DIRS.INFO The most relevant business & tech news

☆ Monday is Ford's chance to convince Wall Street skeptics of its EV plans
▼ + stars: | 2023-05-21 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT — Ford Motor on Monday will attempt to turn skeptics of its electric vehicle growth plans, which some Wall Street analysts have called "ambitious" and "crazy high," into believers. The automaker's CEO described the capital markets day as an opportunity to demonstrate how the strategy is "coming to life." The company is expected to run through its profit walks for its traditional "Ford Blue" and "Ford Pro" commercial businesses in addition to its "Model e" electric vehicle unit. Ford also is expected to preview its second-generation battery products and technology, which the company has said will be crucial to achieving that 8% EBIT margin. The EV business is expected to lose about $3 billion this year.

☆ Ford reveals redesigned Ranger pickup with new Raptor performance model
▼ + stars: | 2023-05-10 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

In this article F Follow your favorite stocks CREATE FREE ACCOUNT2024 Ford Ranger Raptor FordDETROIT — Ford Motor on Wednesday revealed its redesigned Ranger midsize pickup truck for the U.S., including a new Raptor performance model. 2024 Ford Ranger Raptor FordFord declined to release the current average transaction price of the Ranger. The Ranger Raptor, which is powered by a 3.0-liter EcoBoost V6 engine, adds to Ford's Raptor lineup that currently includes the F-150 full-size pickup and Bronco SUV. 2024 Ford Ranger Raptor Ford"The mission has always been to climb the mountain to No. 2024 Ford Ranger XLT Sport FordThe Ranger fits in between Ford's compact Maverick pickup and the automaker's full-size F-150 and larger F-Series trucks.

☆ Stocks making the biggest moves after hours: Ford, Starbucks, Clorox and more
▼ + stars: | 2023-05-02 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Ford Motor — Ford topped analysts' expectations on the top and bottom lines, according to Refinitiv. However, the firm reiterated its prior full-year guidance of adjusted earnings between $9 billion and $11 billion, as well as about $6 billion in adjusted free cash flow. Clorox — Clorox gained 1% after topping analysts' expectations on the top and bottom lines. Caesars Entertainment — Caesars Entertainment slid about 0.2% after missing analysts' first-quarter earnings expectations. Otherwise, it reported revenue of $2.83 billion, beating the $2.76 billion forecast.

☆ Ford posts stellar first quarter, boosted by fleet and legacy truck divisions
▼ + stars: | 2023-05-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

DETROIT — Ford Motor on Tuesday reported first-quarter results that significantly topped Wall Street's estimates, as the automaker's fleet and legacy operations outweighed growing losses in electric vehicles. Ford finance chief John Lawler said the quarter was a "peek at what's possible to generate value and growth." The company reiterated it expects full-year adjusted earnings between $9 billion and $11 billion and roughly $6 billion in adjusted free cash flow. Ford said it plans to have capital expenditures of between $8 billion and $9 billion in 2023. Ford also reconfirmed it expects to lose about $3 billion from its electric vehicle operations, known as Model e, in 2023.

☆ Riding with the woman in charge of America’s last muscle car
▼ + stars: | 2023-04-22 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

I could take a ride in what will soon be America’s last gasoline-powered muscle car with the woman who’s in charge of getting it into production and onto the street. Courtesy FordTransou and others at Ford will tell you there is an electric Mustang, the Mustang Mach-E SUV. As we took off, there was a burst of speed and throaty V8 engine noise as we blasted down Manhattan’s 10th Avenue. First, it’s the only actual car Ford currently sells in the United States. About 40% of V8 Mustang buyers get a manual transmission, she said, going for that truly classic driving experience.

☆ EV tax credits 2023: Which models are eligible for up to $7,500 in tax credits?
▼ + stars: | 2023-04-17 | by ( Ella Nilsen | ) edition.cnn.com time to read: +7 min

Under the new rule, consumers can get up to $7,500 back in tax credits on eligible cars. Which models are eligible for the new EV tax credit? Nine models, mostly from foreign brands including Hyundai and Nissan, do not qualify for the new tax credit. Under the new rule, consumers can get up to $7,500 in tax credits on eligible cars. Which countries can the materials come from under the new EV tax credit rule?

☆ Ford reveals new Explorer EV for the European market
▼ + stars: | 2023-03-21 | by ( Michael Wayland | ) www.cnbc.com time to read: 1 min

DETROIT — Ford Motor on Tuesday unveiled its first all-new electric vehicle exclusively for the European market and said it plans to leverage the well-known Explorer nameplate to gain traction. The EV crossover is part of Ford's plans to transition its European lineup to be entirely electric by 2030. The naming is part of the company's strategy to leverage its "most iconic" brands for EVs, including the Mustang Mach-E crossover and F-150 Lightning. Ford said it has no plans to offer the midsize electric crossover in the U.S. It is one of two vehicles expected for Europe that leverages the Volkswagen Group's all-electric "MEB" platform at Ford's factory in Cologne, Germany.

☆ General Motors' China business is hurting, and it's not just because of Covid
▼ + stars: | 2023-03-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

He purchased his Nio over models from rival Chinese automakers Xpeng , Li Auto and IM Motors. GM's operations in the country are much larger than those of its crosstown rival Ford Motor, for example. Equity income from GM's Chinese operations and joint ventures has fallen 67% since its peak of more than $2 billion in 2014 and 2015. And the rising quality of domestic-made electric vehicles helped support — and tap — growing nationalistic pride among China's consumers. In February, Ford named Sam Wu, a former Whirlpool executive who joined the automaker in October, as president and chief executive of its China operations, starting March 1.

☆ Ford Motor Turns to Industry Outsider to Reverse China Slump
▼ + stars: | 2023-02-24 | by ( Selina Cheng | ) www.wsj.com time to read: 1 min

People looked at a Ford Mustang Mach-E at an auto show in Shanghai in 2021. HONG KONG— Ford Motor Co. promoted Sam Wu to head its China business as the American auto maker struggles to reverse its dwindling market share in the world’s biggest car market. Mr. Wu, who joined Ford China as managing director from Whirlpool Corp. in October, takes over as president and chief executive on March 1, the Michigan-based auto maker said in a statement Thursday. In his new role, Mr. Wu will report to Ford CEO Jim Farley and replaces Anning Chen, who is due to retire in October.

☆ Ford suspends electric F-150 Lightning production for another week following battery fire
▼ + stars: | 2023-02-24 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — Ford Motor is suspending production of its electric F-150 Lightning pickup for another week following a battery issue that resulted in one of the vehicles catching fire early this month. "The teams worked quickly to identify the root cause of the issue," Ford said in a statement Friday. Ford last week said it expected Lightning production to be down through at least this week, as engineers determined the root cause of the battery issue and implemented improvements to the manufacturing process. The F-150 Lightning is being closely watched by investors, as it's the first mainstream electric pickup truck on the market and a major launch for Ford. The battery issue adds to ongoing "execution issues" detailed to investors earlier this month by Ford CEO Jim Farley that crippled the automaker's fourth-quarter earnings.

☆ Ford to Cut 3,800 Jobs in Europe in EV Shift
▼ + stars: | 2023-02-14 | by ( William Boston | ) www.wsj.com time to read: 1 min

Ford is resizing its European workforce in the midst of a global push to invest in EVs. BERLIN— Ford Motor Co. is planning to slash 3,800 jobs in Europe over the next three years to lower costs and boost profit as it continues to shift toward electric vehicles, the auto maker said Tuesday. The bulk of the job cuts would primarily hit Ford’s European product-development staff, reducing the number of Europe-based engineers as the company relies more heavily on U.S. development and electric-vehicle technology it has licensed from Volkswagen AG.

☆ Ford is getting back into Formula 1 racing to help sell EVs
▼ + stars: | 2023-02-03 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —America’s major automakers are getting back into Formula 1 racing. The new power units will rely much more on electric power and will burn renewable fuels in less powerful V6 engines. Formula 1 racing is very popular in Europe and has recently found increasing popularity in the United States. Ford currently competes in a variety of motorsports, including endurance sports car racing, drag racing and off-road races. Ford and Red Bull already work together in rally racing.

☆ Ford cuts prices on electric Mustang Mach-E, following Tesla’s lead
▼ + stars: | 2023-01-30 | by ( Michael Wayland | ) www.nbcnews.com time to read: +3 min

DETROIT — Ford Motor is increasing production and cutting prices of its electric Mustang Mach-E crossover, weeks after industry leader Tesla announced similar plans for its EVs. The reductions range from $600 to $5,900, compared with Tesla’s price cuts of up to $13,000 on its Model Y earlier in January. Analysts expected Tesla’s cuts to put pressure on other automakers to cut their own prices. “We are responding to changes in the marketplace,” Gjaja said during a media briefing, referencing new federal EV incentives and Tesla’s price cuts. Ford said existing Mustang Mach-E customers awaiting delivery of their vehicle will automatically receive the adjusted price.

☆ Ford cuts prices on electric Mustang Mach-E, following Tesla's lead
▼ + stars: | 2023-01-30 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

DETROIT — Ford Motor is increasing production and cutting prices of its electric Mustang Mach-E crossover, weeks after industry leader Tesla announced similar plans for its EVs. The reductions range from $600 to $5,900, compared with Tesla's price cuts of up to $13,000 on its Model Y earlier in January. Analysts expected Tesla's cuts to put pressure on other automakers to cut their own prices. "We are responding to changes in the marketplace," Gjaja said during a media briefing, referencing new federal EV incentives and Tesla's price cuts. To increase Mach-E production, Ford is upgrading the plant in Mexico where the vehicles are made.

☆ Ford in Talks to Sell German Plant to China’s BYD
▼ + stars: | 2023-01-24 | by ( William Boston | ) www.wsj.com time to read: 1 min

BERLIN— Ford Motor Co. is in talks with Chinese electric-vehicle maker BYD Co. over the sale of a manufacturing plant in Germany, according to people familiar with the discussions. Officials from Ford’s management in Germany are planning to travel to China next week to discuss the potential sale of a plant in Saarlouis, where vehicle production is slated to end in 2025. Ford produces its Focus compact model there. Terms of the deal, including a price, couldn’t be learned.

☆ Stocks making the biggest moves midday: Meta, Maxar Technologies, Ford, Goldman Sachs and more
▼ + stars: | 2022-12-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Goldman Sachs — Goldman Sachs shares slumped 1% amid news that the Wall Street firm will cut up to 8% of its workforce. The layoffs are slated to come in January and hit all areas of the Wall Street firm, CNBC reported, citing people familiar with the matter. The Wall Street firm cited recent underperformance in net adds as well as growing macro headwinds to advertising revenues. Lincoln National — Shares dropped more than 4% after Lincoln National was downgraded to underperform from hold at Jefferies, according to StreetAccount. JD.com and Alibaba shares rose more than 1% .

Corey Williams, plant manager at Ford's Dearborn Truck Plant and Rouge electric vehicle center, outlines the automaker's production plans for the F-150 Lightning electric pickup during a facility tour on Dec. 13, 2022. DEARBORN, Mich. — Ford Motor has added a third production shift to its Michigan plant that produces the electric F-150 Lightning as it looks to boost output. The addition of the third shift comes as the automaker is expanding the newly built facility to hit a top capacity of 150,000 units by next fall. Ford is on track to hit that previously announced production milestone, Corey Williams, plant manager of the Dearborn Truck Plant and Rouge electric vehicle center, said during a tour of the facility Tuesday. The third shift was added in November, bumping up the electric truck plant's employment from 500 to roughly 750 people.

☆ Forget the F-150 Lightning and Hummer EV. Ford and GM's real battle is for electric delivery vans.
▼ + stars: | 2022-12-11 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

But perhaps their real battle will happen with electric delivery vans. "But the electrification of the commercial vehicle market," he said, "I think is underappreciated." Now, government support through incentives has bolstered EV momentum, and as a result, companies looking for electric fleets will only ask for more. How electric delivery van-makers plan to nail this downFord and GM's inherent advantages over rivals include name recognition, robust supply bases, and ample resources. "We've seen over the decades how strong brand loyalty is in the commercial vehicle segment," said AutoPacific analyst Robby DeGraff.

☆ Here's our November rapid-fire update on the stocks in Cramer's Charitable Trust portfolio
▼ + stars: | 2022-11-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

We think the stock has been hurt by a recent update to the company's reserve quantity. While we're big fans of the company's recent corporate governance cleanup , and we expect some near-term selling pressure associated with those efforts. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) 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.

☆ Want to live in a van down by the river? Ford has a new vehicle for that
▼ + stars: | 2022-11-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Ford says Transit Trail owners will have access to the Ford Pro network of upfitters and interior installers to create the interior space they desire. The Detroit automaker on Thursday revealed the 2023 Ford Transit Trail Van, a new lifted model of its full-size van equipped with all-wheel-drive and more durable, off-road parts for outdoor enthusiasts. Ford is touting the Transit Trail Van as a gateway into "van life," a community of travelers who fully or partially live in their vehicles. The 2023 Ford Transit Trail Van will go on sale in the spring, starting at $65,975. That's about $15,000 more than a base passenger Transit van.

☆ Stocks making the biggest moves after hours: Meta Platforms, ServiceNow, Align Technology and more
▼ + stars: | 2022-10-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines after the bell:Meta Platforms — The Facebook parent plunged more than 13% after missing earnings estimates for the third quarter. Meta beat revenue estimates, posting a better-than-expected decline year-over-year but shared disappointing guidance for the fourth quarter. ServiceNow — The software stock soared 12.4% postmarket as earnings per share came in 12 cents ahead of Wall Street expectations. Align Technology — The maker of Invisalign dental straighteners toppled 16.8% after missing earnings estimates for the recent quarter. O'Reilly Automotive — Shares gained more than 3% after hours following a beat on revenue and earnings for the third quarter.

Instead of having Argo develop self-driving car technology for cars without steering wheels, brakes or accelerator pedals — what is known in the industry as Level 4 or L4 technology — Ford will instead pursue in-house development of a lower level of automated driving technology. Ford reported automotive revenue of $37.2 billion, a jump of $4 billion from a year ago and $1 billion more than the analysts’ forecasts. It also was hit with $1 billion in higher-than-expected supplier payments, and a $1.5 billion increase in commodity costs. But in the end, the big news of the earnings report was a major change in direction on self-driving vehicles. He said there is only so much talent available to develop the different driver assistance and self-driving features.

☆ Ford unveils 2023 Escape to sell alongside Bronco Sport in highly competitive compact SUV segment
▼ + stars: | 2022-10-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

DETROIT — Ford Motor is updating its popular Escape as part of a two-pronged sales strategy alongside the newer, more rugged Bronco Sport in the highly competitive compact SUV segment. The starting price for the 2023 Escape ranges from roughly $29,000 for an entry-level model to $40,000 for a plug-in hybrid electric vehicle. The 2023 Escape is expected to begin arriving in dealer showrooms early next year. U.S. sales of the Escape outsold the Bronco Sport by roughly 30,000 units through the third quarter of this year. The Escape retains its powertrain options, including a traditional hybrid and plug-in hybrid electric vehicle.

☆ Stocks making the biggest moves midday: Hertz, Ford, Keurig Dr Pepper and more
▼ + stars: | 2022-09-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves midday:Hertz — Shares of the rental rental company jumped 1.9% after the company announced a partnership with BP's electric vehicle charging unit that will put thousands of charging stations at Hertz locations. Many of the stations will be used to charge Hertz's growing fleet of electric vehicles, but some will be available for public use. Keurig Dr Pepper — The beverage company shed about 3% after being downgraded by Goldman Sachs to a neutral rating from a buy. Lucid — The electric vehicle stock climbed 1.4% on Tuesday after Cantor Fitzgerald initiated coverage of Lucid with an overweight rating. Ark Invest's Cathie Wood also told CNBC Tuesday she is sticking by her bullish call on Tesla, saying "our confidence couldn't be higher as we see the movement towards electric vehicles accelerates."

☆ Ford’s new Mustang sticks with pure gasoline
▼ + stars: | 2022-09-14 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

The new Mustang will be offered only with pure gasoline power, at least for now. The new Mustang will be offered with a big 5.0-liter V8 engine or a 2.3-liter turbocharged four-cylinder engine just as in today’s Mustang. The new Ford Mustang has the familiar shape but with a more chiseled-looking exterior design. Since then, though, Ford has introduced fully electric cars, like the Ford Mustang Mach-E SUV and the Ford F-150 Lightning pickup, as well as plug-in hybrids. Along with a 500 horsepower V8 engine, the Mustang Dark Horse will have various suspension improvements, as well as dark tinted headlight covers and other visual cues.

Search resuls for: "— Ford"

25 mentions found