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☆ Ford to halt production of electric F-150 Lightning next month until 2025
▼ + stars: | 2024-10-31 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Ford workers produce the electric F-150 Lightning pickup at the automaker's Ford Rouge Electric Vehicle Center on Dec. 13, 2022. DETROIT — Ford Motor plans to halt production of its all-electric F-150 Lightning from mid-November until early next year to address bloated inventories and narrow losses on the pickup trucks. The automaker on Thursday confirmed the seven-week shutdown would occur at its Rouge Electric Vehicle Center in suburban Detroit from Nov. 18 until Jan. 6, including previously planned holiday downtime at the end of the year. "We continue to adjust production for an optimal mix of sales growth and profitability," Ford said in an emailed statement. Ford said not all of the workers will be laid off for the entire duration of the downtime.

Persons: Ford Organizations: Ford Rouge Electric Vehicle Center, DETROIT, Ford Motor, Electric Vehicle Center, Automotive News Locations: Detroit, Michigan

☆ 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

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

☆ 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 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

☆ 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 halts production and shipments of its electric F-150 Lightning due to potential battery issue
▼ + stars: | 2023-02-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker's Ford Rouge Electric Vehicle Center (REVC). DETROIT – Ford Motor has paused production and shipments of its electric F-150 Lightning pickup due to a potential battery issue, the company said Tuesday. Ford has not established a timeline for when production and the shipments will resume, Bergg said. Bergg said the company is unaware of any incidents or issues associated with the potential battery issue. 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.

☆ Ford CEO Jim Farley's frustration builds as he vows to transform the automaker
▼ + stars: | 2023-02-03 | by ( Phil Lebeau | ) www.cnbc.com time to read: +4 min

In this article F Follow your favorite stocks CREATE FREE ACCOUNTwatch nowFord CEO Jim Farley is frustrated. In short, Farley wants Ford to become a far more efficient company, and he needs it to happen quickly. Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022, at the automaker's Ford Rouge Electric Vehicle Center. Farley said the answer is not simply cutting jobs, which has historically been the way automakers have cut costs. Will this new push to cut costs hurt Ford's growth in production and sales of electric vehicles?

☆ Ford claims No. 2 spot in EVs behind Tesla – but gap remains wide
▼ + stars: | 2022-12-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Tesla remains the industry leader by a wide margin, but has been losing market share as more EVs enter the market. The company reported sales of 53,752 all-electric vehicles in the U.S. through November. Tesla has long-dominated U.S. EV sales. Ford reported its EV sales as part of its November results, which overall were down 7.8% from a year earlier. Its EV sales were up from a year ago, when sales volume was very limited.

☆ Ford must bring more work in-house to preserve jobs - CEO
▼ + stars: | 2022-11-15 | by ( Joseph White | ) www.reuters.com time to read: +2 min

[1/2] Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, U.S. April 26, 2022. Electric vehicles will require 40% less labor to build than current combustion vehicles, Farley told a conference in Detroit sponsored by the Rainbow PUSH Coalition, a civil rights group. Bringing production of electric vehicle motors, batteries and other components in-house was necessary to preserve jobs and to be competitive, Farley said. 1 U.S. electric vehicle maker, builds much of the hardware for its electric vehicles, including batteries. Ford has begun building an electric vehicle manufacturing complex in Western Tennessee called Blue Oval City.

☆ Ford's fundamentals remain strong, despite CEO's recession worries, productions snags
▼ + stars: | 2022-09-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

"The risk has gone up for a moderate recession certainly from all the indicators we've seen," Farley said. Earlier in the week, Jim said that investors who don't own any shares of Ford should buy "aggressively" to take advantage of the yield . Chips shortage Despite the ongoing supply chain challenges, Farley said the automaker's chip shortage is improving. 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 next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022.

☆ Ford asks dealers to invest in EVs as it chases Tesla-like profit
▼ + stars: | 2022-09-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Ford is offering its dealers the option to become "EV-certified" under one of two programs — with investments of $500,000 or $1.2 million. Dealers in the higher tier, which carries upfront costs of $900,000, will receive "elite" certification and be allocated more EVs, executives said. It's an effort to elevate Ford dealers as the company seeks to grow sales across its traditional and commercial businesses as well as EVs. Tesla and other electric vehicle startups sell directly to consumers without franchised dealers.

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