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☆ Ford's strong hybrid sales show the company needs to pivot to increase profits
▼ + stars: | 2023-12-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Hybrids "make a ton of money," Jim Cramer said Monday after Ford reported a 75% year-over-year surge in hybrid sales in November to roughly 12,100 vehicles. "Ford should be spewing capital right now," because hybrid vehicles are more profitable than EVs, Jim added. He also suggested that given the new sales numbers Ford could be in better shape than its stock indicates. Perhaps keeping a lid on gains was the 6.5% drop reported in legacy internal combustion engine vehicle (ICE) sales to nearly 124,500 units. Maverick and F-150 trucks drove a 40% increase in hybrid sales in the third quarter, the three months ended in September.

Persons: Jim Cramer, Ford, Jim, Jim Farley, Farley, Jim Cramer's Organizations: Ford, EV, ICE, United Auto Workers, UAW, CNBC, Ford Maverick

☆ Ford's US vehicle sales slip 0.5% in November
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

REUTERS/David 'Dee' Delgado/File Photo Acquire Licensing RightsDec 4 (Reuters) - Ford Motor (F.N) posted a 0.5% drop in U.S. new vehicle sales for November on Monday, as the automaker worked to restart some of its key plants following a lengthy workers' strike that impacted vehicle production. Ford reached a deal with the United Auto Workers (UAW) union in late October, ending an over month-long strike the company said will cost it $1.7 billion. Ford's CFO John Lawler said in October restarting the plants would be complicated after the deal, which UAW workers ratified in November. Sales of Ford's electric vehicles jumped 43.2%, to 8,958 units from a year ago, the automaker said on Monday. The company reported total sales of 145,559 vehicles in November, compared with 146,364 units last year.

Persons: David, Dee, Delgado, Ford, John Lawler, Nathan Gomes, Pooja Desai Organizations: New York, REUTERS, Ford, United Auto Workers, UAW, Detroit Three, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

A British woman and her husband won more than $180 million in a lottery in 2012. AdvertisementGillian Bayford and her then-husband won the equivalent of $187.5 million in a EuroMillions lottery in August 2012. Bayford told The Sun that she gave roughly £20 million, about $25 million, to her family members but has since severed ties with them, even missing out on an invitation to her brother's wedding. Despite offering her family financial help, Bayford told the newspaper that relationships dramatically deteriorated. Speaking to The Sun about her family, Bayford said: "They're rubbing people's noses in it by flashing their cash, which I think is downright nasty."

Persons: wasn't, Gillian Bayford, Bayford, Bayford's, Brenda McCulloch, it's, It's, Adrian Bayford, Emily Irwin Organizations: Sun, The Times, Daily, Wells Locations: British, Scotland, London, Her

The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsDec 1 (Reuters) - Tesla shares (TSLA.O) fell about 2% on Friday after the highly anticipated launch of its Cybertruck left analysts concerned about the electric vehicle's steep price tag and a longer wait for significant financial payoff. Musk has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025. At $235.45, Tesla was set to lose about $15 billion in market valuation on Friday. "Cybertruck is more of a 'halo' product, in our view, to attract consumers to the brand for the mainstream vehicles Model 3 and Model Y," RBC Capital Markets analyst Tom Narayan said.

Persons: Yves Herman, Elon Musk, Wedbush, Bernstein, Musk, Tesla, Tesla's, Rivian, R1T, Tom Narayan, Samrhitha Arunasalam, Chavi Mehta, Devika Organizations: REUTERS, General Motors, Hummer, RBC Capital, Thomson Locations: Drogenbos, Belgium, Bengaluru

☆ Tesla finally released the Cybertruck's official specs. Here's how it measures up.
▼ + stars: | 2023-11-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

The truck outdoes the F-150 Lightning with up to 11,000-pound towing capacity for higher-end models. AdvertisementHere's everything else we know about the Cybertruck after its official reveal:How much the Tesla Cybertruck costsTesla now lists estimated purchase prices for all Cybertruck models on its website, before any tax credits. The all-wheel drive, 340-mile range Cybertruck costs an estimated $79,990 before tax credits, while the "Cyberbeast" 320-mile range model will run you an estimated $99,900 before any incentives. Steel bodyThe Cybertruck's steel body is made from Tesla-designed "stainless steel super alloy," according to the company. This super-rigid steel — which Tesla claims is bullet-proof — would break a traditional stamping machine, which is used to give vehicle bodies their shape.

Persons: Tesla's Cybertruck, —, Tesla, Elon Musk's, Musk Organizations: Tesla, Service, Porsche

But since Musk unveiled it four years ago, all three Detroit automakers have shown electric trucks of their own. Musk said the Cybertruck's body is made of a stainless steel alloy developed by Tesla. When Musk unveiled the truck four years ago, he said production would start in 2021. On its website, Tesla said the a rear-wheel-drive version of the truck would start at an estimated $60,990. When the truck was unveiled in 2019, Tesla said the base version would start at $39,900, with a tri-motor, long-range model costing $69,900.

Persons: Tesla, Elon Musk, “, Musk, Rivian, GM's Chevrolet, Stellantis Ram, ”, it's, ” Tesla Organizations: DETROIT, U.S, Ford, General Motors, Detroit automakers, GM, GM's Chevrolet Silverado, Detroit, Tesla, Porsche, Ford Super Duty Locations: Austin , Texas

☆ Ford reinstates 2023 guidance, says UAW deal to cost $8.8 billion over life of the contract
▼ + stars: | 2023-11-30 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

The guidance calls for $10 billion to $10.5 billion in adjusted earnings before interest and taxes, or EBIT, and adjusted free cash flow of between $5 billion and $5.5 billion. That compares to its previously announced guidance of adjusted-EBIT of between $11 billion and $12 billion and adjusted free cash flow of $6.5 billion to $7 billion. Ford said the new UAW labor agreement is expected to cost $8.8 billion over the life of the contract, which expires in April 2028. Ford further confirmed on Thursday that the UAW deal is expected to add about $900 in costs per assembled vehicle by 2028. GM's forecast called for net income attributable to stockholders of $9.1 billion to $9.7 billion; adjusted EBIT of $11.7 billion to $12.7 billion; and adjusted earnings per share of roughly $7.20 to $7.70.

Persons: Ford, John Lawler, Lawler, We've Organizations: United Auto Workers, UAW, Crosstown, General Motors, Barclays, GM, Chrysler, U.S

☆ Ford takes $1.7 billion profit hit from UAW strike
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

The automaker now expects adjusted earnings before interest and taxes (EBIT) of $10 billion to $10.5 billion for 2023. In July, it forecast adjusted EBIT of $11 billion to $12 billion. Ford said the new outlook included $1.6 billion in lost profits in the fourth quarter due to interruptions in production of high-margin trucks and SUVs. A month into the strikes, Ford said the company was "at the limit" of what it could spend on higher wages and benefits. The deal UAW leaders finally approved included a pay hike of at least 30% for full-time workers and more than double pay for others.

Persons: David, Dee, Delgado, Ford, Shawn Fain, walkouts, Bill Ford, Tesla, Nathan Gomes, Anil D'Silva Organizations: New York, REUTERS, Ford, GM, UAW, Canadian, Chrysler, EV, Thomson Locations: Manhattan , New York City, U.S, United States, Michigan, Bengaluru

[1/3] Tesla's new Cybertruck is shown on display at a Tesla store in San Diego, California, U.S., November 20, 2023. Cybertruck, Tesla's first new model in nearly four years, is critical to its reputation as a maker of innovative vehicles. "We dug our own grave with Cybertruck," Musk said last month, warning that it would take a year to 18 months to make the vehicle a significant cash flow contributor. The billionaire has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025. Tesla has faced "enormous challenges in reaching volume production" with the Cybertruck because of its new technology and design, Musk said.

Persons: Mike Blake, Elon Musk, Tesla's, Musk, Tesla, Eric Noble, Rivian, R1T, Rivian's R1T, Ford's, Seth Goldstein, Paul Waatti, Akash Sriram, Hyunjoo Jin, Sayantani Ghosh, Bill Berkrot Organizations: REUTERS, New York Times, Dodge, Ford, General Motors, Hummer, Morningstar, Thomson Locations: San Diego , California, U.S, Bengaluru, Hyunjoo, San Francisco

☆ Look of the Week: Timothée Chalamet wears shirtless suit at ‘Wonka’ premiere
▼ + stars: | 2023-11-29 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

“I don’t know what the hell I was doing wearing this.”But Chalamet has long relied on the wow factor of a shirtless suit for red carpet engagements. Chalamet's magenta velvet suit was from Tom Ford's latest collection. Jean-Paul Gaultier's "Pin Up Boys" from the 1996 season were early examples of the shirtless suit on the runway. In Gaultier’s infamous Spring-Summer 1996 collection, titled “Pin-Up Boys,” the shirtless suit was gauche, cheesy and even funny. For Chalamet, shirtlessness is fast becoming a state of mind.

Persons: CNN —, Wonka, Tom Ford’s, “, ”, Chalamet, Louis, Timothée Chalamet, Luca, Haider Ackerman, Tom Ford's, Jeff Spicer, photocall, Hugh Grant, Rowan Aktinson, Olivia Coleman, Alexander McQueen pinstripe, Lil Nas, Jonah Hill, Donald Glover, Jay, Harry Styles, Dior, Van Noten, Thom Browne, Paul Smith, Zegna, Porter, Jean, Paul Gaultier's, Jean Paul Gaultier, Vivienne Westwood, Raf Simons Organizations: CNN, Venice Film Locations: Venice, London

☆ Soccer set to trial sin bins for dissent and ‘tactical offences’
▼ + stars: | 2023-11-29 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Soccer is set to trial sin bins at the higher levels of the game in a bid to improve player behavior towards match officials – a move that has drawn a mixed response. The International Football Association Board (IFAB), the sport’s lawmaking body, announced on Monday that sin bins should be trialed “for dissent and specific tactical offences” having been successfully implemented at a grassroots level. Richard Heathcote/Getty ImagesBut not everyone is in favor of sin bins. “Considering football can’t decide what is clear and obvious from one week to the next, sin bins and the threshold for being banished to one have no chance,” CNN Senior Sports Analyst Darren Lewis wrote on X. He continued: “The success of sin bins in the grassroots game has been prevention, rather than cure.

Persons: –, bin, “, Pierluigi Collina, Jamie Carragher, “ I’ve, William Troost, Richard Heathcote, John Terry, ” Terry, ”, Darren Lewis, Mark Bullingham Organizations: CNN — Soccer, International Football Association Board, Liverpool, Sky Sports, Premier League, Chelsea, ” CNN, English Football Association, “ Locations: London, England

☆ 2023 was the auto industry's year of EV investment, but consumers still prefer hybrids
▼ + stars: | 2023-11-28 | by ( Brian Evans | ) www.cnbc.com time to read: +7 min

Hybrid vehicle market share has picked up pace in 2023 despite all the investment pouring into EVs. From October 2022 to October of this year, total vehicle market share for hybrids grew from 6.5% to 11.4%, according to data from Edmunds. Over the same time period, EV market share growth was more sluggish, expanding from 6% to 7.5%. Toyota 's 2024 Prius, often called the "gold standard" in hybrid vehicles, was named MotorTrend's car of the year. The uptick in hybrid sales won't likely spell doom and gloom for the EV market over the long-term.

Persons: Stephanie Valdez Streaty, Valdez Streaty, Edmunds, Goldman Sachs, Tesla, Mark Delaney, David Christ, Honda, Michelle Krebs, Sienna, Krebbs, Ford, Dan Levy, Levy, EVs, headwinds, BEV, Tom Narayan Organizations: Cox Automotive, Ford, General Motors, Wall, Toyota, ICE, EV, Toyota Motor's, Wall Street, Los Angeles Auto, FactSet, Tesla, Barclays, GM, Biden, U.S, BMO Capital Locations: Edmunds, U.S

☆ Putin says Russia will develop new AI technology to counter the Western monopoly, which he fears could lead to a 'digital abolition' of Russian culture
▼ + stars: | 2023-11-25 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

He announced plans for a new national strategy for AI development to counter the West. The United Kingdom has eight. Similarly, close to 300 authors of these systems come from the United States. Another 140 are from the United Kingdom. Geoffrey Hinton, the British-Canadian AI researcher named a "godfather of AI," for instance, has said he's worried about "bad actors" like Putin using the AI tools he's creating .

Persons: Putin, —, Vladimir Putin, they're, Geoffrey Hinton Organizations: Russia, Service, Artificial Intelligence, supercomputing, Stanford's Institute for, Intelligence Locations: Moscow, Russia, United States, United Kingdom, States, British, Canadian

☆ How to be likable during your company holiday party or family dinner, according to a Stanford lecturer
▼ + stars: | 2023-11-22 | by ( Jenna Gyimesi | ) www.businessinsider.com time to read: +6 min

The most common mistake across all communication is people don't consider who they're talking to or the context in which they're speaking. It signals you're going one way; the other person's going to go the other. Consider who you're talking to and whenPeople just want to get information out. Often, people don't consider who they're talking to or the context they're in. Before telling your story, ask what's the main motivation in telling this story and what's most relevant to the person you're talking to.

Persons: Matt Abrahams, Abrahams, —, Stanford, I'm, Rachel Greenwald, that's Organizations: Stanford's Graduate School of Business, Service

Ford said it would restart construction of the factory near Marshall, Michigan, after being paused two months ago. Ford is pushing for the U.S. Treasury Department to approve lithium-iron, or LFP, batteries made at the Michigan factory to qualify for Inflation Reduction Act EV subsidies. Ford now plans to cut the Michigan battery plant's capacity to 20 gigawatt hours and reduce hiring to 1,700 jobs. Ford said in October that it would cut future electric vehicle investments overall by $12 billion compared to previous plans. The company has previously postponed construction of a battery factory in Kentucky and another in Turkey.

Persons: Ford, CATL, Mark Truby, Truby, Joe White, Anil D'Silva Organizations: DETROIT, CATL, United Auto Workers, U.S . Treasury Department, Ford, Blue, Battery Park Michigan, Michigan, Thomson Locations: Michigan, U.S, Marshall , Michigan, Kentucky, Turkey

☆ Ford to scale back plans for $3.5 billion Michigan battery plant as EV demand disappoints, labor costs rise
▼ + stars: | 2023-11-21 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds 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 is scaling back plans for a $3.5 billion battery plant in Michigan as consumers move to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs. Ford executives including CEO Jim Farley and Chair Bill Ford initially announced the facility in February. Reductions at the Marshall, Michigan plant are part of Ford's plans announced last month to cut or delay about $12 billion in previously announced EV investments. The company will also postpone construction of another electric vehicle battery plant in Kentucky.

Persons: Jim Farley, Bill Ford, Ford, Mark Truby Organizations: Ford Motor Company, Technology, Ford, Amperex Technology, U.S, Marshall Locations: China, Marshall , Michigan, Romulus , Michigan, DETROIT, Michigan, EVs, Kentucky

☆ A former venture capitalist known as Silicon Valley's 'party animal' has been convicted in a $19 million fraud case
▼ + stars: | 2023-11-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Michael Rothenberg became known for his rapid rise to success with his VC firm, Rothenberg Ventures. But this week he became yet another Silicon Valley star to be convicted of fraud. AdvertisementA once high-flying Silicon Valley venture capitalist, whose partying lifestyle inspired an HBO show, has been convicted of committing fraud amounting to $18.8 million. Rothenberg first rose to prominence in 2013 after raising $5 million for his venture capital management fund, Rothenberg Ventures, aged just 27. But in 2016, Rothenberg Ventures collapsed after admitting to investors it was being investigated by the Securities and Exchange Commission (SEC).

Persons: Michael Rothenberg, Rothenberg, —, Chace Crawford's, Vox Organizations: Rothenberg Ventures, Service, HBO, US, Office, Northern, Northern District of California, Bloomberg, Rothenbergs Ventures, Golden State Warriors, San Francisco Giants, Golden Globes, TechCrunch, Rothenberg's, T, Securities and Exchange Commission, SEC, Wired, River Studios, Coldplay, Valley Bank Locations: Silicon, California, Northern District, Napa Valley, Hollywood, San Francisco

☆ Cramer's Lightning Round: Ford is a 'wait and see situation'
▼ + stars: | 2023-11-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon BILL's year-to-date stock performance. Stock Chart Icon Stock chart icon Ford's year-to-date stock performance. Stock Chart Icon Stock chart icon Grab's year-to-date stock performance. Stock Chart Icon Stock chart icon CleanSpark's year-to-date stock performance. Stock Chart Icon Stock chart icon Ready Capital's year-to-date stock performance.

Persons: I'm, what's Organizations: Sports, Academy Sports, Intel

☆ Rivian is the real winner in Elon Musk's latest drama
▼ + stars: | 2023-11-21 | by ( Nora Naughton | Grace Kay | ) www.businessinsider.com time to read: +5 min

Some Tesla owners said they'd ditch his car company in favor of Rivian as a result. AdvertisementAs Tesla CEO Elon Musk once again courts controversy on his social media platform X, rival EV startup Rivian stands to gain from the fallout. Other angry Tesla owners we spoke with also mentioned considering legacy brands like Ford's Mustang Mach-E or Volkswagen's ID.4. AdvertisementIn response, earlier this year some Tesla owners began putting bumper stickers on their EVs denouncing the CEO . In January, a handful of Tesla owners told Business Insider they'd ditched Tesla over Musk's antics .

Persons: Elon Musk, Tesla, —, Musk, Ross Gerber, Robert Kuhn, Kuhn, I've, Rivian, Joe Biden, they'd, Dan Ives, Ives, – Organizations: Rivian, Service, EV, Business, Tesla, Bloomberg, Twitter

Political Cartoons View All 1256 Images“I know that late in the game, fourth quarter, we're within a score, I want the ball," he added. Stafford looked sharp on a series of impressive late throws, none better than a picturesque 32-yard fling to rookie Puka Nacua. The Seahawks ultimately couldn’t stop the Rams' ground game in the fourth led by Royce Freeman, who rushed for 73 yards. Metcalf caught a TD pass in the first quarter for Seattle, which also committed 12 penalties for a whopping 130 yards. “This was the most disappointing loss for us because of the way we did it," Seahawks coach Pete Carroll said.

Persons: — Matthew Stafford, Stafford, —, Lucas Havrisik, Jason Myers, Mario Edwards Jr, “, ”, you've, Geno Smith, Myers, Smith, Aaron Donald, Darrell Henderson, Derion Kendrick, Drew Lock’s, Puka Nacua, Sean McVay, Kendrick, ‘, ” Smith, DK Metcalf, Nacua, Royce Freeman, Metcalf, Pete Carroll, I’m, Jamal Adams, Jerrick Reed, RB Kenneth Walker III, Zach Charbonnet, WR Cooper Kupp didn’t, McVay, Cobie Durant, ___ Organizations: Los Angeles Rams, Rams, Super, Seahawks, Seattle, SoFi, 49ers, Los Angeles, RB, Super Bowl, UP NEXT, Thursday Locations: INGLEWOOD, Calif, Los Angeles, Los, Myers, Francisco, Arizona

Workers at Ford voted 69.3% in favor of the pact, which passed with nearly a 15,000-vote margin in balloting that ended early Saturday. Earlier this week, GM workers narrowly approved a similar contract. They also agreed in principle to bring new electric-vehicle battery plants into the national union contract. This provision will give the UAW an opportunity to unionize the EV battery plants plants, which will represent a rising share of industry jobs in the years ahead. Contracts with the auto companies should also lead to higher wages at auto-parts supply companies and in other industries, Wheaton said.

Persons: Shawn Fain, Fain, ”, Wheaton, United States —, Hyundai —, Mark McGill, ” McGill, he'll, Ford, John Lawler, Michelle Krebs, Krebs, Joe Biden, Cornell's Wheaton, Biden, didn't Organizations: DETROIT, United Auto Workers, Ford, General Motors, Workers, UAW, Cornell University, United States — Honda, Toyota, Hyundai, Tesla, Foreign, GM, Chrysler, Bronco, Cox Automotive, Cox Locations: Stellantis, United States, Wheaton, Wayne , Michigan, U.S, Detroit, Belvidere , Illinois, Scranton , Pennsylvania

☆ Who's on the OpenAI board — the group behind Sam Altman's ouster
▼ + stars: | 2023-11-18 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

On Friday, the board of OpenAI, the buzzy AI company behind viral chatbot ChatGPT, suddenly and publicly ousted its CEO Sam Altman. OpenAI's board said it conducted "a deliberative review process" and that Altman "was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities." She is an adjunct senior management scientist at Rand Corporation and has been on the OpenAI board since 2018. "While our partnership with Microsoft includes a multibillion-dollar investment, OpenAI remains an entirely independent company governed by the OpenAI Nonprofit," OpenAI has publicly stated. On that day, Altman told Nadella, "I think we have the best partnership in tech and I'm excited for us to build AGI together."

Persons: Sam Altman, Altman, OpenAI, Greg Brockman, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, Reid Hoffman, Neuralink, Zilis, Will Hurd, Brockman, Sam, Sutskever, he's, D'Angelo, McCauley, Toner, Andreessen Horowitz, AGI, weren't, Mira Murati, OpenAI's Dev, Satya Nadella, Nadella, Dev, Brad Lightcap Organizations: Thursday's APEC, Summit, Google, Facebook, OpenAI, GeoSim Systems, Rand Corporation, University of Oxford's Center, Georgetown's Center for Security, Emerging Technology, Sequoia Capital, Microsoft, CNBC, Fortune Locations: Texas, OpenAI

☆ Ford production workers at Kentucky, Louisville vote against new labor deal
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

FILE PHOTO: A United Auto Workers (UAW) union member wears a pin while picketing outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. REUTERS/Luke Sharrett/File Photo/File Photo Acquire Licensing RightsNov 13 (Reuters) - Production workers at Ford's (F.N) Louisville assembly and Kentucky truck plants have voted against the tentative labor agreement, while skilled trades workers voted in favor, the local chapter of the United Auto Workers (UAW) said on Monday. Union workers are voting on contracts from each of Chrysler-owner Stellantis (STLAM.MI), GM (GM.N) and Ford, after the first coordinated strike against Detroit's Big Three automakers. Of the total votes cast at Ford's various facilities so far, 70.7% of workers have voted in favor of the deal, according to a UAW vote tracker. Workers at some of the company's major plants including the Dearborn Truck plant in Michigan are yet to vote.

Persons: Luke Sharrett, Stellantis, Gokul Pisharody, Dhanya Ann Thoppil, Arun Koyyur Organizations: United Auto Workers, UAW, REUTERS, UAW . Union, Chrysler, GM, Ford, Detroit's Big, Workers, Dearborn, General Motors, U.S ., Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, Ford's, F.N, Louisville, Kentucky, Michigan, Flint, Bengaluru

☆ Ford's production workers at Kentucky, Louisville vote against new labor deal
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO: A United Auto Workers (UAW) union member wears a pin while picketing outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. REUTERS/Luke Sharrett/File Photo/File Photo Acquire Licensing RightsNov 13 (Reuters) - The United Auto Workers (UAW) production workers at Ford's (F.N) Louisville assembly and Kentucky truck plants have voted against a proposed four-and-a-half year contract, while the skilled trades workers voted in favor of the deal, the union's local unit said on Facebook. The UAW Local 862 union said that 55% of the production workers voted against ratifying the contract. However, 69% of the skilled trades workers cast votes in favor of the contract. The union did not disclose the overall percentage of the votes in favor of the deal, or the total number of votes cast.

Persons: Luke Sharrett, Ford, Stellantis, Gokul, Dhanya Ann Thoppil Organizations: United Auto Workers, UAW, REUTERS, Facebook, UAW Local, Chrysler, GM, Ford, Detroit's Big, General Motors, U.S ., Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, Ford's, F.N, Louisville, Kentucky, Flint, Michigan, Bengaluru

☆ Ford offers the latest twist in the truck tailgate wars. Here's a look at 100 years of Ford tailgates.
▼ + stars: | 2023-11-13 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

The new Ford Pro Access tailgate is the latest in 100 years of Ford tailgates. AdvertisementAdvertisementFord's latest take on the pickup truck tailgate is hitting dealer lots on the 2024 Ford F-150. The refreshed F-150 can be equipped with the new Pro Access Tailgate, which has several new configurations. In addition to dropping open like a typical truck tailgate, the Pro Access Tailgate can swing out like a door to provide easier access to the bed. AdvertisementAdvertisementTake a look at the evolution of the Ford tailgate here:

Persons: Ford tailgates, Ford, —, Ram, It's Organizations: Ford, Chevrolet, Service

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