Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Ford's Farley"


2 mentions found


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
About 12,700 UAW workers remained on strike for a second day as part of a coordinated labor action targeting three U.S. assembly plants - one at each of the Detroit Three automakers. However, the UAW comment about the tenor of talks at Ford was more positive than the union's characterization of progress ahead of the kickoff of the strikes. "As we have said all along, Ford has bet on the UAW more than any other company. We are committed to reaching an agreement with UAW that rewards our workers and allows Ford to invest in the future. GM said on Thursday the UAW wage and benefits proposals would cost it $100 billion, while Ford's Farley said the a 40% UAW wage hike would "put us out of business."
Persons: Stellantis, Jim Farley, Ford, Mark Truby, Mark Stewart, Stewart, Shawn Fain, Fain, Ford's Farley, Joe Biden, David Shepardson, Joseph White, Paul Simao Organizations: United Auto Workers, Ford, Chrysler, UAW, Detroit Three automakers, Union, General Motors, GM, North American, Ford Bronco, Chevrolet, Thomson Locations: Illinois, Belvidere , Illinois, Michigan , Ohio, Missouri, Chevrolet Colorado, Michigan, Kansas, Toledo , Ohio
Total: 2