Ford Motor Co
Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging. It won’t be cheap, but Magny doesn’t want to …
Ford splits EVs and legacy autos into separate units
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT – Ford Motor said Wednesday it will reorganize operations to separate its electric and internal-combustion engine businesses into separate units within the automaker. The company expects the …
Ford’s new Maverick hybrid pickup starts at $19,995 and gets 40 mpg
DETROIT – Ford Motor’s new Maverick truck will be the first pickup in America with a standard gas-electric hybrid engine when it goes on sale this fall starting at about $20,000. The company unveiled the compact pickup Tuesday as the smallest vehicle in its highly profitable truck lineup, slotting below the full-size Ford F-150 and …
Live for today or trade tomorrow? Breaking down the heated stock market battle unfolding right now
The stock market in recent months became a fight between the tomorrow trade and the live-for-today bid, and in the last week it turned messy. The stocks valued on promises for a transformed future have been sold hard in favor of those poised to thrive in today’s spring-loaded economic revival. Yet after last week’s jagged …
‘This is a big deal for us’
Ford Motor is carving a unique lane as the automaker goes after the electric vehicle market, newly installed CEO Jim Farley told CNBC’s Jim Cramer Thursday. Earlier that day the company announced a new all-electric van targeting business customers, as part of its $11.5 billion investment in electric vehicles through 2022. “This is a big …
Ford second-quarter sales fall 33.3% due to coronavirus, stay-at-home orders
A Ford Motor employee inspects the all-new 2020 Ford Explorer before it rolls of the line to ensure quality for our customers. Ford Ford Motor reported Thursday that its U.S. vehicle sales in the second quarter were down 33.3%, in-line with industry expectations as the coronavirus caused consumers to stay at home, and dealerships and factories to shutter. …
Amazon buys self-driving technology company Zoox
Amazon has just taken its boldest step yet into self-driving vehicles, acquiring six-year-old start-up Zoox, the company announced Friday. Amazon said the deal will help bring Zoox’s “vision of autonomous ride-hailing to reality.” Zoox will continue to operate as a standalone business within Amazon, with CEO Aicha Evans and Jesse Levinson, the company’s co-founder and CTO, …
New Ford F-150 to feature integrated generator, over-the-air updates
The 2019 Ford F-150 Limited pickup Mack Hogan | CNBC The importance of a new F-150 pickup to Ford Motor has never been greater. The automaker needs its highly profitable flagship product to drive a global restructuring plan and pay off debt related to the coronavirus pandemic. It also needs to convince Wall Street that …
Apple, Google release contact tracing technology
The Federal Reserve is concerned that a second wave of infections around year’s end will result in another round of social distancing and further damage to the economy, while the WHO made clear Wednesday that the pandemic is far from over after countries around the world collectively reported the largest daily increase in coronavirus cases so …
General Motors (GM) earnings Q1 2020
General Motors eked out a $294 million profit for the first quarter despite the fallout from the coronavirus pandemic that’s shuttered factories and devastated sales. The Covid-10 outbreak cut deeply into GM’s performance, costing the largest U.S. automaker $1.4 billion on a pretax basis during the first three months of the year. Of the top U.S.-based automakers, GM …
