Company Increases Production to Meet Dealer Demand EUCLID, Ohio, 12 August 2022 /PRNewswire/ — Cortes Campers, LLC, a wholly owned subsidiary of the US Lighting Group, Inc. (OTC:USLG), announced today its first shipment of a 17-foot travel trailer to Beartooth Ford, its dealership in Columbus, Montana. montana is a very popular RV destination. The exclusive … Read more
HIn July 20, 2022, the last Ford rolled off the production line at their plant in Sholinganallur, outside Chennai. With that, the story of Ford’s car production in India came to a halt. Usually in photos celebrating a car sliding off the production line, employees and management look happy as a hit. In this case, … Read more
Three dealer groups expanded with second and third quarter acquisitions, while a new group bought a pair of dealers in May. The following are deals involving luxury, domestic and imported brands in Missouri, Arkansas, Texas, and Vermont. Semersky enters Missouri, adds third Audi storeSemersky Enterprises Inc. expanded its portfolio and entered new states by acquiring … Read more
Ford Motor (NYSE:F – Get Rating) – Equity research analysts at Jefferies Financial Group increased their FY2022 EPS estimate for Ford Motor in a research note issued to investors on Monday, August 8. Jefferies Financial Group analyst P. Houchois now anticipates that the automaker will post earnings per share of $2.04 for the year, up … Read more
Cotton and soybeans grow in the fields of west Tennessee where, in four years, Ford Motor plans to produce electric trucks. Last month Ford and partner SK Innovation said they would invest $11 billion to build an electric vehicle assembly plant, battery plant and garden supplier on a farm 50 miles northeast of Memphis, plus … Read more
A General Motors assembly worker works on assembling the V6 engine, which is used in various GM cars, trucks and crossovers, at the GM Romulus Powertrain plant in Romulus, Michigan. Rebecca Cook | Reuters Automakers including Ford, Volkswagen and Daimler are still struggling to cope with the impact of a global chip shortage, with executives … Read more
Standing on stage at the Michigan Assembly Plant on Wednesday, Ford president and CEO Jim Farley brought a wave of good news. The company’s bet on itself to split into two sectors – electric and internal combustion engines – paid off. Ford more than tripled the overall electric vehicle segment growth in July. “Take it, … Read more
Despite ongoing inventory and supply chain shortages, Ford is determined to defend its Bronco assault. While 2023 will likely be led by the Bronco Raptor, it’s not the only variant of the revived 4×4 Blue Oval nameplate to debut for the new model year. Among the fresh faces is one that fans of the classic … Read more
Facing expensive investments in electric vehicles, the US automaker is following in Tesla’s footsteps by laying off staff as the US economy slips into a technical recession. On Wednesday, Ford chief executive Jim Farley confirmed he wants to reduce the number of employees in his legacy combustion engine business to fund the transformation to EV … Read more
Chennai: A combination of factors such as misreading the market/product design/positioning and heavy investment in a second plant when the capacity of the first plant itself is not fully utilized, has resulted in major US automaker Ford Motor Company biting the dust in India, industry experts say. Ford’s exit would benefit companies in the utility … Read more
