[ad_1] Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – The United Auto Workers union will for the first time this week attempt to organize a …
Read More »5 things to know before the stock market opens Tuesday, December 6
[ad_1] A trader works on the floor of the New York Stock Exchange (NYSE), December 5, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Rough start Stocks got off on the wrong foot this week with an …
Read More »Ford CEO says 65% of U.S. dealers agree to sell EVs
[ad_1] Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – About 65% of Ford Motor’s dealers have agreed to sell electric vehicles as the company invests billions to expand production and sales of the battery-powered cars and trucks, CEO …
Read More »5 things to know before the stock market opens Monday, December 5
[ad_1] Traders work on the floor of the New York Stock Exchange during morning trading on December 2, 2022 in New York City. Michael M. Santiago | Getty Images Here are the most important news items that investors need to start their trading day: 1. Waiting on the Fed The …
Read More »Ford claims No. 2 spot in EVs behind Tesla, passing Hyundai
[ad_1] Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor said Friday that it has achieved CEO Jim Farley’s goal of becoming the second best-selling automaker …
Read More »Wall Street’s bullish on 3 Club stocks Wednesday
[ad_1] Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were subject to Wall Street research on Wednesday. Here’s the latest analyst commentary on these Club holdings, along with our view. Apple Analyst take: Baird lowered its estimate for iPhone manufacturing in Apple’s fiscal first quarter by 8 million units, …
Read More »Hyundai’s best years in the U.S. face test from Biden Inflation Reduction Act
[ad_1] Drew Angerer | Getty Images News | Getty Images SAVANNAH, Ga. — Hyundai Motor Group is having its best years ever in the U.S. The South Korean automaker has successfully moved from bargain economy vehicles and dancing hamsters to competing against formidable automakers in the highly profitable American market. …
Read More »I still see another bad quarter ahead for Ford Motor
[ad_1] Ford Motor Co: “I still see another bad quarter ahead because they don’t have the right inventory, and then maybe things can get better.” Duolingo Inc: “Everyone I know loves it. … However, it’s not doing well financially, so therefore I’m not going to give it my blessing.” ImmunoGen …
Read More »Ford says making its own parts for electric vehicles could offset job losses
[ad_1] Ford CEO Jim Farley (left) with Michael Wayland / CNBC DETROIT – Ford Motor is attempting to build as many of its own parts as possible for its electric vehicles to offset an expected 40% reduction in workers needed to build such cars and trucks, CEO Jim Farley said …
Read More »Same Industry, two increasingly different companies
[ad_1] Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — “Same industry. Two different companies.” That’s how influential Morgan Stanley auto industry analyst Adam Jonas recently described General Motors and Ford Motor — bitter rivals for more than a century. The two have …
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