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Read previewFord's bet on hybrids looks like it's paying off. By comparison, the company's pure EV business has struggled. Ford's crosstown rival General Motors, meanwhile, has reversed its "all-in" electric vehicle strategy and pledged to bring back hybrids into its North American vehicle lineup. Not to be outdone, Ford is also doubling down on hybrids, even as it cuts back on some EV investments. "The EV adoption rate globally is under pressure, and a lot of other auto manufacturers are pulling back on EVs and pursuing plug-in hybrids instead," said Musk in the company's earnings call.
Persons: , Jim Farley, Farley, Ford, Elon Musk, Motors, Jim Baumbick Organizations: Service, Detroit, US, Toyota, Honda, Business, Ford Model, Motors, Volkswagen, EV, The New York Times, American, Elon Locations: North America
Ford Motor on Wednesday evening delivered higher than expected profits in the first quarter, driven by strength in its commercial business. Quarterly commentary Ford Blue , which represents Ford's gas-powered and hybrid vehicles, saw volumes and revenues down 11% and 13%, respectively. The lower volumes shouldn't be much of a surprise given Ford's pivot toward making more in-demand hybrids and ICE vehicles. Ford raised its adjusted free cash flow outlook for the year by $500 million to between $6.5 billion and $7.5 billion. Lowered capex with higher profits is what we want to see because greater capital efficiency should translate to a higher multiple.
Persons: Wall, Adam Jonas, Morgan Stanley —, Ford, we're, Jim Farley, Farley, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Ford, Automotive, LSEG, General Motors, Tesla, Ford Pro, Pro, EV, Software, CNBC, Ford Dearborn Plant, Getty Locations: Ford, Dearborn , Michigan
But it is the only traditional automaker to break out results of its retail EV sales. And the results it reported Wednesday show another sign of the profit pressures on the EV business at Ford and other automakers. The EV unit, which Ford calls Model e, sold 10,000 vehicles in the quarter, down 20% from the number it sold a year earlier. Some are also sold in its Ford Pro unit, which handles fleet sales to businesses and government buyers. The number of vehicles sold by Ford Pro was up 21% to 409,000.
Persons: Ford, John Lawler, Jim Farley, Tesla Organizations: New, New York CNN, Ford, , Ford Pro, US Postal Service, General Motors, American EV, Jeep, Dodge, Chrysler, European EV Locations: New York, EBIT, North America
Forget Tesla , the real competition in electric vehicles is low-cost Chinese automakers. Farley wants to be prepared even if the U.S. government were to step in to curtail Chinese automakers' access. Outlook Ford investors shouldn't be concerned in the short term since Chinese EV competitors won't enter the market overnight. To that end, a group of lawmakers has urged the White House to boost tariffs on Chinese vehicles and figure out a way to be "prepared to address the coming wave" of Chinese vehicles by way of U.S. other trading partners. The cost of production will become more efficient, resulting in a more competitive and hopefully profitable Ford EV product.
Persons: Forget Tesla, Jim Farley, BYD, Ford, Farley, , Warren, Berkshire Hathaway, Morgan Stanley, I've, Tom Narayan, Stellantis, Narayan, Tesla, Jim Cramer, Jim, It's, RBC's Narayan, Ford's Farley, Wolfe, Jeff Windau, Edward Jones, shouldn't, Biden, Windau, doesn't bode, Jim Cramer's, Charly Triballeau Organizations: Nikkei, Wolfe Research, Ford, RBC Capital Markets, U.S, EV, Detroit, General Motors, Chrysler, Ford Blue, Ford Pro, Ford Model, CNBC, ICE, Ferrari, North, Outlook, Bloomberg, Ford EV, American EV, AFP, Getty Locations: U.S, Mexico, China, Europe, Indonesia, Hungary, Thailand, Inwood , New York
A lot of that credit belongs to Ford Pro, which increasingly looks undervalued by the market for its profit potential. The ongoing capital discipline, leverage to hybrids, profitability of Pro, and potential turnaround in quality control keep us invested in Ford. Revenues over the full year increased 19% and EBIT more than doubled to $7.2 billion, reflecting a margin of 12.4%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Ford CEO Jim Farley speaks at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan.
Persons: Ford, we've, Jim Farley, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Ford Motor, Management, Automotive, LSEG, Ford, UAW, Ford Pro, Blue, Ford Model, Revenues, Bloomberg, CNBC, Ford Rouge Electric Vehicle Center, Getty Locations: EVs, Blue U.S, Dearborn , Michigan, U.S
The start of the 1920s brought in a new era for transportation, and automobiles had become a mainstream method of travel for many people. A man fills up his automobile at a fueling station in 1924. National Motor Museum/Heritage Images/Getty ImagesThough many countries were still recovering from the negative effects of World War I, by 1924 the United States had bounced back and become a hive of industry. One of the most popular vehicles of the time was the Ford Model T, which the Ford Motor Company sold between the years 1908 and 1927. When it was time to fill up the tank, drivers would pull into a fueling station, like the one pictured above, where gas would run you between 13 and 25 cents per gallon.
Organizations: National Motor Museum, Ford, Ford Motor Company Locations: United States
The Sudden Death of a Model Magnate
  + stars: | 2023-11-02 | by ( Guy Trebay | ) www.nytimes.com   time to read: +1 min
Not without reason has modeling been termed the ugly business of being beautiful. Opaque, barely regulated and often cutthroat, it is seldom viewed as an incubator of big-hearted altruists. Instrumental over his 30-year career in finding and then shaping the careers of some of the most stellar names in the business — among them, Gisele Bündchen, Liya Kebede, Carolyn Murphy, Gigi Hadid, Stephanie Seymour, Tyra Banks, Kate Upton and Joan Smalls — he was also an early champion of diversity and inclusion and a canny marketer with a gift for anticipating shifts in the overall cultural mood. When Mr. Bart went to IMG after a previous job heading Ford Models, “people still thought of models as having a use-by date,” said James Scully, a retired casting agent and himself a noted star-maker. “It was, ‘You had your moment, and now there’s a new car in town.’”Mr. Bart, by contrast, took a long view of the talents he helped foster and had a singular ability to recalibrate a model’s trajectory, often more than once over the course of their career.
Persons: Ivan Bart, Fern Mallis, , Bart, Gisele Bündchen, Liya Kebede, Carolyn Murphy, Gigi Hadid, Stephanie Seymour, Tyra Banks, Kate Upton, Joan Smalls —, James Scully, , , Mr Organizations: IMG, Ford
Ford (F) reported weaker-than-expected earnings on Thursday as warranty costs ate into profits. Earnings before interest and taxes (EBIT) increased 22% from last year to $2.2 billion but fell short of the $2.7 billion analysts forecasted. Ford shares moved more than 3% lower in after-hours trading in reaction to the disappointing quarter. Ford said the strike has caused Ford to trim about 80,000 units from its plan, reducing 2023 EBIT by $1.3 billion. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Ford, we've, Jim Farley, John Lawler, Jim Cramer's, Jim Cramer, Jim, James Farley, Emily Elconin Organizations: Ford, United Auto Workers union, LSEG, UAW, Ford Model, Management, Ford Pro, United Auto Works, CNBC, Ford Motor Co, Rouge Electric Vehicle, Bloomberg, Getty Locations: EVs, Dearborn , Michigan, U.S
As a result, it's postponing about $12 billion in planned spending on new EV manufacturing capacity. But it now plans to ramp up its EV manufacturing capacity, and its spending on that capacity, more gradually than previously planned. Lawler said that Ford will postpone about $12 billion in planned spending on manufacturing capacity for EVs, including a planned second battery plant at a new campus in Kentucky. But, he noted, construction of Blue Oval City – Ford's new EV manufacturing campus in Tennessee – will continue as originally planned. As part of its third-quarter earnings report, Ford said on Thursday that its electric-vehicle business unit, called Ford Model e, lost $1.3 billion on an operating basis in the period.
Persons: Ford's –, Ford, John Lawler, Lawler Organizations: Ford, Blue Oval, Model, United Auto Workers Locations: North America, Kentucky, Tennessee
Ford withdraws 2023 forecast, warns on EV results
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +1 min
Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsOct 26 (Reuters) - Ford Motor Co (F.N) on Thursday withdrew its full-year results forecast due to the pending ratification of its deal with the United Auto Workers (UAW) union, sending shares of the company down 7% in after-hours trade. Ford's Detroit rival General Motors (GM.N) on Tuesday withdrew its 2023 profit outlook due to the strike. Ford said third-quarter revenue rose 11% to $44 billion, with profit of $1.2 billion compared with a year-earlier loss of $827 million. The automaker warned it may experience a higher-than-expected loss in its Ford Model e electric-vehicle business due to ongoing price wars.
Persons: Wolfgang Rattay, Ford, Nathan Gomes, Paul Lienert, Devika Syamnath, Matthew Lewis Organizations: REUTERS, Ford Motor, Thursday, United Auto Workers, UAW, Ford, Wednesday, Detroit Three, Anderson Economic Group, General Motors, Tuesday, Ford Model, Thomson Locations: Frankfurt, Germany, Detroit, Texas, Bengaluru
How Miuccia Prada Reinvented Fashion
  + stars: | 2023-10-19 | by ( Nick Haramis | ) www.nytimes.com   time to read: +111 min
A few seasons earlier, for Miu Miu’s spring 2022 collection, Prada delivered raw-edge chino micro-miniskirts belted below the hip bone. Firstview (8); courtesy of Prada PRADA STILL resides in the Milanese apartment where she and her two older siblings, Marina and Alberto, grew up. In 1993, her days of on-the-ground protest behind her — she’d long stopped handing out flyers at rallies — Prada and Bertelli created Milano Prada Arte, which later became the Fondazione Prada. Styled by Suzanne Koller FOR THE PAST few years, Miuccia Prada hasn’t had to do quite as much all by herself. © TriStar/Everett Collection Bening and Warren Beatty in “Bugsy.” Everett Collection Bening in “American Beauty” (1999).
Persons: Queen Latifah Annette Bening Henry Taylor Miuccia Prada, I’m, Queen Latifah, Henry Taylor, D’Angelo Lovell Williams, Miuccia Prada, Collier Schorr, Annette Bening, Katy Grannan, Delphine Danhier, Rob Talty, Sara Tagaloa, Rahim Fortune, Ian Bradley, Iasia Merriweather, Raisa, Prada, you’ve, YANAGIHARA, MIUCCIA PRADA, David Cronenberg, Jean, Luc Godard, Dara Birnbaum, Galleria Vittorio Emanuele II, Mario Prada, Patrizio Bertelli, Miu Miu, Guy Marineau, Condé Nast, , , Homer, “ Prada Marfa, Lauren Weisberger’s, Wears, Drake, Prada hasn’t, Carsten Höller, “ It’s, Suzanne Koller Prada, Suzanne Koller, Gerhard Richter, — Rei Kawakubo, Martin Margiela, she’s, Domenico Dolce, Stefano Gabbana, Donatella Versace, Suzanne Koller “, Francesco Vezzoli, Olivier Rizzo, Ferdinando Verderi, Theaster Gates, Uma Thurman, Frank Ocean, , Carla Sozzani, Corso, Vivienne Westwood, Yves Saint Laurent, jolie laide, It’s, “ She’s, Lotta Volkova, Miu Miu’s, Guido Palau, they’d, , Tom Ford, prim, ” Prada, Prada PRADA, Luisa Prada —, Sozzani —, Miuccia’s, Luigi Bianchi, she’d, Godard, Pier Paolo Pasolini, Bertelli, we’re, Lorenzo Bertelli, Giulio Bertelli, they’re, ” Francesco Risso, ” Risso, Fabio Zambernardi, “ Bottega, Gaetano Pesce, Saint Laurent, Pedro Almodóvar, Rem Koolhaas, ” James Jean, Frédéric Sanchez, Sanchez, cardigans, Marc Jacobs, Robert Gober, Louise Bourgeois, there’s, Gober, Suzanne Koller Prada pongee, — Prada, Milano, Damien Hirst, ” Koolhaas, Koolhaas, “ I’d, Wes Anderson — who’s, Bar Luce, Fondazione Prada —, ” “, Hirst, Prada sighed, ’ ” Prada, Miuccia Prada hasn’t, Raf Simons, Prada’s, Simons, ” Simons, Dior, Calvin Klein, Jil Sander, ” he’d, Miuccia, ’ ”, Andrea Guerra, Lorenzo, who’d, ” Miu, Antoneta Alamat, ” Miuccia Prada, Elio Berenett, Saunders, Awar Odhiang, Jonas Glöer, Chloe Nguyen, Estrella Gomez, America Gonzalez, Marie Duhart, Rafael Medeiros, Stefano Poli, Ariel Sadok, Cameron Koskas, Vassili, Alexandra Adams, Vincent Brière, Vira, Natsuki Oneyama, 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Will, Smith, Wright ”, “ Bessie, Bessie Smith, Dee Rees, Ma Rainey, Jack Gee, Michael K, Williams, Compere’s, helpfully, Sylvia Robinson, Debra Martin Chase, Wright ” —, Lancelot Owens Sr, Pinkett Smith, Edward Woodward, Denzel Washington, Latifah’s Robyn McCall, Danyel, Vi, Lorraine Toussaint, Robyn, Paul Drinkwater, Cress Williams, Adam Lazarre, Everett, Kimberly Elise, Vivica, Nicola Goode, LL, “ Bessie ”, Frank Masi, David Lee, Jocelyn Prescod, scleroderma, David Jolicoeur, Love —, Eboni Nichols, she’ll, gazes, Bruce Springsteen, Sarah Vaughan, Frank Sinatra, “ I’m, They’ve, Cartier, Iasia Estée, Raisa Flowers, Adrien Potier, Fallou, Nuvany David, Manicurist, Lisa Logan, Derrick Bernard, Casey Jones, Stylist’s, Charles Ndiomu, Tyler Sparling, ANNETTE BENING, Diana Nyad, “ Nyad, Bening’s, Jimmy Chin, Elizabeth Chai Vasarhelyi, Alex Honnold’s, ” Chin, Nyad, Bening, Rada Owen, Owen “, Ralph Lauren, Carrie Fisher’s, Julia ”, Robert Caro, ” Bening, that’s, Delphine Danhier Gabriela 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Annette Bening Knows a Thing or Two About Difficult Women
  + stars: | 2023-10-19 | by ( Ligaya Mishan | ) www.nytimes.com   time to read: +111 min
© TriStar/Everett Collection Bening and Warren Beatty in “Bugsy.” Everett Collection Bening in “American Beauty” (1999). © DreamWorks/courtesy of Everett Collection Bening and Jeremy Irons in “Being Julia” (2004). © Sony Pictures Classics/Everett Collection Bening and Julianne Moore in “The Kids Are All Right” (2010). Suzanne Tenner/© Focus Features, via Everett Collection Bening and Billy Crudup in “20th Century Women” (2016). Firstview (8); courtesy of Prada PRADA STILL resides in the Milanese apartment where she and her two older siblings, Marina and Alberto, grew up.
Persons: Queen Latifah Annette Bening Henry Taylor Miuccia Prada, I’m, Queen Latifah, Henry Taylor, D’Angelo Lovell Williams, Miuccia Prada, Collier Schorr, Annette Bening, Katy Grannan, Delphine Danhier, Rob Talty, Sara Tagaloa, Rahim Fortune, Ian Bradley, Iasia Merriweather, Raisa, Prada, you’ve, YANAGIHARA, ANNETTE BENING, Diana Nyad, “ Nyad, , Bening’s, Jimmy Chin, Elizabeth Chai Vasarhelyi, Alex Honnold’s, ” Chin, , Nyad, Bening, , Rada Owen, Owen “, Ralph Lauren, Carrie Fisher’s, Julia ”, Robert Caro, ” Bening, that’s, Delphine Danhier Gabriela Hearst poncho, Dianne Feinstein, She’s, Austin Butler, Elvis, manqué, “ It’s, Mike Mills, Nyad ”, Diana, he’s, Cillian Murphy, “ Oppenheimer, Kurt Collins, BENING, Tina, Tony, Pierre Choderlos, didn’t, Marquise de Merteuil, Milos Forman’s “, Glenn Close, Valmont, she’s, Lisa Cholodenko, Meryl Streep, Alexander McQueen, Forman, Stephen Frears, Myra Langtry, Langtry, Bugsy ”, she’d, Warren Beatty, moll Virginia Hill, Reagan, “ I’ve, Fairuza, “ Valmont ”, “ Bugsy ”, “ Bugsy, ” Everett, Jeremy Irons, Julianne Moore, Suzanne Tenner, Billy Crudup, Merrick Morton, “ Nyad ”, ” Liz Parkinson, Liz Parkinson, Angela Bassett, Frances McDormand, Tilda Swinton, Rather, you’re, Pete Zuccarini, Jodie Foster, Nyad’s, Tracy Letts, ” Letts, — “, Beatty, ” Mills, Ella Beatty, “ She’s, ” Vasarhelyi, Dale Carnegie’s, Sophie Buhai, Vasarhelyi, they’re, I’ve, slathering, Michael Douglas, Robert De Niro, Harrison Ford, Julia, callow, Shaun Evans, Corey Stoll, Howard Hughes —, “ I’m, it’s, Jesse Hoffman, Cam Lindfors, Christian Scutt, Ronna Jones, Francesca Martin, Susie Kourinian, Rachel Pollen, Jazmine Robinson, MIUCCIA PRADA, David Cronenberg, Jean, Luc Godard, Dara Birnbaum, Galleria Vittorio Emanuele II, Mario Prada, Patrizio Bertelli, Miu Miu, Guy Marineau, Condé Nast, Homer, “ Prada Marfa, Lauren Weisberger’s, Wears, Drake, Prada hasn’t, Carsten Höller, Suzanne Koller Prada, Suzanne Koller, Gerhard Richter, — Rei Kawakubo, Martin Margiela, Domenico Dolce, Stefano Gabbana, Donatella Versace, Suzanne Koller “, Francesco Vezzoli, Olivier Rizzo, Ferdinando Verderi, Theaster Gates, Uma Thurman, Frank Ocean, Carla Sozzani, Corso, Vivienne Westwood, Yves Saint Laurent, jolie laide, It’s, Lotta Volkova, Miu Miu’s, Guido Palau, they’d, , Tom Ford, prim, ” Prada, Prada PRADA, Luisa Prada —, Sozzani —, Miuccia’s, Luigi Bianchi, Godard, Pier Paolo Pasolini, Bertelli, we’re, Lorenzo Bertelli, Giulio Bertelli, ” Francesco Risso, ” Risso, Fabio Zambernardi, “ Bottega, Gaetano Pesce, Saint Laurent, Pedro Almodóvar, Rem Koolhaas, ” James Jean, Frédéric Sanchez, Sanchez, cardigans, Marc Jacobs, Robert Gober, Louise Bourgeois, there’s, Gober, Suzanne Koller Prada pongee, — Prada, Milano, Damien Hirst, ” Koolhaas, Koolhaas, “ I’d, Wes Anderson — who’s, Bar Luce, Fondazione Prada —, ” “, Hirst, Prada sighed, ’ ” Prada, Miuccia Prada hasn’t, Raf Simons, Prada’s, Simons, ” Simons, Dior, Calvin Klein, Jil Sander, ” he’d, Miuccia, ’ ”, Andrea Guerra, Lorenzo, who’d, ” Miu, Antoneta Alamat, ” Miuccia Prada, Elio Berenett, Saunders, Awar Odhiang, Jonas Glöer, Chloe Nguyen, Estrella Gomez, America Gonzalez, Marie Duhart, Rafael Medeiros, Stefano Poli, Ariel Sadok, Cameron Koskas, Vassili, Alexandra Adams, Vincent Brière, Vira, Natsuki Oneyama, Joel Phillips, Manicurist’s, Akane Kanazawa, Marek Dague, QUEEN LATIFAH, DANA OWENS, She’d, Melle Mel, Big Daddy Kane, D.J.s, Owens, Nikki Giovanni, Octavia E, Butler, M.C.s, Latifah, Jazzy Joyce, MC Lyte, Lyte, ” Latifah, We’re, Shakim Compere, Norma Kamali, David Yurman, David Webb, Ian Bradley Louis Vuitton, Monie, Gary Gray’s, Tracy Oliver, Kenya Barris, Megan Thee, Viola Davis, LATIFAH, Michael Jackson, who’ve, Shakim, Rita Owens, Compere, Rita, scions, Amina, Amiri Baraka, Lauryn Hill, Latifah wasn’t, Lyte’s, Roxanne, Roxanne Shanté, Dana Owens, Danyel Smith, Queen Latifah —, Latifah ”, Tommy Boy, Jada Pinkett Smith, I’d, , ” Pinkett Smith, Al Pereira, Michael Ochs, Raymond Boyd, Getty, D’s, Gray, Latifah’s, Luther Vandross’s, Lancelot Owens Jr, Winki, Kierna Mayo, Love, merrily hyperhappy, Harriet Tubman, Angela Davis, Winnie Mandela, Tipper Gore, Al Gore, ” Love, Giorgio Armani, Van Cleef, Will Smith’s, Bel, Amanda Wicks, John Singleton’s “, Cleo, Clover Hope, “ Will, Smith, Wright ”, “ Bessie, Bessie Smith, Dee Rees, Ma Rainey, Jack Gee, Michael K, Williams, Compere’s, helpfully, Sylvia Robinson, Debra Martin Chase, Wright ” —, Lancelot Owens Sr, Pinkett Smith, Edward Woodward, Denzel Washington, Latifah’s Robyn McCall, Danyel, Vi, Lorraine Toussaint, Robyn, Paul Drinkwater, Cress Williams, Adam Lazarre, Everett, Kimberly Elise, Vivica, Nicola Goode, LL, “ Bessie ”, Frank Masi, David Lee, Jocelyn Prescod, scleroderma, David Jolicoeur, Love —, Eboni Nichols, she’ll, gazes, Bruce Springsteen, Sarah Vaughan, Frank Sinatra, They’ve, Cartier, Iasia Estée, Raisa Flowers, Adrien Potier, Fallou, Nuvany David, Manicurist, Lisa Logan, Derrick Bernard, Casey Jones, Stylist’s, Charles Ndiomu, Tyler Sparling, HENRY TAYLOR, Taylor, Thom Browne cardigan, Philando, Diamond Reynolds, Henry Taylor’s “, Mark Dever, Dever, ” Dever, Castile, he’ll, Steve Cannon, Cannon, ” Taylor, Joshua White, panhandlers —, Cora, isn’t, He’s, Michelle Obama, Bob Dylan, Alice Coachman, Chuck Berry, Jay, Stanley Williams, Haile Selassie I, Taylor’s “ Cora, Jeff McLane Taylor, — Pablo Picasso, Philip Guston, Henri Matisse, Robert Rauschenberg —, Donald Trump’s, he’d, Picasso, Jordan Casteel, Kerry James Marshall, Jennifer Packer, Amy Sherald, Barack Obama, Michelle, Pharrell Williams, Kendrick Lamar’s, He’d, Emmett Till, Till, Till’s, Dana Schutz, Hannah Black, Schutz, William Styron, Nat Turner, George Jackson, Randy, Jackson, “ George Jackson ”, Dylan, Medgar Evers, Evers, Ku Klux Klan who’d, Taylor’s “ Cicely, Miles, Sam Kahn, Hershal, Taylor didn’t, Taylor’s, who’s, Bill Traylor, James Jarvaise, Jarvaise, Rauschenberg, Jasper Johns, Louise Nevelson, Frank Stella, Mark Bradford —, Hauser, Wirth —, Michel Foucault, Jacques Derrida Organizations: Key West, Liverpool ”, SAG, Telluride Film, Variety, Broadway, Miami, Writers Guild of America, Orion Pictures, Everett, Miramax, DreamWorks, Sony Pictures, Netflix, Kimberley, Juilliard, Hollywood, Forward Artists, Fondazione Prada, New, Galleria Vittorio, Prada, Prada Group, Olympic, Harvard, Gucci, University of Milan, Union of Italian, Communist Party, ABC, Suzanne Koller Journalists, Yorker, Milano Prada Arte, Fondazione, tote, New York, Guggenheim, OMA, Next Management, Oui Management, Ford Models, Lumien, Management Paris, IMG Models, America, Bryant Artists, Burger, Swatch, Irvington High School, Black Arts, Hit Factory, Ramada, Flavor Unit Entertainment, CBS, WHO, Factory, Irvington, Tommy Boy Records, Unit, Michael Ochs Archives, Getty, AMC, Play Studios, Music Resource Center, “ Chicago ”, HBO, Jazz, Mo’Nique, Sugar Hill Records, Winki, , NBCU, Warner Brothers, Fox, Paramount, Fox Searchlight Pictures, Bank, BET, Hawks, Mori, Digital, Minn, Facebook, Hauser & Wirth, Museum of Contemporary Art, Whitney Museum of American Art, MoMA, Los, Whitney Biennial, Biennial, Black America, New York Times, Louis Vuitton, Black Panthers, U.S ., San, Prison, Ku Klux Klan, Ardmore, New York’s Museum of Modern, California Institute of Arts, Wirth Locations: Havana, Key, Fla, Bening, Dominican Republic, Capitan, Yosemite, San Diego, Los Angeles, Simi Valley, Calif, Givenchy, Liverpool, Nyad, Cuba, Florida, San Francisco, Denver, New York, Tina Howe’s, Champagne, yips, America, Hollywood, , Kimberley, “ Nyad, American, Topeka, Kan, Wichita, San Fernando Valley, San Carlos, Milan, Canadian, Switzerland, , Marfa , Texas, Italian, Belgian, Corso Como, Paris, British, chino, Firstview, Milanese, Alberto, Europe, Italy, , Taiwanese American, there’s, Manhattan, Koolhaas, Rotterdam, Netherlands, New, Antwerp, Croatian, Newark , N.J, Midtown Manhattan, Hudson, Brooklyn, Hit Factory , New York City, NoHo, New York City, Lafayette 148 New York, New Jersey, Newark, Jersey, Baltimore, Chicago, Milwaukee, Queens, “ Chicago, Watts, Koreatown, Philando Castile, St, Paul, Oxnard, California, Mississippi, U.S, San Quentin, Castile, bro, Naples, East Texas, Ardmore, Alabama
© Miramax/courtesy of Everett Collection Latifah and LL Cool J in “Last Holiday” (2006). © Paramount/courtesy of Everett Collection Latifah in “Bessie” (2015). David Lee/© Fox Searchlight Pictures, via Everett Collection Latifah on “The Equalizer” in 2023. Firstview (8); courtesy of Prada PRADA STILL resides in the Milanese apartment where she and her two older siblings, Marina and Alberto, grew up. © TriStar/Everett Collection Bening and Warren Beatty in “Bugsy.” Everett Collection Bening in “American Beauty” (1999).
Persons: Queen Latifah Annette Bening Henry Taylor Miuccia Prada, I’m, Queen Latifah, Henry Taylor, D’Angelo Lovell Williams, Miuccia Prada, Collier Schorr, Annette Bening, Katy Grannan, Delphine Danhier, Rob Talty, Sara Tagaloa, Rahim Fortune, Ian Bradley, Iasia Merriweather, Raisa, Prada, you’ve, YANAGIHARA, QUEEN LATIFAH, DANA OWENS, , She’d, Melle Mel, Big Daddy Kane, she’d, D.J.s, Owens, Nikki Giovanni, Octavia E, Butler, M.C.s, Latifah, Jazzy Joyce, MC Lyte, Lyte, ” Latifah, We’re, She’s, Shakim Compere, , Norma Kamali, David Yurman, David Webb, Ian Bradley Louis Vuitton, Monie, Gary Gray’s, Tracy Oliver, Kenya Barris, Megan Thee, Viola Davis, it’s, LATIFAH, Michael Jackson, who’ve, Shakim, Rita Owens, Compere, Rita, scions, Amina, Amiri Baraka, Lauryn Hill, Latifah wasn’t, Lyte’s, Roxanne, Roxanne Shanté, Dana Owens, Danyel Smith, Queen Latifah —, Latifah ”, Tommy Boy, Jada Pinkett Smith, I’d, , ” Pinkett Smith, Al Pereira, Michael Ochs, Raymond Boyd, Getty, D’s, Gray, Latifah’s, Luther Vandross’s, Lancelot Owens Jr, Winki, Kierna Mayo, Love, merrily hyperhappy, Harriet Tubman, Angela Davis, Winnie Mandela, Tipper Gore, Al Gore, ” Love, they’d, Giorgio Armani, Van Cleef, Will Smith’s, Bel, Amanda Wicks, John Singleton’s “, Cleo, Clover Hope, “ Will, Smith, , Wright ”, “ Bessie, Bessie Smith, Dee Rees, Ma Rainey, Jack Gee, Michael K, Williams, Compere’s, helpfully, Sylvia Robinson, Debra Martin Chase, Wright ” —, Lancelot Owens Sr, Pinkett Smith, Edward Woodward, Denzel Washington, Latifah’s Robyn McCall, Danyel, Vi, Lorraine Toussaint, Robyn, Paul Drinkwater, Cress Williams, Adam Lazarre, Everett, Kimberly Elise, Vivica, Nicola Goode, LL, “ Bessie ”, Frank Masi, David Lee, Jocelyn Prescod, scleroderma, David Jolicoeur, Love —, she’s, Eboni Nichols, she’ll, gazes, Bruce Springsteen, Sarah Vaughan, Frank Sinatra, “ I’m, It’s, They’ve, Cartier, Iasia Estée, Raisa Flowers, Adrien Potier, Fallou, Nuvany David, Manicurist, Lisa Logan, Derrick Bernard, Casey Jones, Stylist’s, Charles Ndiomu, Tyler Sparling, MIUCCIA PRADA, David Cronenberg, Jean, Luc Godard, Dara Birnbaum, Galleria Vittorio Emanuele II, Mario Prada, Patrizio Bertelli, Miu Miu, Guy Marineau, Condé Nast, Homer, “ Prada Marfa, Lauren Weisberger’s, Wears, Drake, Prada hasn’t, Carsten Höller, “ It’s, Suzanne Koller Prada, Suzanne Koller, Gerhard Richter, — Rei Kawakubo, Martin Margiela, Domenico Dolce, Stefano Gabbana, Donatella Versace, Suzanne Koller “, Francesco Vezzoli, Olivier Rizzo, Ferdinando Verderi, Theaster Gates, Uma Thurman, Frank Ocean, Carla Sozzani, Corso, Vivienne Westwood, Yves Saint Laurent, jolie laide, “ She’s, Lotta Volkova, Miu Miu’s, Guido Palau, , Tom Ford, prim, ” Prada, Prada PRADA, Luisa Prada —, Sozzani —, Miuccia’s, Luigi Bianchi, Godard, Pier Paolo Pasolini, Bertelli, we’re, Lorenzo Bertelli, Giulio Bertelli, they’re, ” Francesco Risso, ” Risso, Fabio Zambernardi, “ Bottega, Gaetano Pesce, Saint Laurent, Pedro Almodóvar, Rem Koolhaas, ” James Jean, Frédéric Sanchez, Sanchez, cardigans, Marc Jacobs, Robert Gober, Louise Bourgeois, there’s, Gober, Suzanne Koller Prada pongee, — Prada, Milano, Damien Hirst, ” Koolhaas, Koolhaas, “ I’d, Wes Anderson — who’s, Bar Luce, Fondazione Prada —, ” “, Hirst, Prada sighed, ’ ” Prada, Miuccia Prada hasn’t, Raf Simons, Prada’s, Simons, ” Simons, Dior, Calvin Klein, Jil Sander, ” he’d, Miuccia, ’ ”, Andrea Guerra, Lorenzo, who’d, ” Miu, Antoneta Alamat, ” Miuccia Prada, Elio Berenett, Saunders, Awar Odhiang, Jonas Glöer, Chloe Nguyen, Estrella Gomez, America Gonzalez, Marie Duhart, Rafael Medeiros, Stefano Poli, Ariel Sadok, Cameron Koskas, Vassili, Alexandra Adams, Vincent Brière, Vira, Natsuki Oneyama, Joel Phillips, Manicurist’s, Akane Kanazawa, Marek Dague, ANNETTE BENING, Diana Nyad, “ Nyad, Bening’s, Jimmy Chin, Elizabeth Chai Vasarhelyi, Alex Honnold’s, ” Chin, Nyad, Bening, Rada Owen, Owen “, Ralph Lauren, Carrie Fisher’s, Julia ”, Robert Caro, ” Bening, that’s, Delphine Danhier Gabriela Hearst poncho, Dianne Feinstein, Austin Butler, Elvis, manqué, Mike Mills, Nyad ”, Diana, he’s, Cillian Murphy, “ Oppenheimer, Kurt Collins, BENING, Tina, Tony, Pierre Choderlos, didn’t, Marquise de Merteuil, Milos Forman’s “, Glenn Close, Valmont, Lisa Cholodenko, Meryl Streep, Alexander McQueen, Forman, Stephen Frears, Myra Langtry, Langtry, Bugsy ”, Warren Beatty, moll Virginia Hill, Reagan, “ I’ve, Fairuza, “ Valmont ”, “ Bugsy ”, “ Bugsy, ” Everett, Jeremy Irons, Julianne Moore, Suzanne Tenner, Billy Crudup, Merrick Morton, “ Nyad ”, ” Liz Parkinson, Liz Parkinson, Angela Bassett, Frances McDormand, Tilda Swinton, Rather, you’re, Pete Zuccarini, Jodie Foster, Nyad’s, Tracy Letts, ” Letts, — “, Beatty, ” Mills, Ella Beatty, ” Vasarhelyi, Dale Carnegie’s, Sophie Buhai, Vasarhelyi, I’ve, slathering, Michael Douglas, Robert De Niro, Harrison Ford, Julia, callow, Shaun Evans, Corey Stoll, Howard Hughes —, Jesse Hoffman, Cam Lindfors, Christian Scutt, Ronna Jones, Francesca Martin, Susie Kourinian, Rachel Pollen, Jazmine Robinson, HENRY TAYLOR, Taylor, Thom Browne cardigan, Philando, Diamond Reynolds, Henry Taylor’s “, Mark Dever, Dever, ” Dever, Castile, he’ll, Steve Cannon, Cannon, ” Taylor, Joshua White, panhandlers —, Cora, isn’t, He’s, Michelle Obama, Bob Dylan, Alice Coachman, Chuck Berry, Jay, Stanley Williams, Haile Selassie I, Taylor’s “ Cora, Jeff McLane Taylor, — Pablo Picasso, Philip Guston, Henri Matisse, Robert Rauschenberg —, Donald Trump’s, he’d, Picasso, Jordan Casteel, Kerry James Marshall, Jennifer Packer, Amy Sherald, Barack Obama, Michelle, Pharrell Williams, Kendrick Lamar’s, He’d, Emmett Till, Till, Till’s, Dana Schutz, Hannah Black, Schutz, William Styron, Nat Turner, George Jackson, Randy, Jackson, “ George Jackson ”, Dylan, Medgar Evers, Evers, Ku Klux Klan who’d, Taylor’s “ Cicely, Miles, Sam Kahn, Hershal, Taylor didn’t, Taylor’s, who’s, Bill Traylor, James Jarvaise, Jarvaise, Rauschenberg, Jasper Johns, Louise Nevelson, Frank Stella, Mark Bradford —, Hauser, Wirth —, Michel Foucault, Jacques Derrida Organizations: Burger, Swatch, Irvington High School, Black Arts, Hit Factory, Ramada, Hollywood, Flavor Unit Entertainment, CBS, WHO, Factory, Irvington, Tommy Boy Records, Unit, Michael Ochs Archives, Getty, AMC, Play Studios, Music Resource Center, “ Chicago ”, HBO, Jazz, Mo’Nique, Sugar Hill Records, Winki, , NBCU, Warner Brothers, Fox, Miramax, Paramount, Fox Searchlight Pictures, Everett, Bank, BET, Hawks, Mori, Digital, Fondazione Prada, New, Galleria Vittorio, Prada, Prada Group, Olympic, Harvard, Gucci, University of Milan, Union of Italian, Communist Party, ABC, Suzanne Koller Journalists, Yorker, Milano Prada Arte, Fondazione, tote, New York, Guggenheim, OMA, Next Management, Oui Management, Ford Models, Lumien, Management Paris, IMG Models, America, Bryant Artists, Key West, Liverpool ”, SAG, Telluride Film, Variety, Broadway, Miami, Writers Guild of America, Orion Pictures, DreamWorks, Sony Pictures, Netflix, Kimberley, Juilliard, Forward Artists, Minn, Facebook, Hauser & Wirth, Museum of Contemporary Art, Whitney Museum of American Art, MoMA, Los, Whitney Biennial, Biennial, Black America, New York Times, Louis Vuitton, Black Panthers, U.S ., San, Prison, Ku Klux Klan, Ardmore, New York’s Museum of Modern, California Institute of Arts, Wirth Locations: America, Newark , N.J, Midtown Manhattan, Hudson, Brooklyn, Hit Factory , New York City, NoHo, New York City, Lafayette 148 New York, New Jersey, British, Newark, Jersey, Baltimore, Chicago, Milwaukee, New York, Queens, , , Hollywood, “ Chicago, Watts, Milan, Canadian, Switzerland, Marfa , Texas, Italian, Belgian, Corso Como, Paris, chino, Firstview, Milanese, Alberto, Europe, Italy, , Taiwanese American, there’s, Manhattan, Koolhaas, Rotterdam, Netherlands, New, Antwerp, Croatian, Havana, Key, Fla, Bening, Dominican Republic, Capitan, Yosemite, San Diego, Los Angeles, Simi Valley, Calif, Givenchy, Liverpool, Nyad, Cuba, Florida, San Francisco, Denver, Tina Howe’s, Champagne, yips, Kimberley, “ Nyad, American, Topeka, Kan, Wichita, San Fernando Valley, San Carlos, Koreatown, Philando Castile, St, Paul, Oxnard, California, Mississippi, U.S, San Quentin, Castile, bro, Naples, East Texas, Ardmore, Alabama
How Henry Taylor Transformed the Way We Look at Ourselves
  + stars: | 2023-10-19 | by ( M.H. Miller | ) www.nytimes.com   time to read: +111 min
HENRY TAYLOR How the figurative painter made portraiture the dominant mode of art in our era — and changed the way America sees itself. It was Henry Taylor doing Henry Taylor, like a pop star in his Vegas residency phase. A few seasons earlier, for Miu Miu’s spring 2022 collection, Prada delivered raw-edge chino micro-miniskirts belted below the hip bone. Firstview (8); courtesy of Prada PRADA STILL resides in the Milanese apartment where she and her two older siblings, Marina and Alberto, grew up. David Lee/© Fox Searchlight Pictures, via Everett Collection Latifah on “The Equalizer” in 2023.
Persons: Queen Latifah Annette Bening Henry Taylor Miuccia Prada, I’m, Queen Latifah, Henry Taylor, D’Angelo Lovell Williams, Miuccia Prada, Collier Schorr, Annette Bening, Katy Grannan, Delphine Danhier, Rob Talty, Sara Tagaloa, Rahim Fortune, Ian Bradley, Iasia Merriweather, Raisa, Prada, you’ve, YANAGIHARA, HENRY TAYLOR, Taylor, Thom Browne cardigan, , “ I’ve, Philando, Diamond Reynolds, Henry Taylor’s “, Mark Dever, Dever, , ” Dever, Castile, he’ll, Steve Cannon, Cannon, , ” Taylor, Joshua White, panhandlers —, he’s, Cora, isn’t, He’s, Michelle Obama, Bob Dylan, Alice Coachman, Chuck Berry, Jay, Stanley Williams, Haile Selassie I, there’s, Taylor’s “ Cora, Jeff McLane Taylor, who’ve, — Pablo Picasso, Philip Guston, Henri Matisse, Robert Rauschenberg —, Donald Trump’s, he’d, Picasso, Jordan Casteel, Kerry James Marshall, Jennifer Packer, Amy Sherald, Barack Obama, Michelle, Pharrell Williams, Kendrick Lamar’s, He’d, Emmett Till, Till, Till’s, Dana Schutz, Hannah Black, Schutz, William Styron, Nat Turner, George Jackson, Randy, Jackson, “ George Jackson ”, Dylan, Medgar Evers, Evers, Ku Klux Klan who’d, who’d, Taylor’s “ Cicely, Miles, Sam Kahn, Hershal, Taylor didn’t, Taylor’s, who’s, Bill Traylor, James Jarvaise, Jarvaise, Rauschenberg, Jasper Johns, Louise Nevelson, Frank Stella, Mark Bradford —, Hauser, Wirth —, Michel Foucault, Jacques Derrida, Camarillo, they’re, “ I’m, Carl Lewis ”, Robert Bean, Hershal Taylor, hadn’t, Rodney King, Kathryn Brennan, Sean Bell, Bell, Klaus Biesenbach, James Brown, Brown, shuffles, King James, bro, Johnny Walker, Clint Strozier, George Washington, Cesar Chavez, Chavez, Boycott, “ I’d, Stokely Carmichael, ” D’Angelo Lovell Williams MIUCCIA PRADA, David Cronenberg, Jean, Luc Godard, Dara Birnbaum, Galleria Vittorio Emanuele II, Mario Prada, Patrizio Bertelli, Miu Miu, Guy Marineau, Condé Nast, Homer, “ Prada Marfa, Lauren Weisberger’s, Wears, Drake, Prada hasn’t, Carsten Höller, “ It’s, Suzanne Koller Prada, Suzanne Koller, Gerhard Richter, — Rei Kawakubo, Martin Margiela, she’s, Domenico Dolce, Stefano Gabbana, Donatella Versace, Suzanne Koller “, Francesco Vezzoli, Olivier Rizzo, Ferdinando Verderi, Theaster Gates, Uma Thurman, Frank Ocean, Carla Sozzani, Corso, Vivienne Westwood, Yves Saint Laurent, jolie laide, It’s, “ She’s, Lotta Volkova, Miu Miu’s, Guido Palau, they’d, , Tom Ford, prim, ” Prada, Prada PRADA, Luisa Prada —, Sozzani —, Miuccia’s, Luigi Bianchi, she’d, Godard, Pier Paolo Pasolini, Bertelli, we’re, Lorenzo Bertelli, Giulio Bertelli, ” Francesco Risso, ” Risso, Fabio Zambernardi, “ Bottega, Gaetano Pesce, Saint Laurent, Pedro Almodóvar, Rem Koolhaas, ” James Jean, Frédéric Sanchez, Sanchez, cardigans, Marc Jacobs, Robert Gober, Louise Bourgeois, Gober, Suzanne Koller Prada pongee, — Prada, Milano, Damien Hirst, ” Koolhaas, Koolhaas, Wes Anderson — who’s, Bar Luce, Fondazione Prada —, ” “, Hirst, Prada sighed, ’ ” Prada, Miuccia Prada hasn’t, Raf Simons, Prada’s, Simons, ” Simons, Dior, Calvin Klein, Jil Sander, ” he’d, Miuccia, ’ ”, Andrea Guerra, Lorenzo, ” Miu, Antoneta Alamat, ” Miuccia Prada, Elio Berenett, Saunders, Awar Odhiang, Jonas Glöer, Chloe Nguyen, Estrella Gomez, America Gonzalez, Marie Duhart, Rafael Medeiros, Stefano Poli, Ariel Sadok, Cameron Koskas, Vassili, Alexandra Adams, Vincent Brière, Vira, Natsuki Oneyama, Joel Phillips, Manicurist’s, Akane Kanazawa, Marek Dague, QUEEN LATIFAH, DANA OWENS, She’d, Melle Mel, Big Daddy Kane, D.J.s, Owens, Nikki Giovanni, Octavia E, Butler, M.C.s, Latifah, Jazzy Joyce, MC Lyte, Lyte, ” Latifah, We’re, She’s, Shakim Compere, Norma Kamali, David Yurman, David Webb, Ian Bradley Louis Vuitton, Monie, Gary Gray’s, Tracy Oliver, Kenya Barris, Megan Thee, Viola Davis, it’s, LATIFAH, Michael Jackson, Shakim, Rita Owens, Compere, Rita, scions, Amina, Amiri Baraka, Lauryn Hill, Latifah wasn’t, Lyte’s, Roxanne, Roxanne Shanté, Dana Owens, Danyel Smith, Queen Latifah —, Latifah ”, Tommy Boy, Jada Pinkett Smith, I’d, , ” Pinkett Smith, Al Pereira, Michael Ochs, Raymond Boyd, Getty, D’s, Gray, Latifah’s, Luther Vandross’s, Lancelot Owens Jr, Winki, Kierna Mayo, Love, merrily hyperhappy, Harriet Tubman, Angela Davis, Winnie Mandela, Tipper Gore, Al Gore, ” Love, Giorgio Armani, Van Cleef, Will Smith’s, Bel, Amanda Wicks, John Singleton’s “, Cleo, Clover Hope, “ Will, Smith, Wright ”, “ Bessie, Bessie Smith, Dee Rees, Ma Rainey, Jack Gee, Michael K, Williams, Compere’s, helpfully, Sylvia Robinson, Debra Martin Chase, Wright ” —, Lancelot Owens Sr, Pinkett Smith, Edward Woodward, Denzel Washington, Latifah’s Robyn McCall, Danyel, Vi, Lorraine Toussaint, Robyn, Paul Drinkwater, Cress Williams, Adam Lazarre, Everett, Kimberly Elise, Vivica, Nicola Goode, LL, “ Bessie ”, Frank Masi, David Lee, Jocelyn Prescod, scleroderma, David Jolicoeur, Love —, Eboni Nichols, she’ll, gazes, Bruce Springsteen, Sarah Vaughan, Frank Sinatra, They’ve, Cartier, Iasia Estée, Raisa Flowers, Adrien Potier, Fallou, Nuvany David, Manicurist, Lisa Logan, Derrick Bernard, Casey Jones, Stylist’s, Charles Ndiomu, Tyler Sparling, ANNETTE BENING, Diana Nyad, “ Nyad, Bening’s, Jimmy Chin, Elizabeth Chai Vasarhelyi, Alex Honnold’s, ” Chin, Nyad, Bening, Rada Owen, Owen “, Ralph Lauren, Carrie Fisher’s, Julia ”, Robert Caro, ” Bening, that’s, Delphine Danhier Gabriela Hearst poncho, Dianne Feinstein, Austin Butler, Elvis, manqué, Mike Mills, Nyad ”, Diana, Cillian Murphy, “ Oppenheimer, Kurt Collins, BENING, Tina, Tony, Pierre Choderlos, didn’t, Marquise de Merteuil, Milos Forman’s “, Glenn Close, Valmont, Lisa Cholodenko, Meryl Streep, Alexander McQueen, Forman, Stephen Frears, Myra Langtry, Langtry, Bugsy ”, Warren Beatty, moll Virginia Hill, Reagan, Ben Organizations: Minn, Facebook, Hauser & Wirth, Museum of Contemporary Art, Whitney Museum of American Art, MoMA, Los, Whitney Biennial, Biennial, Black America, New York Times, Louis Vuitton, Black Panthers, U.S ., San, Prison, Ku Klux Klan, Ardmore, New York’s Museum of Modern, California Institute of Arts, Wirth, CalArts, Mental Hospital, Studio Museum, Queens, Times, Flames, University of Southern, Fondazione Prada, New, Galleria Vittorio, Prada, Prada Group, Olympic, Harvard, Gucci, University of Milan, Union of Italian, Communist Party, ABC, Suzanne Koller Journalists, Yorker, Milano Prada Arte, Fondazione, tote, New York, Guggenheim, OMA, Next Management, Oui Management, Ford Models, Lumien, Management Paris, IMG Models, America, Bryant Artists, Burger, Swatch, Irvington High School, Black Arts, Hit Factory, Ramada, Hollywood, Flavor Unit Entertainment, CBS, WHO, Factory, Irvington, Tommy Boy Records, Unit, Michael Ochs Archives, Getty, AMC, Play Studios, Music Resource Center, “ Chicago ”, HBO, Jazz, Mo’Nique, Sugar Hill Records, Winki, , NBCU, Warner Brothers, Fox, Miramax, Paramount, Fox Searchlight Pictures, Everett, Bank, BET, Hawks, Mori, Digital, Key West, Liverpool ”, SAG, Telluride Film, Variety, Broadway, Miami, Writers Guild of America Locations: Los Angeles, Koreatown, Philando Castile, St, Paul, Oxnard, California, New York, , Queens, Chicago, Mississippi, U.S, San Quentin, Castile, bro, Naples, East Texas, Ardmore, Alabama, Camarillo, Santa Barbara, Oakland, Oaks, Harlem, York, Long Island City, Spain, Vegas, University of Southern California, Texas, Milan, Canadian, Switzerland, , Marfa , Texas, Italian, Belgian, Corso Como, Paris, British, chino, Firstview, Milanese, Alberto, Europe, Italy, , Taiwanese American, there’s, Manhattan, Koolhaas, Rotterdam, Netherlands, New, Antwerp, Croatian, America, Newark , N.J, Midtown Manhattan, Hudson, Brooklyn, Hit Factory , New York City, NoHo, New York City, Lafayette 148 New York, New Jersey, Newark, Jersey, Baltimore, Milwaukee, Hollywood, “ Chicago, Watts, Havana, Key, Fla, Bening, Dominican Republic, Capitan, Yosemite, San Diego, Simi Valley, Calif, Givenchy, Liverpool, Nyad, Cuba, Florida, San Francisco, Denver, Tina Howe’s, Champagne, yips
The percentage of Black workers in the auto industry today is more than double their share of the workforce overall. But the decline in US auto jobs and the erosion of unions have hit Black workers hardest. Black workers are likelier to belong to unions, in any industry, compared to White and Hispanic workers. Black union workers earn on average 16.4% higher wages than non-union Black workers, and they are likelier to have health care and retirement benefits, studies show. Hard-won gains disappearSoon after Black auto workers broke into better paying jobs, the US auto industry began its long decline, decimating Black communities in particular.
Persons: Lynda Jackson’s, Jackson, ” Jackson, ” Lynda Jackson, Lynda S, Emily Elconin, , Tiffanie Simmons, Simmons, Steven Pitts, Luke Sharrett, Tesla, , ” Pitts, Jim Crow, Henry Ford, Nelson Lichtenstein, “ Walter Reuther, Ford, Irving Haberman, Kevin Boyle, Boyle, Philip Randolph, Randolph, Franklin Roosevelt, Walter Reuther, , James Meredith, Martin Luther King, Jr, Roy Wilkins, Phillip Randolph, Walther Reuther, Martin Luther King Jr, Reuther, ” Boyle, Spencer Platt, Josh Bivens, Biden, Erica Smiley, ” Smiley Organizations: New, New York CNN, Chrysler, Ford, General Motors, United Auto Workers, UAW, Detroit’s, Processing, Bloomberg, Getty, Ford Motor, Economic Policy Institute, UC Berkeley Labor Center ., Tesla, Ku Klux Klan, University of California, America, Northwestern University, Jobs, Walther Reuther . Express, Hulton, Southern Christian Leadership Conference, The League, Revolutionary Black Workers, Black, Economic, Institute, P Global Market Intelligence, Justice Locations: New York, Alabama, Detroit, America, Ypsilanti , Michigan, Wayne , Michigan, Detroit , Michigan, White, Fremont , California, . Mississippi, sharecropping, Chicago , New York, Pittsburgh, Cleveland, AFP, Santa Barbara, Ford's, Rouge, Dearborn , Michigan, Washington, Birmingham, Selma, Black, Flint, Midwest, autoworkers
Sales of Ford's F-Series pickups, an important profit driver, rose 8.2% in the month to 68,536. The Lightning's factory reopened earlier this week. But sales of Ford's other EV, the E-Transit commercial van, rose over 50% to 791 units in July. Sales of the Bronco SUV climbed over 20% in July, to 12,755, and sales of the smaller Ranger and Maverick pickups rose 8.6% and 13.5%, respectively, from a year ago. U.S. sales of all Ford vehicles, including EVs and Lincoln-brand models, totaled 1,181,207 through July, up 9.4% from the same period in 2022.
Persons: Ford, they're Organizations: Ford Motor Co, Ford Motor, Bronco, Detroit, Lightning, Ford Locations: Dearborn , Michigan, U.S, Lincoln
Earnings before interest and taxes (EBIT) increased slightly to $3.79 billion, well ahead of analysts' predictions for EBIT of $3.16 billion. With Thursday's results, management shows it is playing to win and that the fourth quarter was an outlier. Strong profitability and cash flow generation overall in the second quarter provided the much-needed offset. Quarterly commentary Ford Blue, which represents Ford's gas-powered and hybrid vehicles, delivered a strong quarter and was again profitable in every region in which it operates. By segment, Ford expects Ford Blue to deliver full year EBIT of "about $8 billion," up from about $7 billion, and Ford Pro's EBIT to be "approaching $8 billion," up from $6 billion.
Persons: Jim Farley, we've, Farley, we're, Ford, Ford Pro's, Jim Cramer's, Jim Cramer, Jim, Jeff Kowalsky Organizations: Ford, Refinitiv, Management, Ford Model, Ford Pro, CNBC, Electric Vehicle, AFP, Getty Locations: North America, Europe, EBIT, Dearborn , Michigan
July 17 (Reuters) - Ford Motor (F.N) deepened a price war in the electric-vehicle industry on Monday by slashing the prices of its F-150 Lightning trucks, including a 17% cut for the base model, as it aims to boost its share of an EV market dominated by Tesla (TSLA.O). The Detroit automaker, which had raised Lightning prices earlier this year, said it was able to cut prices on improvements in scale and battery raw material costs. The move comes amid a price war started by Tesla a few months ago, which has seen the EVs of legacy automakers piling up at dealers as sales slow. Ford also said it has temporarily closed its Rouge Electric Vehicle Center in Michigan to complete final plant upgrades as it aims to triple the facility's annual run rate to 150,000 Lightning trucks, beginning this fall. Battery raw material prices have been one of the factors that pushed up EV prices.
Persons: Tesla, Marin Gjaja, We've, Ford, Nathan Gomes, Shivansh, Pooja Desai Organizations: Ford, Tesla, General, Rivian, Detroit, Reuters Graphics, Electric Vehicle Center, EV, Thomson Locations: Austin, Michigan, Bengaluru
CNN —Ford announced on Monday that it is slashing prices significantly for its electric F-150 Lightning pickup truck. Since the F-150 Lightning’s release in mid-2021, the auto manufacturer has raised prices several times, citing in part “significant material cost increases” for key electric vehicle battery components like lithium, cobalt, and nickel. The Platinum Extended Range, its most expensive model, is down more than $6,000 to about $92,000. These models are also eligible for a tax credit of up to $7,500 under the 2022 Inflation Reduction Act, according to Ford. Customers can expect these cheaper cars to become available as early as October.
Persons: CNN — Ford, Kelley, Ford, “ We’ve, , Marin Gjaja Organizations: CNN, Kelley Blue, Ford Locations: Michigan
New York CNN —As Ford shifts to producing more electric vehicles, it expects to lay off a number of employees, mostly engineers, in North America over the coming days. “This is related to the Ford+ growth plan we introduced in 2021 and have been increasingly implementing over the past year,” said Ford spokesman T.R. As part of the so-called Ford+ plan, in 2021 the company was split into three broad operating units: Ford Blue for internal combustion-powered vehicles, Ford Model E for electric vehicles and Ford Pro focused on commercial vehicles. Ford executives said in March that the company will lose $3 billion this year on sales of electric vehicles but still expects to meet its profit targets of $9 billion to $11 billion for the year. It also expects to begin earning profits on electric vehicles soon.
Persons: , T.R, Reid, ” Ford, Jim Farley Organizations: New, New York CNN, Ford, Ford Pro Locations: New York, North America, United States, Canada
Top 10 things to watch in the stock market Tuesday
  + stars: | 2023-06-20 | by ( Jeff Marks | ) www.cnbc.com   time to read: +3 min
It's a new week but the recent stock market rally makes for a not-so-great set up as Jim Cramer told the Investing Club Monday evening in his weekly column. Jim and "Mad Money" are in Detroit for all things Ford (F) with CEO Jim Farley, covering everything from Ford Blue to Ford Pro to Ford Model e (electric vehicles). Bank of America adds Club stock Amazon (AMZN) to its US 1 list. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Dow, Jim, Jim Farley, They'll, Elon Musk, Sartorius, Cowen, Eli Lilly, Raymond James, Morgan Stanley, Philip Morris, Jim Cramer's Organizations: Nasdaq, Ford, Ford Pro, Ford Model, Elon, Bank of America, Nvidia, Club, Dice Therapeutics, Avis Budget, Citi, Delta Air Lines, DAL, PayPal, Nike, Dow, Barclays, Jim Cramer's Charitable, CNBC Locations: Detroit
CNBC's Jim Cramer sat down with Ford CEO Jim Farley on Tuesday to discuss the company's earnings, future, electric vehicles, deal with Tesla and more at Ford's headquarters in Dearborn, Michigan. "I have no problem being opportunistic when it comes to advantaging my customers," Farley said. During negotiations, Farley said Tesla CEO Elon Musk was respectful, but "more because of Henry Ford than Jim Farley." The company split off its EV undertaking from the rest of its vehicles, and Ford now has three main sectors: Ford Blue for its conventional vehicles, Ford Model e for its EVs, and Ford Pro for its commercial vehicles. "We believe in American-made BlueOval city in Tennessee or Kentucky-built pick-up truck, EV pick-up truck, people will pay for that American technology."
Persons: CNBC's Jim Cramer, Jim Farley, Tesla, Farley, didn't, Elon Musk, Henry Ford, Ford Organizations: Ford, Ford Pro, United Auto Workers Locations: Dearborn , Michigan, Canada, America, Silicon, North America, Tennessee, Kentucky
It's Ford (F), whose stock has jumped 15% since its $12-per-share close on May 8. F 1M mountain Ford Motor's stock performance over the past month. When granted access, current electric vehicles from Ford and GM will have to use an adapter at Tesla's charging stations. "They have to adopt at this point," suggesting they'll also likely have to rely on a Tesla partnership. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: It's Ford, Tesla, Wall, Ford, Gene Munster, Munster, they'll, we've, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: Nasdaq, Ford, General Motors, GM, EV, Deepwater Asset Management, CNBC, Tesla, Wall Street, Management, Ford Motor Co, Washington Auto, Washington , D.C, Bloomberg, Getty Locations: , Washington ,
Ford's business has been struggling in China. Ford's internal combustion engine (ICE) business is profitable in China, and its luxury brand Lincoln is what Ford calls the "profit pillar" for the region. But China does not represent a huge business for Ford, which generates roughly 1% of total revenue from mainland China. While Ford does not have plans to exit China, the CEO is taking a closer look at its strategy there. Like for Tesla, China is key for Ford because it's the biggest EV market in the world.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
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