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☆ Why Ford's warning and stock drop do not derail our long-term belief in the company
▼ + stars: | 2022-09-20 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Management anticipates third-quarter adjusted earnings before interest and taxes (EBIT) to be between $1.4 billion and $1.7 billion, well below the $2.99 billion estimate predicted by analysts. Moreover, despite that unexpected $1 billion increase in input costs, Ford reiterated their $11.5 billion to $12.5 billion full-year operating profit forecast. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ William and Harry Hold Vigil for Queen Elizabeth II
▼ + stars: | 2022-09-19 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Ford Reveals New Mustang With Gas Engine to Attract Muscle-Car Fans Ford showed its seventh-generation Mustang sports car at the Detroit auto show on Wednesday. The company said the new model will stick with a gas engine, a strategy that contrasts with some of its rivals that are going electric. Photo: Rebecca Cook/Reuters

A Ford Bronco vehicle on a demonstrative course during the Motor Bella Auto Show in Pontiac, Michigan, U.S. on Tuesday, Sept. 21, 2021. Here are the stocks making notable moves in extended trading:Ford — Shares fell about 3.8% post market Monday after the automaker told investors it saw a $1 billion increase in supply chain costs during the third quarter. General Motors — Shares dropped 2% following the announcement from Ford that its supply chain costs were about $1 billion more than anticipated. Cognex — Shares of the machine vision company jumped more than 7% in extended trading after Cognex raised its revenue guidance for the third quarter. Cognex said it now expects revenue between $195 million and $205 million, up from a prior range of $180 million to $190 million, due to faster-than-expected demand fulfillment.

☆ Volkswagen does not see chip shortage ending in 2023, Automobilwoche reports
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +1 min

A Volkswagen logo is seen as it launches its ID.6 and ID.6 CROZZ SUV at a world premiere ahead of the Shanghai Auto Show, in Shanghai, China April 18, 2021. REUTERS/Aly Song/File PhotoBERLIN, Sept 19 (Reuters) - Volkswagen (VOWG_p.DE) no longer sees chip shortages ending in 2023, and the German carmaker is preparing for the "new normal" of supply chain disruptions, Murat Aksel, head of procurement on the Volkswagen board, told German weekly Automobilwoche. However, Aksel warned that "what we've seen in the supply chains over the past two years, this is the new normal," adding that Volkswagen is investing heavily in early detection. "With the new geopolitical issues, if anything, it's going to get even more complex and challenging," added Aksel. Register now for FREE unlimited access to Reuters.com RegisterWriting by Miranda Murray, editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

☆ Biden says 'the pandemic is over' even as death toll, costs mount
▼ + stars: | 2022-09-19 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +1 min

"The pandemic is over," Biden said during an interview conducted with CBS' "60 Minutes" program on Wednesday on the sidelines of the Detroit auto show, an event which drew thousands of visitors. Biden spent more than two weeks isolated in the White House after two bouts with COVID-19, starting in July. read more Biden has said the mild cases were a testament to the improvements in care during his presidency. Biden has asked Congress for $22.4 billion more in funding to prepare for a potential fall case surge. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Trevor Hunnicutt Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ Biden says the 'pandemic is over' despite the US maintaining one of the highest death rates worldwide with nearly 400 Americans dying of COVID-19 daily
▼ + stars: | 2022-09-19 | by ( Isabella Zavarise | ) www.businessinsider.com time to read: +2 min

President Biden said the COVID-19 pandemic was over in an interview with CBS News on Sunday. "We're still doing a lot of work on it, but the pandemic is over," said Biden. Sign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox. "The pandemic is over," Biden said, but acknowledged the virus is still a problem. In May, the President told Americans to not grow numb as the country's death toll rose to 1 million people.

☆ Moderna, BioNTech, and Novavax plunge after President Biden says the COVID-19 pandemic 'is over'
▼ + stars: | 2022-09-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

COVID-19 vaccine stocks plunged on Monday after President Joe Biden said the pandemic "is over." Shares of Moderna, BioNTech, and Novavax all fell as much as 9% in Monday's trading session. While the pandemic may be nearing its end, demand for COVID vaccines could continue for years to come. Moderna expects to generate about $21 billion in revenue in 2022, while BioNTech expects to see up to $17 billion in revenue for the year. Average 2023 revenue estimates for Moderna and BioNTech fall to $10.7 billion and $9.8 billion, respectively, while and Novavax should see relatively flat revenue at $2.3 billion.

☆ Factbox: The structure of the planned Porsche IPO
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +3 min

- Shares in Porsche AG are expected to start trading on Frankfurt's stock exchange on Sept. 29. - Volkswagen's proceeds from the sale of ordinary and preferred shares will be between 18.1 billion and 19.5 billion euros. - Volkswagen AG and Porsche SE will jointly own all of Porsche AG's ordinary shares in a 75% minus one share-25% plus one share split. - Overall, 75% minus one ordinary share of Porsche AG's total share capital will be owned by Volkswagen AG after the IPO. - Porsche SE will own 12.5% plus one ordinary share of Porsche AG's total capital while Qatar will own 2.5%.

REUTERS/Jonathan ErnstWASHINGTON, Sept 19 (Reuters) - What is the status of COVID-19 now that President Joe Biden has told the CBS 60 Minutes news program the pandemic is over in the United States? The United States is still operating under the public health emergency, first declared in January 2020. Register now for FREE unlimited access to Reuters.com RegisterThe U.S. Department of Health and Human Services (HHS) is expected to renew that designation in October but then let the public health emergency expire in January 2023. read moreWorld Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus said last week that the "end is in sight" for the pandemic, but still urged nations to maintain their vigilance. The United States has just begun a new COVID vaccination campaign with boosters tailored to the Omicron variant that leading infectious disease doctor Anthony Fauci compared to the annual flu vaccination efforts.

☆ 5 things to know before the stock market opens Monday
▼ + stars: | 2022-09-19 | by ( Mike Calia | ) www.cnbc.com time to read: +4 min

Bad morning for stocksU.S. equities markets were on track to open lower Monday morning, adding to the misery lingering from last week's losses. The Covid pandemic isn't the emergency it once was. The development came after Russian President Vladimir Putin's forces suffered a quick succession of losses, ceding territory back to the government of Ukrainian President Volodomyr Zelenskyy. Thomas Peter | ReutersChina might have reported better-than-expected economic data last week, but don't bet on it lasting, according to analysts. Catastrophe in Puerto RicoA man stands on the beach with his son in in Nagua, Dominican Republic, on September 18, 2022.

☆ Biden's comments about pandemic widen public health split over how US should respond to Covid-19
▼ + stars: | 2022-09-19 | by ( Brenda Goodman | ) edition.cnn.com time to read: +6 min

Some public health experts worry that political motives are driving the President's desire to declare the pandemic over, rather than protection of the public's health. It's a 9/11, week after week after week," said Gregg Gonsalves, an epidemiologist at the Yale School of Public Health. The World Health Organization recognizes a global health threat as something different: a public health emergency of international concern, or PHEIC. The US also recognizes a public health emergency. Covid-19 is still considered to be a public health emergency both domestically and around the world.

☆ Why Ford is keeping its Mustang gas-powered as part of its electric vehicle push
▼ + stars: | 2022-09-16 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

That's because despite the EV transition, Mustang is sticking with gas-powered engines for the seventh-generation vehicle in 2024. "People are leaving the segment, like Dodge, so we have a chance to really present something new about Mustang," Farley said following the 2024 Mustang debut. Farley and Ford Chair Bill Ford declined to say whether the seventh-generation Mustang is expected to be the last gas-powered version of the car. The Mach-E, which shares little to nothing with the gas-powered Mustang other than a name, has led Ford to become the second bestselling brand of EVs in the country. U.S. President Joe Biden stands next to a Ford Mustang Mach-E (electric) SUV during a visit to the Detroit Auto Show, to highlight electric vehicle manufacturing in America, in Detroit, Michigan, September 14, 2022.

☆ Porsche IPO has two investor roadblocks to clear
▼ + stars: | 2022-09-16 | by ( Neil Unmack | ) www.reuters.com time to read: +5 min

The 2020 Porsche 911 Carrera 4S is introduced during a Porsche press conference at the Los Angeles Auto Show in Los Angeles, California, U.S., November 28, 2018. Porsche’s valuation rests on how closely it can mimic peer Ferrari (RACE.MI), and what discount should be applied to its complex governance. VW’s influence in Porsche will be diluted by Porsche SE’s stake. Volkswagen will divide Porsche’s shares into voting ordinary and preferred shares, which carry no voting rights. Porsche’s valuation is likely to be between 70 billion euros and 80 billion euros, Reuters reported, citing a source close to the matter.

☆ Biden declares Detroit 'back' at EV-focused car show
▼ + stars: | 2022-09-15 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

BusinessBiden declares Detroit 'back' at EV-focused car showPostedPresident Joe Biden took a victory lap on Wednesday at the Detroit auto show as he highlighted automakers' electric-vehicle push, including billions of dollars in investments in battery plants, on the back of new government support. Jayson Albano reports.

☆ The most outstanding cars Ford mega-fans saw at the largest Ford-only auto show in Carlisle, Pennsylvania
▼ + stars: | 2022-06-07 | by ( Alexa St. John | ) www.businessinsider.com time to read: +1 min

Ford fans gathered at the carmaker's largest auto show in Carlisle, Pennsylvania this weekend. Showgoers got to see everything from classic Ford models to the latest Ford electric vehicles. This article is part of the Ride Along series, a collection of stories recapping some of the biggest auto shows around the country. At the show, the largest Ford-only event in the world, attendees could see a Carlisle car show record of 3,454 Ford, Lincoln, and Mercury vehicles spanning the automaker's history. Here's a look at eight cars, old and new, that caught attention at the show.

☆ Meet 8 of the top cars seen at the New York Auto Show — and the newest ones from budding EV startups
▼ + stars: | 2022-04-22 | by ( Alexa St. John | Tim Levin | ) www.businessinsider.com time to read: +1 min

Auto shows have helped car companies over the years make big splashes and reveals. Automakers and startups showed off refreshes and new vehicles at the New York Auto Show this year. Here's a look at some of the hottest cars that automakers showcased in New York. This article is part of the Ride Along series, a collection of stories recapping some of the biggest auto shows around the country. But the show's spotlight also shone brightly on EV startups — and quite fresh ones at that.

☆ Volkswagen focuses on regions to reduce supply chain vulnerability
▼ + stars: | 2022-04-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Aly Song/File PhotoBERLIN, April 19 (Reuters) - Volkswagen (VOWG_p.DE) said on Tuesday that a new growth plan would aim to reduce its vulnerability to the effects of global conflicts, such as supply chain disruption and rising prices, by divesting more power to its regions and brands. "The latest geopolitical changes and increased block-building have been exposing our global vulnerability, particularly with regards to the U.S.," Volkswagen Chief Executive Herbert Diess said in a LinkedIn post. read moreVolkswagen warned last week that it was feeling the impact of rising prices and supply chain bottlenecks, with deliveries in March down 37.3% from last year. read moreMercedes-Benz (MBGn.DE) Chief Technology Officer Markus Schaefer said last week that the German carmaker was also tightening its supply chains in light of global bottlenecks. Diess first announced a reshuffling of responsibilities at Volkswagen last December, after weeks of clashes between the CEO and labour unions over his leadership.

☆ The $56,000 Hyundai Ioniq 5 is an electric living room on wheels that'll make you want to ditch gas for good
▼ + stars: | 2022-04-07 | by ( Tim Levin | ) www.businessinsider.com time to read: +10 min

The 2022 Hyundai Ioniq 5 Limited AWD. The 2022 Hyundai Ioniq 5 Limited AWD. The 2022 Hyundai Ioniq 5 Limited AWD. The 2022 Hyundai Ioniq 5 Limited AWD. The 2022 Hyundai Ioniq 5 Limited AWD.

☆ Meet 8 of the top cars seen at the Chicago Auto Show — and the best electric options
▼ + stars: | 2022-02-22 | by ( Alexa St. John | ) www.businessinsider.com time to read: +2 min

Car companies historically use auto shows as opportunities to show off new vehicles. Automakers debuted a pile of new vehicles, many electric, at the Chicago Auto Show this year. This article is part of the Ride Along series, a collection of stories recapping some of the biggest auto shows around the country. At this year's Chicago show, car companies had debuts, and many outlined — to no surprise — the electric future of their lineups. You can see the future of autos from makers like Ford, GM, and Subaru, at the Chicago Auto Show.

☆ Review: The $23,000 Hyundai Venue Denim compact SUV is an absolute steal for the price
▼ + stars: | 2021-09-09 | by ( Alanis King | ) www.businessinsider.com time to read: +12 min

But when a 2021 Hyundai Venue Denim recently showed up at my door for a two-week test drive, I realized maybe the Denim wasn't the ugly one. The Hyundai Venue Denim. Hyundai Venue Denim ($22,050): adds LED headlights as well as "Denim" appearance package with blue body, white roof, and blue interior. Blue, blue, blue. The Hyundai Venue Denim.

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