Tag Archives: Ford

[unable to retrieve full-text content]Ford tops Q1 earnings expectations, sees full-year profit ‘tracking to high-end’ of guidance  Yahoo Finance Source link

In a revolutionary partnership, Ford, General Motors, Google, SunPower, and Sunrun are teaming up to highlight the additional benefits electric vehicles offer beyond producing zero emissions. Electric vehicles are rolling out at a record pace as consumers’ preference for zero-emission electric cars soars. Nearly every automaker – new and legacy – is selling electric vehicles as fast as they are making them, with most experiencing significant backlogs. Why… Source link

WASHINGTON, Jan 10 (Reuters) – Companies including GM, Ford, Google and solar energy producers said on Tuesday they would work together to establish standards for scaling up the use of virtual power plants (VPPs), systems for easing loads on electricity grids when supply is short. Energy transition nonprofit RMI will host the initiative, the Virtual Power Plant Partnership (VP3), which will also aim to shape policy for promoting the use of the systems, the companies said. Virtual power plants… Source link

By Valerie Volcovici WASHINGTON (Reuters) – Companies including GM, Ford, Google and solar energy producers said on Tuesday they would work together to establish standards for scaling up the use of virtual power plants (VPPs), systems for easing loads on electricity grids when supply is short. Energy transition nonprofit RMI will host the initiative, the Virtual Power Plant Partnership (VP3), which will also aim to shape policy for promoting the use of the systems, the companies said. Virtual… Source link

For the second time in two months, Ford (F) has hiked the price of its electric F-150 Lightning pickup. Although this time it’s just for the base Pro model, the price hike of around 11% sends the base model to $51,974, from $46,974 before any federal or state tax credits. In a statement, Ford said it was “adjusting the MSRP on the 2023 F-150 Lightning Pro due to ongoing supply chain constraints, rising material costs and other market factors.” Ford added that current retail order holders… Source link

Costco (COST): Total comparable store sales rose 8.5% in September, beating Wall Street’s earnings estimate of 6.3% growth. Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange rose 8.6%. Net sales for last month totaled $21.5 billion, up 10.1% from a year ago. Ford (F): The company is raising the price of its F-150 lightning for the second time in recent months, driven by higher costs and supply chain issues. The 2023 F-150 Lightning Pro, which is… Source link

Ford (F): Shares fell in extended trading after the company warned of larger costs due to inflation and supply chain challenges. Ford now sees inflation related supply costs to be about $1 billion higher during the quarter compared to its previous estimate and sees supply shortages to affect about 40,000 to 45,000 vehicles, shifting some revenue to the fourth quarter. Ford sees 3Q adjusted EBIT of $1.4 billion to $1.7 billion but reaffirmed its adjusted full-year EBIT guidance. Bitcoin ( Source link

The 2022 Rivian R1T.Tim Levin/Insider Layoffs at EV startup Rivian began this week. The company is cutting costs amid its production ramp-up and concerns about the economy. Former employees are posting on LinkedIn about the cuts, which impacted non-manufacturing roles. Layoffs at Rivian started in late July as the electric vehicle startup races to cut costs amid a challenging economic climate and pressure to increase production. Dozens of workers who say they are now-former employees have… Source link

(Bloomberg) — Shares of Rivian Automotive Inc. sank 21% as some early stakeholders got their first chance to unload shares on Monday. Most Read from Bloomberg Selling restrictions on certain Rivian insiders and investors ended on Sunday, freeing up a sizable chunk of the electric-vehicle maker’s float for public trading. The stock has now collapsed 87% from its November high. Now, the focus turns to the company’s two most prominent corporate backers — Amazon.com Inc. and Ford Motor Co…. Source link

Rivian’s (RIVN) recent stock performance may have burned a hole in many a retail investor’s portfolio. It’s also burned a big hole in Ford (F), and now Amazon’s, quarterly performance. Last night in its first quarter earnings report, Amazon (AMZN) revealed it booked a $7.6 billion mark-to-market loss on its investment in Rivian, which led to an overall $3.8 billion net loss for the quarter. Amazon owns an 18% stake in the electric vehicle maker. Earlier this week, Ford reported an overall $3.1… Source link