Ford

Despite the challenges in the auto industry, Ford Motor Company (NYSE:F) is poised to shine in 2024 by focusing on profitable hybrids and quality improvement. What Happened: With softening demand for electric vehicles (EVs), Ford’s CEO Jim Farley is steering the company toward more lucrative...

In a recent development, Ford (NYSE:F) has issued a recall involving 112,965 F-150 pickup trucks, citing a risk of the vehicles potentially rolling away. What Happened: As reported by CNN on Wednesday, the recall emanates from a defective rear axel hub bolt. The National Highway Traffic Safety...

Tesla Inc. (NASDAQ:TSLA) has decided to raise the salaries of its hourly workers at Nevada Gigafactory, according to internal sources reported by CNBC. What Happened: Tesla aims to hike the hourly rates for its fixed-rate employees at its manufacturing unit in Sparks, Nevada, with increases ranging...

American multinational automaker Ford Motor Company (NYSE:F) is set to acquire Auto Motive Power (AMP), an energy startup, to enhance its electric vehicle (EV) charging capabilities. According to a TechCrunch report, the deal will result in the dissolution of AMP, with Ford...

Local United Auto Workers (UAW) union leaders gave the green light to a tentative agreement with Ford Motor (NYSE:F). The deal involves $8.1 billion in new plant investments and a $5,000 ratification bonus, among other economic benefits. What Happened: The 4.5-year tentative agreement will now be...

Ford Motor Company (NYSE:F) is hitting pause on its $12 billion electric vehicle (EV) funding, citing the high cost of EVs and customer unwillingness to pay the premium. This delay includes the proposed EV battery factory in Kentucky. Ford’s transition into an EV-dominant company is set...

A recent tentative agreement between Ford Motor Co. (NYSE:F) and the United Automobile Workers (U.A.W.) has sparked discussions on its potential impact on the automaker’s future, particularly its electric vehicle (EV) plans. The financial implications of the deal could be...

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 1.7% on Thursday to 12,595.60. The Dow traded down 0.76% to 32,784.30. The S&P 500 also experienced a decline, dropping 1.18% to 4,137.23. These are the top stocks that gained the attention of retail...

U.S. stocks showcased a downward trend as trading neared its end on Wednesday. The Dow Jones index witnessed a decline of over 100 points, marking a 0.32% drop to 33,035.93. Meanwhile, the NASDAQ took a steeper plunge, falling by 2.43% to 12,821.22. The S&P 500 wasn’t far behind,...

Amid the United Auto Workers strike against Detroit’s Big 3, industry expert Jim Cramer has suggested that Ford Motor Company (NYSE:F) may consider moving additional production to Mexico. Cramer, speaking on “Squawk on the Street,” shared his belief that if the UAW...

Ford Motor Company (NYSE:F) has put a stop to the construction of its proposed electric vehicle (EV) battery plant in Michigan, amidst criticism from the Republicans over its plans to use licensed Chinese battery technology, Politico reported. The company is pausing work and...

In a post on X, formerly Twitter, Sen. Elizabeth Warren (D-Mass.) highlighted the substantial profits of leading automakers, advocating for fairer contracts for United Auto Workers (UAW). What Happened: On Tuesday, Senator Warren tweeted about the immense profits of General Motors Co (NYSE:GM),...

Ford Motor Co. (NYSE:F) has successfully reached a preliminary labor agreement with Unifor, the Canadian labor union, averting a potential second strike within a week, The Wall Street Journal reported. The negotiations with Unifor were proceeding in tandem with talks with the United Auto...

President Joe Biden is facing mounting pressure from Democratic lawmakers to show solidarity with striking auto workers, a move unprecedented for a sitting president, The Washington Post reported. “It would send a very strong message that Democrats stand for working...

As the ongoing strike by United Auto Workers (UAW) enters its fourth day, Ford Motor Company (NYSE:F), with the most UAW members among Detroit’s Big Three automakers, may resort to a lockout, warns CNBC’s Jim Cramer, CNBC reported. Negotiations over a new labor agreement made...