DIRS.INFO The most relevant business & tech news

☆ Ford-SK venture to get $9.2 billion US loan for battery plants
▼ + stars: | 2023-06-22 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, June 22 (Reuters) - The U.S. Energy Department plans to lend up to $9.2 billion to a joint venture of Ford Motor (F.N) and South Korea's SK On to help it build three battery plants in Tennessee and Kentucky. The conditional commitment for the low-cost government loan for the BlueOval SK joint venture comes from the government's Advanced Technology Vehicles Manufacturing (ATVM) loan program. The joint venture is building three battery manufacturing facilities in Kentucky and Tennessee capable of collectively producing more than 120 gigawatt hours annually, the Energy Department said. This is the sixth loan for battery supply chain projects from the ATVM program. Last year, the department awarded a joint venture of General Motors (GM.N) and LG Energy Solution (373220.KS) $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities.

Persons: Jigar Shah, Dave Webb, Robert Rhee, Ford, Jim Farley, Tesla, David Shepardson, Toby Chopra, David Evans, Alexander Smith Organizations: U.S . Energy Department, Ford Motor, Korea's SK, BlueOval SK, Technology Vehicles Manufacturing, SK, South Korea's SK Innovation, Energy Department, Energy, Ford, Lincoln, Republican, Republicans, Biden, General Motors, LG Energy, Ultium Cells, Thomson Locations: Tennessee, Kentucky, South, United States, KS, Ohio , Tennessee, Michigan, Fremont , California

☆ The market is still overbought, and Cramer is 'still in sell mode.' But that could change
▼ + stars: | 2023-06-20 | by ( Christopher Alessi | In | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 'Still in sell mode' Stay bullish on Nvidia Watch Ford 1. 'Still in sell mode' Stocks started the holiday-shortened trading week under pressure Tuesday, even as technology companies continued to outperform. "I'm still in sell mode," he said. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Stocks, it's, I'm, Jerome Powell, Jim, NVDA, Ford Jim, Jim Farley, Farley, Jim Cramer's Organizations: CNBC, Nvidia Watch Ford, Nasdaq, Federal Reserve, Capitol, Nvidia Evercore ISI, Nvidia, Club, Ford Locations: Dearborn , Michigan

☆ I'm the 'Car Mom' and review family cars for a living. Here's my favorite models and why 100,000-mile vehicles shouldn't scare you.
▼ + stars: | 2023-06-20 | by ( Alexa St. John | ) www.businessinsider.com time to read: +9 min

Kelly Stumpe, also known as the Car Mom, has test-driven and toured 65 family cars. The problem with buying a family car is, it's not just a matter of: "I don't like the drive." It is not as simple as if it has a seatbelt, it can fit a car seat. In the Sequoia, I can only put it in the middle seat, so I could not have another child in this car who would still be in a car seat. It actually allows you to access the third row when a car seat is still installed.

Persons: Kelly Stumpe, Alexa St, Stumpe reevaluated, St . Louis, there's, I've, shouldn't, Joe Raedle, it's, Stumpe, It's, they're, I'm, Sienna Organizations: Morning, Toyota, Hyundai, Nissan, Ford Expedition, Toyota Sequoia, Leasing, Ford The Ford Expedition, General Motors, Honda, VW Locations: John, St, Louis , Missouri, St ., Florida, Hyundai Santa Fe, Autotrader, Edmunds, Yukon

☆ Ford CEO says he didn't really hesitate on the Tesla deal: 'It's good for customers'
▼ + stars: | 2023-06-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

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

☆ U.S. lawmakers to urge automakers to cut their reliance on China
▼ + stars: | 2023-06-19 | by ( ) www.cnbc.com time to read: +2 min

A bipartisan group of U.S. lawmakers will urge the CEOs of Ford Motor and General Motors to shrink reliance on China auto parts, particularly electric vehicle batteries, sources told Reuters on Monday. The focus on Chinese auto parts comes soon after U.S. Secretary of State Antony Blinken made a rare visit to Beijing and hours of meetings failed to produce any major breakthroughs. The $430 billion Inflation Reduction Act (IRA) signed by President Joe Biden in August aims to wean U.S. EV production from Chinese supply chains by imposing new conditions on EV tax credits. Ford's deal announced in February to use technology from Chinese battery company CATL as part of the automaker's plan to spend $3.5 billion to build a battery plant in Michigan has drawn criticism from some lawmakers. Republican Senator Marco Rubio has asked the Biden administration to block EV tax credits for batteries produced using Chinese technology.

Persons: Bolt, Tesla, Jim Farley, Mary Barra, Mike Gallagher, John Moolenaar, Raja Krishnamoorthi, Haley Stevens, Antony Blinken, Ford, Gallagher, Joe Biden, Ford's, Marco Rubio, Biden Organizations: Ford, Ford Motor, General Motors, Reuters, China, Bosch, Energy, U.S, Republican, Bloomberg Locations: Orion Township , Michigan, EVs, U.S, China, Detroit, Continental, Beijing, Shanghai, American, Michigan

☆ I'm a mom that's test-driven or toured 65 family cars — these are my favorite models and top tips for buying
▼ + stars: | 2023-06-17 | by ( Alexa St. John | ) www.businessinsider.com time to read: +9 min

Boric's shock announcement was all the more surprising as no DLE technology has reached commercial production without the use of those ponds, sparking competition to be the first. "Given those demand projections, there's definitely need for more supply from DLE," said Jordan Roberts, a Fastmarkets lithium industry analyst. A customer aiming to produce 15,000 metric tons of lithium each year, for example, could buy three stackable IBAT lithium plants. Exxon has also held talks with EnergySource Minerals about licensing DLE technology, two of the people said. Many brine deposits have varied chemical compositions, meaning it's unlikely that one DLE technology will emerge as a global leader.

Persons: DLE, Ken Hoffman, Gabriel Boric, Eramet, Sunresin, John Burba, That's, Alec Lucas, Jordan Roberts, IBAT, Garry Flowers, Eli Horton, Gavin Rennick, Sinead Kaufman, Dave Snydacker, Steven Schoffstall, doesn't, Chris Doornbos, Ernest Scheyder, Veronica Brown, Claudia Parsons Organizations: . Geological, EV Battery Materials Research, McKinsey & Co, Minerals, Battery Metals, Rio Tinto, Battery Tech, Fastmarkets, Exxon Mobil, Chevron, Reuters, Exxon, EnergySource Minerals, Koch Industries, Ford, SLB's New Energy, Mining, Solutions, BNP, BMW, Breakthrough Energy Ventures, Lake Resources, Miners, General Motors, Canadian, Imperial Oil, Thomson Locations: CHARLES , Louisiana, Europe, Asia, North America, Rio, U.S, DLE, Louisiana, Arkansas, Salton, Salt, Chile, Schlumberger, Nevada, Argentina

☆ Tesla's U.S. electric vehicle market share will drop to 18% by 2026, BofA estimates
▼ + stars: | 2023-06-15 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

Tesla's share of the U.S. electric vehicles market will drop to 18% by 2026, Bank of America analysts estimated in a note Tuesday. That would be a significant drop from the 62% share of the market BofA reported Tesla had in 2022 and even further down from its peak of 78% market share in 2018. That shift is expected as incumbent automakers such as Ford and General Motors are expected to grow their share of the U.S. EV market, according to BofA. Ford and GM, which held 8% and 5% market share respectively in 2022, are expected to grow to 14% of the market each by 2026, the analysts estimated. Overall in that period, the breakdown of U.S. EV market share between incumbents and newer entrants, such as Tesla, would shift from a 35%/65% split to a 70%/30% split, respectively.

Persons: Elon Musk, Tesla Organizations: U.S, Bank of America, Ford, General Motors, EV, GM, CNBC, YouTube Locations: Beijing, China

☆ The best car brands of 2023
▼ + stars: | 2023-06-14 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Consumer Reports released a list of top car brands Thursday. Consumer Reports released its list of the top car brands for 2023 on Thursday. Taking the bottom five spots are Mitsubishi, Alfa Romeo, Jaguar, Jeep, and Land Rover, with Land Rover at the very bottom. Consumer Reports ranked brands first by determining a road-test score using braking, handling, comfort, convenience, and fuel economy evaluations. The other domestic brands fell in the bottom-third of the rankings.

Persons: Alfa Romeo, Dodge, Genesis, Tesla Organizations: BMW, Land Rover, Consumer, Subaru, Lexus, Honda, Rover, Consumer Reports, Ford, GM, Fiat Chrysler, French PSA Group, Lincoln, Chrysler, Pacifica, Toyota, Kia, Mazda, Audi, Acura, Buick, Hyundai, Porsche, Dodge, Tesla, Infiniti, Volkswagen, Volvo, Nissan, Chevrolet, Cadillac, Benz, GMC, Mitsubishi, Alfa, Jeep

☆ Here’s our Monthly Meeting rapid-fire update on all 35 stocks in the Club’s portfolio
▼ + stars: | 2023-06-14 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 35 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. In fact, he named Disney as the best Club stock to gift to a young grandchild. CEO Jim Farley's focus on only making profitable cars and trucks will be put to the test in the current quarter. 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's, Jim, Apple's, there's, Bausch, Estee Lauder, Fabrizio Freda, Berenberg, he's, Jim Farley's, Ford, Locker, Foot Locker's, Mary Dillon's, Patience, we're, Vimal Kapur, Johnson, J, Eli Lilly, Eli Lilly's, Mark Zuckerberg, Morgan Stanley, We're, James Gorman, enabler, aren't, Scott Sheffield, Coterra, PXD, Jim said, Stanley Black, Decker, TJ Maxx, Wells Fargo, Charlie Scharf's, Scharf, Wells, Wynn, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon Web Services, Bausch Health, Caterpillar, Costco Wholesale, Costco, Humana, Coterra Energy, Disney, Emerson, Emerson Electric, National Instruments, Ford, Management, GE Healthcare, Halliburton, HAL, Honeywell, Johnson, Linde, LIN, Meta, underwriters, Cava, Microsoft, Palo Alto Networks, Natural Resources, Procter & Gamble, Constellation Brands, Modelo Especial, U.S, TJX, Marshalls, Home Goods, Wynn Resorts, WYNN, Starbucks, Las, Jim Cramer's Charitable Locations: Asia, China, California, Mounjaro, Palo, Wells, Las Vegas, Macao

☆ I drove the $20,000 Ford Maverick and found the bare-bones truck proves that less can be more
▼ + stars: | 2023-06-12 | by ( Tim Levin | ) www.businessinsider.com time to read: +7 min

The bare-bones Maverick XL hybrid lacks creature comforts like cruise control and power mirrors. The first time I hopped into the new Ford Maverick pickup, I did what any driver would do in an unfamiliar vehicle. The base Maverick XL, which Ford loaned me for a weekend in December, costs $20,000 before fees, which makes it the cheapest model in Ford's lineup. Ford Maverick XLT ($22,360) : adds cruise control, a nicer interior, power mirrors, an in-bed storage cubby, and other features. During my time with the Maverick XL, I debated whether the stripped-down truck would be worth the sacrifices I'd have to make.

Persons: There's, I'd, Tim Levin, Ford, Ford Maverick, Tom Holland Organizations: Morning, Ford, Maverick, Honda, Ford Maverick XL, Maverick XL, Apple, Android, Environmental Protection Agency, Chevy Silverado, Hyundai, Cruz, — Locations: New York

☆ One of our recent top-performers is not in tech. Here's how the stock has been creeping higher
▼ + stars: | 2023-06-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

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 ,

☆ Warner Bros Discovery and Tesla power this week's gains as S&P 500 hits highest level since August
▼ + stars: | 2023-06-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Warner Bros Discovery and Tesla helped push the market higher this week, as the S & P 500 approached its fourth straight week of gains. Warner Bros Discovery popped 19% week to date, and still has another 47% upside — based on FactSet's average analyst price target. About 59% of the analysts covering the stock rate it a buy. Meanwhile, Tesla 's ride higher continued this week, with the electric vehicle maker climbing about 16% since Monday. Norwegian has rallied more than 41% in 2023, but just 37% of analysts covering the stock rate it a buy.

Persons: Tesla, Chris Licht, Donald Trump, Itay Michaeli Organizations: Warner Bros Discovery, Warner Bros, CNN, GM, Ford, Citi, Cruise, Cruises Locations: Norwegian

☆ Tesla stock pops on partnership with General Motors. Here's what the experts have to say
▼ + stars: | 2023-06-09 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Tesla . The experts, including Jim Cramer and Cathie Wood of Ark Invest, discussed the electric vehicle maker as its stock popped 4%. Further, Wedbush added Tesla to its " Best Ideas List ," saying investors "recognize the underlying value in the Tesla EV ecosystem." Last month, Ford also reached an agreement with Tesla on charging station access. Cramer said he thinks Ford is the big winner out of the three automakers involved in the new electric vehicle partnerships.

Persons: Jim Cramer, Cathie, Mary Barra, Elon Musk, Wedbush, Tesla, Ford, Cramer Organizations: Tesla, Ark Invest, General, GM, Charitable Locations: Ark

☆ Tesla's charging partnerships with Ford, GM will speed up green energy transition, Cathie Wood says
▼ + stars: | 2023-06-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

On Thursday, General Motors announced that it was partnering with Tesla to let its customers access Tesla's charging stations. Wood is a long-time Tesla bull, and the electric vehicle stock accounts for more than 12% of Ark's flagship Innovation ETF (ARKK) . Ark projects that Tesla's stock can hit $2,000 per share by 2027. TSLA YTD mountain Tesla's stock has jumped sharply in 2023. Instead of electric vehicle gross margins in the 25%-30% range, we expect autonomous — the platform strategy — to deliver 80%, 90% margin.

Persons: Cathie Wood, Tesla, Wood, — Organizations: Detroit's, Ark Invest, General Motors, Ford, Detroit, America, Motors

☆ Ford recalls 125,000 SUVs, trucks that could catch fire
▼ + stars: | 2023-06-06 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Ford is recalling more than 125,000 Escape SUVs, Maverick pickups and Lincoln Corsair luxury SUVs because their engines could leak fluids and catch fire. There have been a total of 28 fires apparently linked to this issue, according to Ford, including five since last year’s recall. Owners with questions can contact the NHTSA Vehicle Safety Hotline at 888-327-4236 or Ford customer service at 866-436-7332. This recall is unrelated to another recently announced recall of Lincoln MKC SUVs, essentially an earlier version of the Corsair, that could catch fire while parked. Ford also recently had to recall the Bronco off-road SUV because NHTSA found the seatbelts too difficult to reach.

Persons: CNN — Ford, Ford, Lincoln Organizations: CNN, Lincoln Corsair, National, Traffic Safety Administration, Lincoln, Ford, NHTSA Locations: Louisville , Kentucky, Hermosillo , Mexico

☆ Citi upgrades Ford to buy, sees nearly 30% upside as auto sales outlook improves
▼ + stars: | 2023-06-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

The bank upgraded the automotive giant to buy from neutral and raised its price target to $16 per share from $12.80. The new target implies upside of 29% from Friday's close. Vehicle Density Survey shows seasonally adjusted annual auto sales could reach 19 million in the coming years, drastically improving Ford's risk/reward outlook. "Simply put, our survey suggests that recent U.S. auto demand resilience isn't some fluke but rather a genuine increase in wallet share. Ford last month reported stellar first-quarter results , with CFO John Lawler calling them a "peek at what's possible to generate value and growth."

Persons: Itay Michaeli, Michaeli, Ford, John Lawler, —, Michael Bloom Organizations: Ford Motor, Citi, Survey, EV Locations: Friday's

☆ In Richard Ford’s New Novel, One More Trip for Old Times’ Sake
▼ + stars: | 2023-06-05 | by ( Dwight Garner | ) www.nytimes.com time to read: +2 min

In “The Sportswriter,” the first novel in this series, Frank started out as a sensitive young literary man who had published a book of stories. Though the Bascombe novels are set mostly in New Jersey’s wealthier suburbs, they are, oddly, road novels. Springsteen went from “Darkness on the Edge of Town” to “Letter to You.” Holy moly. Ford went from “Independence Day” and “The Lay of the Land” to “Let Me Be Frank With You” and “Be Mine.” Good Lord. The Bascombe novels are road novels, as well, because they are set during holidays, when families are in flux.

Persons: ”, Frank, Ford, yank, John Updike, Roth, Nathan Zuckerman, Angstrom, Bruce Springsteen —, Springsteen Organizations: Toyota Locations: New Jersey

☆ How Ford, GM auto dealers are thinking about Detroit's EV transition and their future
▼ + stars: | 2023-06-03 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +12 min

If consumers are to be sold on the mass adoption of battery-powered electric vehicles, car dealers are going to be essential to the pitch. But she expects more Ford dealers will opt in at a future date, once they observe a meaningful consumer shift to EVs. "Despite significant increases in EV sales in 2023, dealers are largely skeptical about the OEM's timeframes on the EV rollout," Kerrigan said. A dealer in Santa Monica may decide more quickly, "I need to be all-in on EVs," Maas said. It also caps their total EV sales at 25% of inventory.

Persons: Robb Hernandez, Hernandez, Brian Maas, Maas, EVs, Kerrigan, Ford, Erin Kerrigan, Kelley, BEV, Dealers, Jim Farley, Farley, Tesla, Tesla's, Ford's Organizations: Ford, Bloomberg, Getty, EV, GM, Camino Real Chevrolet, Car Dealers, California Air Resources Board, Kerrigan Advisors, Toyota, ICE, CNBC, Auto Locations: Colma , California, Monterey Park, Calif, California, U.S, Santa Monica, EVs, Eureka

☆ Lincoln MKC owners asked to park outside due to fire risk
▼ + stars: | 2023-06-02 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +1 min

CNN —Ford, the parent company of Lincoln, and the National Highway Traffic Safety Administration are warning owners of nearly 143,000 Lincoln MKC compact SUVs to park them outside and away from buildings and other vehicles because they could potentially catch fire, even when not running. A Lincoln MKC at the North American International Auto Show in 2014. Stan Honda/AFP/Getty ImagesThe vehicles involved are model year 2015 through 2019 Lincoln MKC SUVs. Owners will be advised by mail to park their vehicles outside and away from other vehicles. Owners can also visit NHTSA’s SaferCar.gov website and enter their vehicles Vehicle Identification Number (VIN) to see if it’s involved in the recall.

Persons: CNN — Ford, it’s, Lincoln, Stan Honda, NHTSA’s Organizations: CNN, National, Traffic, Lincoln, North American, Getty, Ford Locations: Lincoln, AFP, MKCs, North America

☆ Here's our first-quarter earnings report card for every stock in the portfolio
▼ + stars: | 2023-06-02 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

As a result, about 78% of S & P 500 companies reported better-than-expected earnings results, according to FactSet. Though sales came up short of expectations, earnings, operating margin, and return on capital all notched new record highs in a tough economy. We also saw strong sales of key drug Mounjaro along with positive updates for its potential as a weight loss medication. GE Healthcare (GEHC) reported solid results with its first-quarter earnings release as sales and earnings outpaced expectations. Despite the top-line miss, TJX Companies (TJX) delivered better-than-expected earnings as management demonstrated the ability to diligently control expenses.

Persons: Emerson, Eli Lilly, Strong, Humana, Johnson, Morgan Stanley, Wells Fargo, Wells, Estee Lauder, Locker, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Club, Halliburton, HAL, Linde, LIN, Microsoft, Nvidia, Palo Alto Networks, billings, Procter & Gamble, Devices, Caterpillar, Costco, Coterra Energy, Management, GE Healthcare, Honeywell, Johnson, Wynn Resorts, WYNN, Valley Bank . Disney, Natural Resources, Constellation Brands, TJX Companies, Bausch Health, Nike, Jim Cramer's Charitable, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: Washington, North America, United States, Wells, Macau, Asia, Los Angeles , California

☆ UAW union outlines lofty demands ahead of critical negotiations with Detroit automakers
▼ + stars: | 2023-06-01 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant on Sept. 25, 2019 with Vermont Sen. Bernie Sanders (far left) in Detroit. DETROIT – The United Auto Workers union appears ready to take a hard line when it comes to national negotiations this year with the Detroit automakers, warning of strikes or work stoppages, if needed. UAW President Shawn Fain said the "union will not accept any concessions" from General Motors , Ford Motor and Stellantis – a lofty mission in such negotiations. Contract talks between the union and automakers usually begin in earnest in July ahead of mid-September expirations of the previous four-year agreements. Union leaders, led by Fain, are largely newly elected officers that ran on platforms of standing up to companies and reforming the organization following a years-long federal corruption scandal that partially involved prior negotiations.

Persons: Vermont Sen, Bernie Sanders, Shawn Fain, Fain, Ford Organizations: United Auto Workers, General Motors, Hamtramck Assembly, Vermont, Detroit . DETROIT –, Detroit, UAW, Ford Motor, Union, Detroit automakers, GM Locations: Detroit, Hamtramck, Detroit .

☆ Ford recalls 142,000 Lincoln SUVs in US for fire risks
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: 1 min

Companies Ford Motor Co FollowWASHINGTON, May 31 (Reuters) - Ford Motor (F.N) said on Wednesday it is recalling 142,000 Lincoln MKC SUVs in the United States and advising owners to park outdoors and away from structures while it investigates the cause of under hood fires. 2 U.S. automaker said the issue in the 2015-2019 model year vehicles is believed to originate near the 12-volt batteries. Ford is aware of 19 potentially related reports of under hood fires, including seven reports since December, while the vehicle was parked and off. Ford said it is unaware of any physical injuries related to this condition. Reporting by David Shepardson Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Ford, David Shepardson, Chris Reese Organizations: Ford, WASHINGTON, Thomson Locations: United States, U.S

☆ Ford partners with Tesla for access to EV Superchargers
▼ + stars: | 2023-05-25 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Ford electric vehicle owners will soon gain access to Tesla’s vast EV charging network, according to the CEOs of both companies. Beginning next year, Ford EV owners in the United States can use the Ford’s mobile app to use Tesla’s 12,000 Supercharger stations — the company’s name for its fast charging stations. Tesla’s charging stations outnumber CCS stations in the United States. Existing Ford electric vehicles will use an adapter to access Tesla’s Superchargers. In November, Musk invited other EV makers to build vehicles using Tesla charging ports.

Persons: Jim Farley, Tesla, Elon Musk, Musk, “, ” Musk, Farley, Ford’s, ” Farley Organizations: CNN, Ford, Ford EV, Twitter, General Motors, Audi Locations: United States, California, New York

☆ On its first deployment, the US Navy's newest aircraft carrier makes historic visit near NATO's northern frontline with Russia
▼ + stars: | 2023-05-24 | by ( Christopher Woody | ) www.businessinsider.com time to read: +5 min

US Navy aircraft carrier USS Gerald R. Ford arrived in Oslo for a port call on Wednesday. The Ford is the first US aircraft carrier to visit Norway in 65 years, according to the US Navy. During a major NATO exercise in late 2018, USS Harry S. Truman became the first US aircraft carrier to sail into the Arctic in nearly 30 years. Rick Burgess, called it "an honor, joy, and thrill to visit Oslo and show our cherished partner the Navy's newest class of aircraft carriers." USS Gerald R. Ford in the Oslo fjord with Norwegian navy vessels on May 24.

Search resuls for: ". Ford"

25 mentions found