Thursday, April 25, 2024 - 3:46am | 492Dearborn-based Ford Motor Co (NYSE:F), on Wednesday, reiterated its commitment to cutting costs in its EV segment to counter its growing losses and withstanding the ongoing price war. What Happened: Ford is eyeing hitting profitability in its EV segment with the launch of its next generation of...
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Ford Motor Company's CFO Discusses Future Plans And Financial Health At BofA Securities 2024 Automotive Summit
Thursday, March 28, 2024 - 10:29am | 869At the recent BofA Securities 2024 Automotive Summit, Ford Motor Company's Chief Financial Officer, John Lawler, provided an insightful look into the automaker's current financial health and its strategic plans for the future. Lawler's comments offered a comprehensive overview of Ford...
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Ford CEO Jim Farley Says Gen-2 Vehicles Will Be Profitable In 'First 12 Months Of Their Launch'
Wednesday, February 7, 2024 - 1:07am | 471Dearborn-based Ford Motor Co (NYSE:F) expects its next generation of EV products to deliver profits over its EV segment’s cost of capital. What Happened: Ford CEO Jim Farley said during the company’s full-year earnings call on Tuesday that he expects its Gen-2 products to be profitable...
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Tesla Signals Strategy Reversal, Ford To Go Slow On Electrification, Nikola's $165M Legal Windfall And More: Biggest EV Stories Of The Week
Saturday, October 28, 2023 - 9:55am | 1349Most major electric vehicle stocks declined in the week that ended on Oct. 27 amid the broader market weakness, with EV leader Tesla, Inc. (NASDAQ:TSLA) extending its lean patch. The space could see some volatility in the near term, as EV companies are set to begin rolling out their third-quarter...
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What's Going On With Ford Stock Today?
Thursday, March 23, 2023 - 8:55am | 362Ford Motor Co (NYSE: F) shares are moving higher Thursday after the company updated some financial targets and announced changes to its reporting structure ahead of its "teach-in" event. What Happened: Ford will no longer report financials based on regional markets. Instead...
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Is Self Driving Dead? Tesla Gets Sued, Ford Shuts Down Argo AI - But Mobileye IPOs
Friday, October 28, 2022 - 10:32am | 1131Imagine this morning commute: You're in the car, sipping coffee with one hand and browsing the morning news with the other. In fact, you’re in the driver’s seat but you're not steering. The streets are safe and accident-free; traffic flows smoothly. You’re so glad someone...
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Ford Plans More Price Hikes As It Sees $4B Commodity Headwinds This Year
Thursday, April 28, 2022 - 5:07am | 427Ford Motor Co (NYSE: F) CFO John Lawler said on Wednesday it now expects commodity headwinds to double to $4 billion this year and will rely on further price hikes to offset those increases. What Happened: Dearborn, Michigan-based Ford had previously estimated headwinds of between $1.5 billion to $...
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Ford Emphasizes Tesla-Like Strategy, Says Online Sales To Be A 'Bigger Part' Of Its Future
Thursday, April 14, 2022 - 8:22am | 493Ford Motor Co (NYSE: F) Chief Financial Officer John Lawler said on Wednesday that online orders will play a bigger role in its future sales strategy as the legacy automaker undertakes a massive electrification drive to catch up with leader Tesla Inc (NASDAQ:...
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Why Ford Shares Are Rising
Thursday, November 4, 2021 - 10:46am | 163Ford Motor Company (NYSE: F) shares are trading higher after the company announced a cash tender offer to buyback up to $5 billion of the company's higher-cost debt. Ford Motor and its financing subsidiary, Ford Motor Credit Company, also today introduced the North America auto industry's...
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Ford And General Motors Expect Growth In China For 2014
Friday, February 21, 2014 - 1:06pm | 449Two of the big three Detroit automakers anticipate expansion in their Chinese markets this year. Both General Motors China and Ford Motor (NYSE: F) China said they expect to outpace market growth. GM China expects between eight and 10 percent growth for 2014, spokesperson Dayna Hart told...
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Ford Hits Record Annual Sales Figures in China
Monday, January 6, 2014 - 4:22pm | 484A strong line-up of products, good customer demand and ongoing diplomatic tensions between Beijing and Tokyo have apparently helped Ford (NYSE: F) reach record sales figures in China. Ford's China division sold nearly 936,000 wholesale vehicles last year, a 49 percent increase from 2012....