Tag Archives: Ford

The interest appears to be building for Ford’s first-ever all-electric F-150 dubbed the Lightning. Ford (F) has amassed 120,000 orders for the Lightning, CEO Jim Farley told investors on an earnings call Wednesday evening. About 75% of the orders are from those people new to the Ford brand, Farley said.  In late May, Ford said it had 70,000 orders for the Lightning. “I would say what we’ve learned so far [from Lightning orders] is that the customers are largely new to Ford, but they aren’t new… Source link

By Ben Klayman DETROIT (Reuters) -Electric car startup Rivian said on Friday it has closed a $2.5 billion fundraising round led by investors Amazon.com Inc , Ford Motor Co and T. Rowe Price. The announcement came the day after the California-based company said it was exploring building a second U.S. assembly plant. Reuters, citing unnamed sources, reported on Thursday that Rivian’s planned plant, dubbed “Project Tera,” will include battery cell production. “As we near the start of vehicle… Source link

By David Shepardson WASHINGTON (Reuters) -Ford Motor Co said on Friday it was recalling about 775,000 Ford Explorer SUVs worldwide for a steering issue linked to reports of six injuries in North America. The recall covers 2013-2017 model year vehicles that may experience a seized cross-axis ball joint that could cause a fractured rear-suspension toe link, which could significantly diminish steering control, increasing the risk of a crash. The recall covers 676,152 vehicles in North America,… Source link

(Bloomberg) — Ford Motor Co. has switched gears on a previously dour financial outlook, saying it now expects stronger second-quarter results thanks to growing demand for its models and a sharp rise in the prices consumer pay for them. “Our pricing is just strengthening every day,” Chief Executive Officer Jim Farley said Thursday at Deutsche Bank’s automotive conference. “It’s pretty breathtaking actually.” Ford projects that earnings before interest and taxes in the current… Source link

TipRanks Nio vs. Tesla: Investors on the Fence The race for global EV supremacy is on, and growth investors have quite the range of options to choose from in the EV sector. The adoption of EVs is set to continue to accelerate over time. The EV sector is expected to grow at a CAGR of 29% from 2021 to 2026. As such, growth investors have flocked to both Tesla (TSLA) and Nio (NIO) as the beneficiaries of this incredible growth catalyst. Now, the question most investors have on their minds is:… Source link

TipRanks Billionaire Israel Englander Bets on These 2 Penny Stocks Let’s talk about risk, reward, and pennies. The three are related, of course. There’s no reward in the stock market without taking on some risk – and penny stocks offer investors an optimum combination of both. The ‘pennies’ are the lowest cost stocks on the public markets, typically priced below $5 per share. At such a low share price, even a small gain – a share price increase of mere pennies – can quickly… Source link

TipRanks Ride the Crypto Boom with These 3 Stocks Some 15% of the American public owns some form of cryptocurrency – and a large part of that group jumped on the bandwagon in the last two years. The digital currencies – Bitcoin is the most famous, but there are scores of others – offer users a distinct set of advantages, based on their blockchain technology. First, the crypto coins are secure – as a digital technology, blockchain is notoriously difficult to break. Second, the coins… Source link

Bloomberg Central Banks to Pour Money Into Economy Despite Sharp Rebound (Bloomberg) — The aggressive rebound in global economic growth still isn’t enough for most of the world’s central banks to pull back on their emergency stimulus.In Bloomberg’s quarterly review of monetary policy covering 90% of the world economy, the Federal Reserve, European Central Bank and Bank of Japan are among the 16 institutions set to hold interest rates this year.The outlook suggests officials still want… Source link

(Bloomberg) — Ford Motor Co. told employees they can continue to work from home, allowing more than 30,000 to use the office only when they need to, even after the pandemic is over. The “flexible hybrid work model” unveiled Wednesday lets employees choose to stay home for “heads-down work,” while coming to the office for meetings and team-building activities. The system will debut as soon as July and apply mostly to salaried office staff, not factory workers. Kiersten Robinson,… Source link

The recently released Ford Mustang Mach-E is turning out to be something of a success. And rival Tesla (TSLA) is feeling the brunt of that increased competition — on the showroom floor. Looking at recent February auto sales data, analysts at Morgan Stanley discovered an interesting nugget. While battery electric vehicle (BEV) sales outpaced the total vehicle market by nearly 40% in February, Tesla’s BEV market share declined to 69% of the market, vs. 81% a year ago. Morgan Stanley… Source link