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☆ Ford cuts prices of electric Mustang Mach-E by up to $8,100
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: +2 min

People visit Ford's all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Ford Motor Co on Tuesday said it had cut prices on its Mustang Mach-E electric SUV by up to $8,100 after sales fell sharply in January. The Dearborn, Michigan-based automaker said U.S. sales of the Mach-E fell by 51% in January to 1,295. Ford and other legacy automakers have slowed their EV push to instead focus on higher-margin hybrid and gas-powered models. Ford said in January it would reduce production of its F-150 Lightning pickup truck, cutting production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1.

Persons: Ford, Elon Organizations: Angeles Auto, Ford Motor Co, . Treasury Department, Treasury, Reuters, Internal Revenue Service, Ford, Michigan Rouge Electric Vehicle Center Locations: Ford's, Los Angeles, United States, Dearborn , Michigan, China

☆ Ford's turnaround is back on track after the carmaker delivers a much-needed beat and raise
▼ + stars: | 2024-02-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

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

☆ Ford cuts production of F-150 Lightning EV, adds jobs at Bronco and Ranger plant
▼ + stars: | 2024-01-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor is increasing production of its Bronco SUV and Ranger pickup, while cutting production of its all-electric F-150 Lightning, the automaker said Friday. Ford said the production changes are intended to match production with customer demand. They mark the latest cuts or delays to production of EVs amid slower-than-expected customer demand. Customers love the F-150 Lightning, America's best-selling EV pickup," Ford CEO Jim Farley said in a release. The automaker will be reducing production of the Lightning at its Rouge Electric Vehicle Center in Michigan to one production shift from two, impacting approximately 1,400 employees.

Persons: Ford, America's, Jim Farley Organizations: DETROIT, CNBC, Electric Vehicle Center Locations: Michigan

☆ Ford is cutting back F-150 Lightning electric truck production
▼ + stars: | 2024-01-19 | by ( Peter Valdes-Dapena | Chris Isidore | ) edition.cnn.com time to read: +3 min

CNN —Ford will shut down one of two production shifts in April at the Dearborn, Michigan, factory that builds the F-150 Lightning electric pickup. The move is part of “matching F-150 Lightning production to customer demand,” the company said Friday. While sales of electric vehicles increased in 2023, the growth was slower than many industry experts had expected. Ford still projects an increase in Lightning sales this year after a 55% jump to 24,000 trucks last year. The 24,000 in Lightning sales is still a small fraction of overall Ford F-series pickup sales.

Persons: CNN — Ford, Ford, “, ”, Jim Farley, Carlos Tavares, “ I’ve, ” Tavares, Ramcharger Organizations: CNN, General Motors, Chevrolet Silverado EV, Ford, Lightning, Rouge Electric Vehicle Center, Michigan Assembly Plant, Ford Bronco, United Auto Workers, EV, ” Ford Locations: Dearborn , Michigan, United States, Michigan, Rouge, Tennessee, Kentucky, Europe

☆ Ford cuts electric F-150 Lightning truck production — again
▼ + stars: | 2024-01-19 | by ( Graham Rapier | ) www.businessinsider.com time to read: +2 min

Read previewFord plans to cut production of its electric F-150 Lightning pickup truck once again, it said Friday, citing a problem nearly all automakers have struggled with in the past year: falling demand. About 1,400 employees will be impacted as the plant where Ford's flagship electric truck is produced, the Rouge Electric Vehicle Center, transitions to just one shift per day starting on April 1, Ford said. AdvertisementFord sold fewer than 25,000 of the F-150 Lightning pickup in 2023 as it scaled back production. That still notched it a spot in the top 10 EVs by sales but is dwarfed by traditional F-150 sales of more than 700,000. Ford has also struggled to get dealers on board with its electric sales program, requiring a substantial investment on their part to install chargers and receive new training.

Persons: —, Ford, Tesla Organizations: Service, Business, Rouge Electric Vehicle Center Locations: Wayne, Michigan

☆ Ford's move to cut F-150 Lightning production will help the automaker optimize profitability
▼ + stars: | 2024-01-19 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Ford announced Friday it's reducing production of its F-150 Lightning all-electric pickup truck, starting April 1, due to slowing demand for EVs. The automaker said the Lightning cuts are being made to achieve the "optimal balance of production, sales growth and profitability." But since Ford is cutting back EV production, the automaker's goal of scaling up its EV buildout could be delayed. In fact, the Maverick Hybrid sales exceeded the F-150 Hybrid last year with a 67% increase to more than 52,300 vehicles. A Ford F-150 Lightning pickup truck is shown at the Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan.

Persons: Ford, Jim Cramer, Tesla, Jim Cramer's, Jim, Bill Pugliano Organizations: Rouge Electric Vehicle, Plant, CNBC, Ford, ICE, Ford Blue, Rouge Electric Vehicle Center, Getty Locations: Dearborn , Michigan, Michigan, Wayne, Rouge, EVs

☆ Ford shares fall 9% after earnings underline worries about costs and EV plans
▼ + stars: | 2023-10-27 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Ford Motor Company's electric F-150 Lightning on the production line at its Rouge Electric Vehicle Center in Dearborn, Michigan, on Sept. 8, 2022. Shares of Ford Motor traded sharply lower Friday after the company reported earnings that missed estimates and said that demand for its electric vehicles was falling short of expectations. Ford reported its third-quarter results after the markets closed Thursday, and they weren't what Wall Street had expected. Ford on Wednesday night became the first of the three Detroit automakers to reach a tentative agreement with the UAW. Ford also withdrew its previous financial guidance for 2023 in light of the pending deal with the UAW.

Persons: General Motors, John Lawler, Jim Farley's, Ford Organizations: Ford, Electric Vehicle, Ford Motor, United Auto Workers, General, Wall, Detroit, UAW, Tesla Locations: Dearborn , Michigan, Kentucky, U.S, North America

☆ Ford misses on earnings, as warranty costs move carmaker back near the penalty box
▼ + stars: | 2023-10-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

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

In the United States, the manufacturing sector pulled out of a five-month contraction on a pickup in new orders, and services activity accelerated modestly amid signs of easing inflationary pressures. HEADACHE FOR THE ECBIn the euro zone, business activity drooped as demand fell in a broad-based downturn across the region, causing the bloc to enter the fourth quarter on the wrong foot and suggesting it may slip into recession. "The flash PMIs mark a poor start to October for the euro zone, especially after showing some early signs of recovery in September," said Rory Fennessy at Oxford Economics. Suggesting a recession is well underway in Germany, Europe's largest economy, business activity contracted there for a fourth straight month as the downturn in manufacturing was matched by a renewed decline in services, its PMI showed. In France, the euro zone's second-largest economy, business activity remained in contraction territory in October, PMI data showed, improving just slightly from September's near three-year low.

Persons: Rebecca Cook, Chris Williamson, Christine Lagarde's, Rory Fennessy, Williamson, Ajay Banga, Dan Burns, Jonathan Cable, Lindsay Dunsmuir, Andrea Ricci Organizations: Ford Rouge Electric Vehicle, REUTERS, P Global, Composite, Federal, Commerce Department, Reuters, P, P Global Market Intelligence, P Global PMI, September's, European Central Bank, Oxford Economics, PMI, European Union, Bank of, Palestinian, Hamas, Thomson Locations: Dearborn , Michigan, U.S, United States, joblessness, Germany, Europe's, France, September's, Britain, Gaza, Ukraine

GM will report third-quarter results Oct. 24, with Ford following on Oct. 26. The strikes have costing GM and Ford more than $500 million, JP Morgan analyst Ryan Brinkman estimated in a note Monday. Ford is now losing $44 million a day, while GM is losing $21 million a day, Brinkman estimated. GM and Ford shares have fallen sharply since July as the standoff with the UAW has intensified. GM has set up a new, $6 billion credit line as insurance against an expanded UAW strike.

Persons: Rebecca Cook, Morgan Stanley, Adam Jonas, Morgan, Ryan Brinkman, Ford, Brinkman, Shawn Fain, Fain, Mich, Farley, Tim Piechowski, Joe White, David Evans Organizations: Rouge Electric Vehicle, REUTERS, Rights, General Motors, Ford, United Auto Workers, GM, Ford's, Kentucky, Detroit, EV, UAW, Capital Research, Investments, Thomson Locations: Dearborn , Michigan, U.S, Ford's Kentucky, Marshall

☆ Ford lays off 700 who were building electric version of F-150
▼ + stars: | 2023-10-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

CNN —Ford is laying off about 700 workers who build the F-150 Lightning, the electric version of its best-selling pickup truck, and unlike other recent layoffs this one has nothing to do with the ongoing strike by the United Auto Workers union. The company said overall demand for its electric vehicle lineup remains strong with a 65% increase in the third quarter. It has laid off nearly 2,500 workers so far, not counting those who had been building the Lightning. Workers laid off due to the strike are ineligible for unemployment benefits in most states. But the F-150 Lightning workers who are laid off will be eligible for both unemployment and sub pay, according to Ford spokesperson Jessica Enoch.

Persons: CNN —, Ford, Stellantis, Jessica Enoch, “, Shawn Fain, ” Organizations: CNN, CNN — Ford, United Auto Workers, Electric Vehicle, ”, Lightning, Ford, General Motors, Kentucky, GM, Workers, “ Locations: Dearborn , Michigan, Kokomo , Indiana

But few of them besides Tesla's Model Y and Model 3 are selling at high enough volumes to support a full-scale assembly plant, according to a Reuters analysis of U.S. EV sales data for the first six months of 2023. But that market share was divided up among 103 different models, according to the Alliance's latest quarterly report on the EV market. The U.S. automaker, like several rivals, has committed billions to build additonal EV and battery plants in the U.S. In a media presentation on Tuesday, Cox Automotive noted that Tesla has surrendered some share of U.S. EV sales this year as more entrants hit the market, but still commands nearly two-thirds of all EV sales. Cox estimated that EV sales will rise to 8% of total U.S. vehicle sales in the third quarter from about 6.5% a year ago.

Persons: Rebecca Cook, Ford, Tesla, Reuters Graphics Reuters Graphics Tesla, General Motors, Cox, Joe White, Paul Lienert, David Gregorio Our Organizations: Rouge Electric Vehicle, REUTERS, Global, EV, Tesla's, P Global, Reuters Graphics Reuters Graphics, General, Chevrolet, Bolt, Ford, Hyundai, Reuters Graphics Reuters, Alliance for Automotive Innovation, U.S, Cox Automotive, Thomson Locations: Dearborn , Michigan, U.S, Michigan, United States, Detroit

☆ UAW files unfair labor practice against GM, Stellantis
▼ + stars: | 2023-09-01 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsAug 31 (Reuters) - The United Auto Workers union said on Thursday it filed unfair labor practice charges with the National Labor Relations Board against General Motors (GM.N) and Chrysler-parent Stellantis (STLAM.MI), saying they have refused to bargain in good faith. Both GM and Stellantis denied the unfair labor charges. The current four-year labor agreements covering 146,000 workers at the Detroit Three automakers expire on Sept. 14. Stellantis said it was shocked by the UAW claims "that we have not bargained in good faith. GM manufacturing chief Gerald Johnson said the company strongly refuted the unfair labor charge.

Persons: Rebecca Cook, Stellantis, Shawn Fain, Fain, Ford, Gerald Johnson, Johnson, David Shepardson, Chris Reese, Leslie Adler Organizations: Ford Rouge Electric Vehicle, REUTERS, United Auto Workers, National Labor Relations, General Motors, Chrysler, Ford, UAW, Detroit automakers, Tesla, Detroit, U.S, Thomson Locations: Dearborn , Michigan, U.S

☆ Jim Cramer worries about a UAW union strike at Ford. Here's how we're playing the stock
▼ + stars: | 2023-08-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Jim Cramer is cautious about Ford (F) due to the heightened risk of a United Auto Workers strike, which has been a recent overhang on the Club stock. The company is already seeing 50% gross margins on those software services, CEO Jim Farley said during a call with reporters following the announcement. Ford's EV transition The new software services push is just one more way Ford is embracing new technology. 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 poses for a photo 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: Jim Cramer, Jim, Shawn Fain, Fain, Joe Biden, Ford, Peter Stern, Stern, Jim Farley, Farley, Morgan Stanley, Tesla, Jim Cramer's, Bill Pugliano Organizations: Ford, United Auto Workers, Club, UAW, Detroit automakers, Deutsche Bank, Apple, Ford Integrated Services, Ford Pro, EV, Barclays, General Motors, ICE, CNBC, Ford Rouge Electric Vehicle Center, Getty Locations: Dearborn , Michigan

☆ Ford restarts F-150 Lightning production, says demand jumped sixfold after July price cuts
▼ + stars: | 2023-08-01 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Ford Motor Company's electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. Ford Motor said Tuesday the factory that builds its electric F-150 Lightning pickup has reopened after a six-week break for upgrades — and that recent price cuts on the EV have led to a significant increase in demand. Ford is modifying its production mix to increase supplies of the Lightning XLT, he said. The factory has hired about 1,200 new employees to support the production increase, according to Debbie Manzano, Ford's manufacturing director. Ford is also ramping up production at the factories that supply battery packs and electric motors for the Lightning, Manzano said.

Persons: Marin Gjaja, Gjaja, Ford, Debbie Manzano, Manzano Organizations: Ford, Electric Vehicle, Ford Motor, Electric Vehicle Center, Lightning Locations: Dearborn , Michigan

Ford has added 1,200 workers to the Lightning assembly system and plans to run it on a three-shift work rotation. As one of several new moves to boost demand, Ford said individual retail customers can now order the least expensive F-150 Lightning Pro, a $49,995 version of the truck originally designed for commercial customers only. To support increased Lightning production, Ford will focus sales efforts on "attracting more traditional customers, or the early majority," Gjaja said. “Challenges still remain around customer awareness and acceptance” of electric vehicles among mainstream buyers, he said. Ford said last week its electric vehicle operations are on track to lose $4.5 billion this year, a 50% wider loss than previously projected.

Persons: Rebecca Cook, Ford, Tesla, Marin Gjaja, Gjaja, Jim Farley, Joe White, Jonathan Oatis Organizations: Rouge Electric Vehicle, Reuters Connect DETROIT, Ford, EV, Detroit's, Motors, Silverado, Lightning, Ford's, Thomson Locations: Dearborn , Michigan, U.S

☆ Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption
▼ + stars: | 2023-07-27 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Ford CEO Jim Farley poses for a photo 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. Ford Motor said Thursday pushed back production targets for its electric vehicles, citing slower-than-expected adoption. But Lawler emphasized that Ford's EV spending plan and its profitability goal for its electric vehicle unit haven't changed. In a statement, CEO Jim Farley argued that the more gradual ramp-up of electric vehicle production could be a boon for Ford. While Ford overall was solidly profitable during the second quarter, the Model e unit posted an operating loss of $1.8 billion.

Persons: Jim Farley, Ford, John Lawler, Lawler, Farley Organizations: Ford Rouge Electric Vehicle Center, Ford Motor Locations: Dearborn , Michigan

☆ Ford balances growth and profits in a promising quarter, keeps its stock rating
▼ + stars: | 2023-07-27 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

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

☆ Ford slashes prices of F-150 Lightning trucks as EV price war heats up
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

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

☆ Here are the questions we have for Ford and its CEO Jim Farley about their latest EV price cuts
▼ + stars: | 2023-07-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

We're raising our eyebrows at Ford 's (F) new price cuts on its popular electric pick-up truck. Jim Cramer called Ford's price cuts "counterintuitive" given the robust demand the F-150 Lightning has been seeing so far this year. In February, the company had to pause production and shipments on its electric pickup truck due to a potential battery issue. Meanwhile, prices for new electric vehicles were down 20% for the month driven by Tesla's EV price cuts earlier this year. Ford CEO Jim Farley poses for a photo 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, Jim Cramer, Jim, there's, Tesla, Rivan, Kelley, Morgan Stanley, Jim Farley, Jim Cramer's, Bill Pugliano Organizations: Ford, Club, Elon, South, U.S, EV, Tesla's, Lightning, Ford EV, CNBC, Ford Rouge Electric Vehicle Center, Getty Locations: U.S, South Korean, Rivian, Dearborn , Michigan

☆ Ford Slashes Price of Electric F-150 as Demand Weakens
▼ + stars: | 2023-07-17 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

Ford Motor on Monday reduced prices of its F-150 Lightning electric pickup truck by between $6,000 and nearly $10,000, the latest sign of sluggish demand for electric vehicles. The price cuts come as inventories of unsold electric vehicles are rising on dealer lots, and follow several rounds of discounting by Tesla, the dominant seller of electric cars. Ford is lowering prices after it temporarily halted production of the truck this year to upgrade its assembly line and increase output. By the fall, the company expects its Rouge Electric Vehicle Center near Detroit to be able to churn out 150,000 Lightnings a year, triple its current production capacity. Competition in the electric vehicle business is growing more intense.

Persons: Tesla Organizations: Ford, Electric Vehicle, General Motors, Chevrolet Silverado Locations: Detroit

Ford Motor Company's electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. DETROIT – Ford Motor 's second-quarter sales increased 9.9% from a year earlier, spurred by significant sales gains of its F-Series trucks. "Our EV sales continue to grow. Improved Mustang Mach-E inventory flow began to hit at the end of Q2 following the retooling of our plant earlier this year, which helped Mustang Mach-E sales climb 110% in June." Ford's electric vehicle sales remain small for now: EVs represented just 2.8% of the automaker's total sales during the second quarter, while traditional internal combustion engines represented roughly 91% of sales.

Persons: Ford, Andrew Frick, EVs Organizations: Ford, Electric Vehicle, DETROIT, Detroit, EV Locations: Dearborn , Michigan

☆ Ford F-150 Lightning fire footage highlights a growing EV risk
▼ + stars: | 2023-04-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +13 min

EV fires have become a growing concern as automakers push to increase sales of electric vehicles and meet tightening emissions standards. An electric Ford F-150 Lightning caught fire on Feb. 4, 2023 due to a battery issue traced back to one of the automaker's suppliers. A bill that requires them to complete a training program about the risk of electric vehicle fires passed unanimously this year. There's also the risk of reignition: Lithium-ion battery fires can re-engage weeks later with little to no warning. An electric Ford F-150 Lightning caught fire on Feb. 4, 2023 due to a battery issue traced back to one of the automaker's suppliers.

☆ Ford doubles down on EVs, while Wall Street looks to Disney for answers. Here's our take on these Club stocks
▼ + stars: | 2023-04-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Walt Disney (DIS) is facing skepticism from Wall Street over its streaming strategy and softer growth at its parks, while Ford Motor (F) is expanding its electric vehicle production. Disney currently owns a 66% stake in Hulu, while its other streaming platforms include Disney+ and ESPN+. Ford Motor The news: Club holding Ford on Tuesday announced a $1.3 billion investment in its Oakville assembly plant in Ontario, Canada. F 1Y mountain Ford (F) one-year performance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Ford Recalls 18 F-150 Lightning EV Trucks to Fix Battery Defect
▼ + stars: | 2023-03-10 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

Battery powered F-150 Lightning trucks on a production line at the Rouge Electric Vehicle Center in Dearborn, Mich.Ford Motor Co. is recalling 18 F-150 Lightning electric pickup trucks after determining that a battery cell manufacturing problem led to a vehicle fire in early February. The root cause of the Feb. 4 fire, which occurred during a pre-shipment quality check, was related to an internal battery short circuit that can occur when the vehicle is at a high state of charge, a Ford spokeswoman said.

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