In a rare move, the Hamburg Industrial Development Agency on Wednesday considered canceling its previous approval for Ford Motor Co. to receive a tax rebate of up to $3.1 million on a long-term investment in the Buffalo Stamping Plant because the company will not commit to maintaining current employment levels as part of the five-year … Read more
Here are the biggest calls on Wall Street on Thursday: Wells Fargo upgraded Albemarle to overweight of the same weight. “In the near term, we are upgrading our 2022 and 2023 prospects for ALB at higher lithium prices as companies and competitors have shifted contracts to more variable pricing to take better advantage of tight … Read more
A General Motors assemblyman 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 from … Read more
Here’s Friday’s biggest call on Wall Street: JPMorgan downgrades UPS to neutral from overweight JPMorgan said UPS shares could be held without a key catalyst to boost growth. “Pressure continues to build on US consumers and e-comm growth is slowing. … UPS is operating very well in a dynamic environment but we expect further upgrades … Read more
CEO of Ford Motor Co. Jim Farley walks to speak at a press conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters Ford Motor shares jumped 8.5% on Wednesday during CEO Jim Farley’s first investor day as shareholders cheered the automaker’s new “Ford+” plan that aims to increase profits … Read more
SAN ANTONIO — Ford Motor’s new F-150 Lightning is an electric pickup truck. That might seem obvious because it looks like a truck and has an electric motor and battery instead of an engine, but it needs to be said. Why? Because a successful battery-powered pickup is an important step in the EV transition, for … Read more
DETROIT – Ford Motor’s new Maverick truck will be America’s first pickup with a standard gas-electric hybrid engine when it goes on sale this fall starting at around $20,000. The company unveiled the compact pickup on Tuesday as the smallest vehicle in its highly profitable truck lineup, trailing behind the full-size F-150 and mid-size Ranger … Read more
Fewer people are buying cars in 2020 than usual, but some of the world’s top automakers are going through the pandemic year very well. Drivers in the United States, as they have done every year for nearly four decades, are buying more Ford F-series trucks than any other type of car. People in countries like … Read more
Ford CEO Jim Farley speaks at the unveiling of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. The F-150 Lightning is positioned as the first full-size electric pickup truck to go on sale in the mainstream US market. Bill Pugliano | … Read more
Ford Motor Co said on Tuesday its second-quarter loss would more than double to more than $5 billion from $2 billion in the first quarter due to the impact of the coronavirus pandemic, but added it had enough cash despite the crisis to last the rest of 2020. “We believe the company’s cash is sufficient … Read more
