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10 Big 3 Auto Suppliers To Watch With UAW On Strike
Friday, September 15, 2023 - 11:42am | 735The United Auto Workers (UAW) union initiated a strike against Detroit's three major automakers following the expiration of their contracts. The strike, historically unprecedented in its scale, targets Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA...
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Ford CEO Farley Calls Upon UAW To Negotiate A Deal Before Strike Deadline
Thursday, September 14, 2023 - 5:20pm | 560Ford Motor Co (NYSE: F) is on the precipice of facing one of the largest strikes in its history, as CEO Jim Farley expressed frustration over the lack of counteroffers from the United Auto Workers (UAW) union ahead of the imminent strike deadline tonight at 11:59 p.m. Farley said the...
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Stand Up, Not Out: UAW's Strike Imminent — Union President Shawn Fain Just Rattled The Big 3's Cage
Wednesday, September 13, 2023 - 6:19pm | 694The United Auto Workers (UAW) President Shawn Fain sent a resounding warning to Big 3 automakers Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA), signaling an imminent strike is on the horizon if the union's demands aren't met....
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Adient Reports Mixed Q2, Reaffirms FY23 Guidance, Cautious On Unfavorable Macro Factors
Wednesday, May 3, 2023 - 1:35pm | 280Adient PLC (NYSE: ADNT) reported second-quarter FY23 sales growth of 12% Y/Y to $3.91 billion, beating the consensus of $3.76 billion. Revenues benefitted from higher volumes and slight commercial recoveries in the quarter. Gross profit increased to $250 million from $175 million a...
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Trading Strategies For Ford Stock Before And After Q4 Earnings
Thursday, February 2, 2023 - 3:03pm | 601Ford Motor Company (NYSE: F) is set to print its fourth-quarter financial results after the market close today (Feb. 2). The stock was motoring north heading into the event, trading up more than 5%. When the legacy-turning-electric vehicle manufacturer printed its third-quarter results on Oct...
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People Aren't Keeping Up With Car Payments — And It Hasn't Been This Bad Since 2009
Friday, January 27, 2023 - 11:05am | 552A recent tweet by "CarDealershipGuy" grabbed a lot of attention. About 1.84% of auto loans are now "severely delinquent," he said, citing Cox Automotive data. That's the highest rate since February 2009 — a time when the global automotive industry spiraled as a result...
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Consumer Shift To Electric — Or High Prices Scaring Buyers Off? Used Car Index Shows Largest Decrease In 7 Months
Thursday, October 13, 2022 - 3:57pm | 406According to consumer price index data provided by the U.S. Bureau of Labor Statistics (BLS) on Thursday, the used car and truck index showed a 1.1% decline, coming in at 7.2% following a 0.1% decline in August. This is the largest drop in the used car and truck index since March of this year. The...
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Ford Revamps F-Series Super Duty Pickup Trucks With New Design, 5G Connectivity: Here's When It Will Be Released
Tuesday, September 27, 2022 - 9:17pm | 446Ford Motor Company (NYSE: F) on Tuesday unveiled its new 2023 F-Series Super Duty lineup of pickup trucks and chassis cabs that will cater to essential commercial industries. Release: The 2023 Ford F-Series Super Duty is assembled at Kentucky Truck Plant in...
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Ford To Report Special Items During Q4 Results — Including $8.2B Gain From Rivian Investment
Tuesday, January 18, 2022 - 7:07pm | 393Ford Motor Company (NYSE: F) announced Tuesday that it intends to report several large special items during the company's upcoming financial results. The most obvious is Ford's $8.2 billion gain from its equity investment in Rivian Automotive Inc (...
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Ford Motor Company Reaches Record $100B Market Cap As Stock Defies The SPY: What's Next?
Thursday, January 13, 2022 - 3:37pm | 650Ford Motor Company (NYSE: F) popped up about 5% higher at one point on Thursday to reach a $100 billion market cap for the first time in history. Intraday, the stock was holding much of its gains in defiance to the SPDR S&P 500 ETF Trust (NYSE: SPY) which was pulled back about 0....
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Chart Wars: Why Ford And Lucid Stocks Look Ready For Big Moves In 2022
Monday, January 10, 2022 - 2:14pm | 829Ford Motor Company (NYSE: F) and Lucid Group Inc (NASDAQ: LCID) were consolidating on Monday despite the SPDR S&P 500 ETF Trust (NYSE: SPY) tanking more than 2% at one point off Friday’s closing price. The two automakers have outperformed the general markets over the past...
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Xiaomi To Open Car Plant In Beijing With Annual Output Of 300K Vehicles
Saturday, November 27, 2021 - 6:02pm | 227Chinese designer and manufacturer of consumer electronics Xiaomi Corp (OTC: XIACF) says it will build a car plant in Beijing which will produce close to 300,000 vehicles annually. The plant will be constructed for its electric vehicle unit. It will also build its auto unit'...
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Ford's Stock Shifts Up A Gear And Continues To Climb, But Where's It Headed?
Wednesday, November 3, 2021 - 5:11pm | 467Ford Motor Company (NYSE: F) shares are trading higher Wednesday after the company reported October auto sales. October sales came in at 175,918 vehicles, a decrease of 4% year over year. The stock was trending on social media sites such as StockTwits. Ford was up 3.44% at $18.63 at...
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Ford Stock Flies Through Resistance, Options Traders Place Big Bets
Monday, September 27, 2021 - 4:48pm | 613Ford Motors Company (NYSE: F) was trading up over 3.5% higher Monday amid renewed interest in the EV and automaker sectors. The stock drove straight through resistance at the $14.23 mark after consolidating under the level on smaller time frames. Technical traders may have seen the move coming...
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Consumer Demand Fuels Carvana Upgrade
Monday, May 3, 2021 - 1:11pm | 272Carvana Co.'s (NYSE: CVNA) inventory has recovered to more than 32,000 units in 2021 and appears well-positioned to meet rising consumer demand, according to BofA Securities. The Carvana Analyst: Nat Schindler upgraded the rating for Carvana from Neutral to Buy, while raising the...