About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification; mobility solutions,… Continue reading @Ford: Ford Records Better-Than-Anticipated Q2 Operating Results As Company Manages for Both Coronavirus and Long Term
Tag: Ford
Ford posts profit, but expects full-year 2020 loss
(Reuters) – Ford Motor Co (F.N) on Thursday said it expects a full-year loss but added it should have ample cash on hand throughout the rest of 2020, even if global demand falls further or the COVID-19 pandemic forces more shutdowns of vehicle assembly plants. FILE PHOTO: The Ford logo is seen at the North… Continue reading Ford posts profit, but expects full-year 2020 loss
Ford lost $1.9 billion in second quarter, but that’s far better than expected
Dearborn — Ford Motor Co. took a $1.9 billion hit to its pretax earnings for the second quarter during the second quarter — but that’s far better than $5 billion the automaker had warned it might lose. Ford said it burned through $5.3 billion in the second quarter amid the coronavirus pandemic that kept plants closed. The Blue Oval’s… Continue reading Ford lost $1.9 billion in second quarter, but that’s far better than expected
Howes: GM demonstrates resilience amid COVID-19 pandemic, but shares slip
That could have been worse. After missing eight of 13 second-quarter weeks of North American production because of the coronavirus shutdown, General Motors Co. posted a loss of less than $800 million for the three-month period, rescinded most of its salary cuts and signaled that the second half of the year could prove surprisingly resilient.… Continue reading Howes: GM demonstrates resilience amid COVID-19 pandemic, but shares slip
Li Auto IPO: Blazing a Different Trail
As Li Auto’s first investor, what I saw was the practicality of Li Auto’s product strategy. From Day 0, Li Auto made a bold decision to focus on extended-range electric vehicles (EREVs) rather than pure electric models, which was the common strategy adopted by peers. Pure battery electric vehicles face structural challenges currently with limited… Continue reading Li Auto IPO: Blazing a Different Trail
GMC teases its 1,000HP electric Hummer truck and SUV
Just as LeBron James is getting ready to take the court again for NBA games in Orlando, GMC has released a new advertisement featuring the basketball star teasing its upcoming EV. The video reveals both truck and SUV versions of the Hummer, which has previously promised a “quiet revolution” with 1,000 HP, 11,500lb/ft of torque… Continue reading GMC teases its 1,000HP electric Hummer truck and SUV
Press Releases – COVID: Stakes are high for European automotive recovery, new facts and figures show
Brussels, 30 July 2020 – The European Automobile Manufacturers’ Association (ACEA) has published its annual Pocket Guide that provides an overview of the EU auto industry, including the latest sector-specific data on employment, vehicle production and sales, road safety, R&D, the environment and trade flows. New data in this flagship publication confirm that the automobile… Continue reading Press Releases – COVID: Stakes are high for European automotive recovery, new facts and figures show
Volkswagen CEO says Tesla’s meteoric rise proves the most valuable company in the world will be in mobility (TSLA, VW)
Volkswagen’s CEO is an outspoken fan of its competitor Tesla. Herbert Diess said Tesla’s second-quarter results last week were proof that mobility will be one of the most important industries of the future. His comments come as Tesla’s CEO Elon Musk once again toys with the idea of partnerships with competitors, even though past deals… Continue reading Volkswagen CEO says Tesla’s meteoric rise proves the most valuable company in the world will be in mobility (TSLA, VW)
GM to increase production at Fort Wayne truck plant
Detroit — General Motors Co. is increasing production at its Fort Wayne, Indiana, assembly plant in September to meet consumer demand for its pickups, according to a plant communication from Gary Duff, plant executive director. In the July 28-dated communication obtained by The Detroit News, Duff wrote that the plant would increase daily production levels of… Continue reading GM to increase production at Fort Wayne truck plant
Elon Musk says Tesla is open to licensing Autopilot, supplying powertrains and batteries to other automakers
Tesla CEO Elon Musk noted on Twitter on Tuesday night that the automaker would be “open to licensing software and supplying powertrains & batteries” to other automakers. Musk added that that would even include Autopilot, the advanced driver assistance software that Tesla offers to provide intelligent cruise control in a number of different driving scenarios.… Continue reading Elon Musk says Tesla is open to licensing Autopilot, supplying powertrains and batteries to other automakers