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☆ Ford recalling 18 electric F-150 Lightning pickup trucks after battery fire
▼ + stars: | 2023-03-10 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – Ford Motor is recalling 18 electric F-150 Lightning pickups that the company has identified as potentially having a battery cell defect that caused a truck to catch fire last month. A Ford spokeswoman declined to disclose how many trucks Ford has in holding that may have the issue. Ford said it is not aware of any reports of accident or injury related to the battery issue or recall. 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 initially opened customer reservations for the F-150 Lightning when it was revealed in May 2021.

☆ US Postal Service plans to buy 9,250 EV Ford delivery vehicles
▼ + stars: | 2023-02-28 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Postal Service (USPS) said Tuesday it plans to buy 9,250 Ford (F.N) E-Transit battery electric vehicles starting later this year and will also purchase an equal number of gasoline-powered models from Chrysler-parent Stellantis (STLAM.MI). Congress in August gave USPS $3 billion as part of a $430 billion climate bill to buy electric vehicles and charging infrastructure. USPS said it will also buy 9,250 2023 and 2024 model year Ram ProMaster vans from Chrysler-parent Stellantis "to fill the urgent need for vehicles." They are part of the 21,000 vehicles included in USPS December vehicle plan. Democratic Senator Gary Peters praised USPS for using funding to "quickly adopt more cost effective and energy efficient electric vehicles."

☆ 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 F-150 Lightning EV production to be halted at least through end of next week
▼ + stars: | 2023-02-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Ford CEO Jim Farley pats a Ford F-150 Lightning truck before announcing at a press conference that Ford Motor Company will be partnering with the world's largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. DETROIT – Ford Motor expects production of its electric F-150 Lightning pickup to be down through at least the end of next week to address a potential battery issue, the automaker said Wednesday. The investigation into the problem is expected to be completed by the end of next week, followed by adjustments to the truck's battery production process that "could take a few weeks." 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's latest EV blunder increases the odds we'll drop the stock, if there's no progress this quarter
▼ + stars: | 2023-02-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Ford Motor (F)'s decision to halt production and shipments of its electric pickup truck further undermines our confidence in the automaker. CEO Jim Farley said the weak earnings were a function of the automaker's transition to a new business structure that limited production capacity, combined with poor execution. "It's inexcusable that Ford had a bad quarter," Jim said at the time. 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.

☆ F1 takes Manhattan as American fans give warm embrace
▼ + stars: | 2023-02-03 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

[1/2] The new Red Bull F-1 Racing Team unveils the RB19 car in a partnership with Ford during a launch event in New York City, U.S., February 3, 2023. Where once NASCAR and IndyCar had a stranglehold on American gearheads, the splash hit Netflix docu-drama "Drive to Survive" has indoctrinated legions of new fans in the United States. Las Vegas will join Austin and Miami as the third race in the United States in the 2023 calendar as F1 looks to make further inroads into the lucrative market. The event also served as the unveiling of a new partnership with the Ford Motor Company, which will partner Red Bull Powertrains, the company established to build engines for Red Bull, in a show of confidence for the sport's U.S. popularity. Ford will return to Formula One with the reigning champions in 2026 after an absence of more than 20 years.

☆ Stocks making the biggest moves midday: Carvana, Colgate-Palmolive, Tesla and more
▼ + stars: | 2023-01-30 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Tesla — Shares dropped 2.8% after Berenberg lowered its earnings estimate for Tesla by around 25% for 2023 following the company's price cuts for its electric vehicles. Ford Motor Company — Shares fell nearly 1.4% after the company announced price cuts for its electric Mustang Mach-E crossover. The move in Ford comes after Tesla said earlier this month it would trim prices to counteract dwindling demand. AMC Entertainment — Common shares of the theater chain fell by more than 7% after AMC announced a shareholder meeting in March for a potential change to its capital structure. The preferred or "APE" shares, which trade at a large discount to the common shares, jumped by more than 16%.

☆ Why Auto Marketing Looks Poised for Growth in 2023
▼ + stars: | 2023-01-27 | by ( Megan Graham | ) www.wsj.com time to read: +5 min

A year like that might typically drive auto marketing off a cliff. “We haven’t taken our foot off the accelerator, because we do see the transformation of EVs occurring,” Mr. Wager said. “You don’t put a vehicle in the Super Bowl to sell 20,000 vehicles—that doesn’t make any sense,” Mr. Wager said. “You wouldn’t put it on television normally, unless you’re creating the halo of the electrification of the brand,” Mr. Wager said. Kia will be at the Super Bowl again this year, this time advertising its Telluride SUV.

☆ Senate Banking Chairman Brown to introduce bill closing 'shadow' banking loophole after Elon Musk says Twitter will process payments
▼ + stars: | 2022-12-06 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Senate Banking Committee Chairman Sherrod Brown will introduce a bill Tuesday that aims to close the so-called shadow banking loophole that allows retail and tech companies to offer banking services without the same stringent oversight as other financial institutions. Twitter is one of several non-bank companies that sought to enable banking services for users through state-chartered ILCs. Jack Dorsey, Musk's predecessor at Twitter, also was involved in financial services through his separate payments company Square. Other companies that have applied for ILC charters include eCommerce marketplace Rakuten, Ford Motor Company and financial services firm Edward Jones . The Federal Deposit Insurance Corporation approved ILC deposit insurance applications for Square and Nelnet, a student financial services company, in 2020.

☆ Treasury outlines wage, apprenticeship requirements for clean energy tax credits
▼ + stars: | 2022-11-29 | by ( Emma Kinery | ) www.cnbc.com time to read: +3 min

"I want to send a message to investors, developers, contractors looking at clean energy projects," said Labor Secretary Marty Walsh. The Inflation Reduction Act, which became law in August, allocated $369 billion toward addressing climate change through clean energy initiatives. Firms have to pay workers the prevailing wage for their area and abide by rules for the use of apprenticeship programs. The prevailing wage and apprenticeship requirements are needed for companies to receive the Advanced Energy Project Credit, the Alternative Fuel Refueling Property Credit, the Credit for Carbon Oxide Sequestration, the Clean Fuel Production Credit, the Credit for Production of Clean Hydrogen, the Energy Efficient Commercial Buildings Deduction, the Renewable Energy Production Tax Credit and the Renewable Energy Property Investment Tax Credit. The prevailing wage stipulation is also required for the New Energy Efficient Home Credit and the Zero-Emission Nuclear Power Production Credit.

☆ Billionaire Marc Lasry details the opportunities he sees right now from buying up stocks to debt financing: 'If you need any money, call'
▼ + stars: | 2022-11-08 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +2 min

A depressed market is good for firms like Avenue Capital that make distressed investments. Billionaire CEO Marc Lasry breaks down the potential opportunities at a Forbes conference in NYC. Lasry sees demand booming for high interest rates loans of up to 15%. Lasry is the CEO and co-founder of Avenue Capital Group, which makes money in tough times, including through high-interest rate loans to distressed borrowers. He also sees buying opportunities in stocks.

☆ Democratic Rep. Josh Gottheimer faces off against Republican Frank Pallotta in New Jersey's 5th Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. Josh Gottheimer is running against Republican Frank Pallotta in New Jersey's 5th Congressional District. The 5th District stretches through northern New Jersey. New Jersey's 5th Congressional District candidatesGottheimer, first elected in 2016, is vying for a fourth term in Washington, DC. He ran in the general election for New Jersey's 5th Congressional District in 2020, only to lose to Gottheimer, 45.6% to 53.2%. Voting history for New Jersey's 5th Congressional DistrictNew Jersey's 5th Congressional District stretches through northern New Jersey from Bergen County into some of the more rural areas on the state's western flank.

☆ Billionaire Marc Lasry breaks down where he sees opportunities in the current economy, and why rising rates mean he's no longer getting laughed off the phone
▼ + stars: | 2022-11-03 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +2 min

☆ How the warehouse boom devoured America's workforce
▼ + stars: | 2022-10-19 | by ( Aki Ito | ) www.businessinsider.com time to read: +12 min

It all happened so fast, we never got a chance to ask the most fundamental question: Is the sudden and dramatic shift to warehouse work a good thing? Has the explosion in warehouse jobs, taken as a whole, left us better off than before? As my colleague Katherine Long outlines in her story about musculoskeletal disorders, warehouse work is dangerous. "Warehouse workers," he says, "are the assembly-line workers of contemporary capitalism." That experience has given him hope that warehouse jobs, like their assembly-line predecessors, could wind up being a source of both personal pride and economic advancement.

☆ The impact of a downturn will be less severe for the auto industry, says former Ford Motor CEO
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe impact of a downturn will be less severe for the auto industry, says former Ford Motor CEOMark Fields, former Ford Motor Company CEO and president, joins 'Squawk on the Street' to discuss the auto industry's exposure to supply and demand constraints, pent-up demand due to drops in availability, and the impact of an economic downturn.

☆ GM is starting an energy storage subsidiary to take on the Tesla Powerwall
▼ + stars: | 2022-10-11 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

The new business unit, called GM Energy, will consist of Ultium Home, Ultium Commercial and Ultium Charge 360 divisions. Ultium Home and Ultium Commercial will, as their names imply, supply energy storage for homes and businesses, respectively. GM Energy will also be involved with hydrogen fuel cells and solar energy products, GM said in its announcement. GM Energy will work with California’s Pacific Gas and Electric on a pilot program to test the concept using GM electric vehicles starting in 2023, GM said in the announcement. The new subsidiary is also working with solar energy provider SunPower, which will install solar panels on customers’ homes, GM said.

☆ Stocks making the biggest moves midday: Change Healthcare, Ford, PayPal, Humana and more
▼ + stars: | 2022-09-20 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Change Healthcare – Shares of Change Healthcare jumped 6.4% after a federal judge said that UnitedHealth cannot take over the company. Humana – Shares of health company Humana gained 1% and touched an all-time high a day after the company raised its earnings guidance for the fiscal year. Cognex — Shares of machine vision systems maker Cognex jumped nearly 7% after the company raised its revenue outlook for the current quarter. Olin — The manufacturing company fell 4.6% after issuing its third-quarter EBITDA guidance. MicroStrategy – Shares of software company MicroStrategy fell 4.6% after the company announced that it made its smallest purchase of Bitcoin in two years.

Viorel Bostan, comunitatea academică a Universității Tehnice a Moldovei vă aduce sincere și meritate felicitări cu ocazia realegerii dvs. Viorel Bostan a făcut licența în „Matematică-mecanică” și Masterul în „Mecanică” la Universitatea din Bucureşti, Doctoratul în „Ştiinţe ale matematicii aplicate şi computaţionale”. În 2013, pentru ciclul de lucrări privind soluţiile tehnice utilizate în cadrul proiectării şi fabricării sistemelor de conversie a energiilor regenerabile a fost desemnat „Savantul Anului”. Viorel Bostan, a fost ales rector al UTM pentru prima oară în luna noiembrie 2015. Funcţia de rector al Universităţii poate fi deţinută de una şi aceeaşi persoană nu mai mult de două mandate consecutive, a câte 5 (cinci) ani fiecare.

Persons: Rector, ., Viorel Bostan Organizations: Universității Tehnice, Moldovei, UTM, Universitatea din Bucureşti, Universitatea, FORD Motor Company, Computer, Springer, Academiei Tehnice din Locations: Yowa, SUA, Detroit, Hochschule Konstanz, Germania, Republica Moldova, Bruxelles, Geneva, Arhimedes, Moscova, Iaşi, Cluj - Napoca, Inventika, Bucureşti, New, Sevastopol, IWIS, Varşovia, INOVA, Zagreb, Massachusetts, Academiei Tehnice din România, Universităţii

☆ Ford ar putea să își producă propriile sale baterii pentru automobilele electrice
▼ + stars: | 2020-08-22 | by ( Https | Www.Facebook.Com Radiochisinau | ) radiochisinau.md time to read: +3 min

Acest lucru este ceva natural având în vedere creșterea vânzărilor de automobile electrice", a spus Jim Farley la teleconferința Reuters Automotive Summit. În urmă cu doar patru luni, directorul general Ford de atunci Jim Hackett spunea că "nu există avantaje" pentru ca Ford să își producă propriile sale baterii. În cazul nostru, acest lucru necesită o discuție activă cu sindicatele și una din alegerile evidente este producția de baterii" a spus Jim Farley. Ford Motor Company este o companie globală cu sediul în Dearborn, Michigan. Pe lângă Ford Motor Credit Company, operațiunile Ford Europa includ Divizia de servicii pentru clienți Ford și 19 unități de producție (12 unități proprii și șapte asocieri în participație neconsolidate).

Persons: Jim Farley, Jim Hackett, Tesla Organizations: american Ford Motor, Ford, Reuters, Agerpres, teleconferința Reuters, Summit, Motors, Company, Lincoln, Ford Motor Credit Company, Ford Europa Locations: american, Dearborn, Michigan

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