UAW workers are poised to get a wage increase and not face a concessionary contract in what is proving to be a historic negotiation between the union and General Motors, Stellantis and Ford Motor, according to sources familiar with the talks. GM is expected to offer a wage increase for its 50,000 hourly workers in… Continue reading Wage increases might prove to be easy win for UAW in automaker contract talks
Tag: Financial Results
@Ford: Ford Pro, Ford Blue Drive Solid Second-Quarter Results; Company Raises Expectations for Full-Year 2023 Profitability
Revenue increases 12% year-over-year to $45 billion; net income ($1.9 billion) and adjusted EBIT ($3.8 billion) also higher; cash and liquidity persistently strong Appeal of Ford Pro to commercial customers produces 22% revenue growth; EBIT more than doubles to $2.4 billion, a 15% margin; software, repair services sales up Ford Blue gas and hybrid business… Continue reading @Ford: Ford Pro, Ford Blue Drive Solid Second-Quarter Results; Company Raises Expectations for Full-Year 2023 Profitability
@Ford: Ford Pro, Ford Blue Drive Solid Second-Quarter Results; Company Raises Expectations for Full-Year 2023 Profitability
DEARBORN, Mich.–(BUSINESS WIRE)–Ford Motor Company (NYSE:F) today reported its 2023 second quarter financial results. Click here or visit media.ford.com to view the news release. Visit shareholder.ford.com for the slide presentation and access the webcast to the Ford earnings call, which begins at 5:00 p.m. ET. The call will feature Jim Farley, president and CEO; John… Continue reading @Ford: Ford Pro, Ford Blue Drive Solid Second-Quarter Results; Company Raises Expectations for Full-Year 2023 Profitability
@Ford: Ford Pro, Ford Blue Drive Solid Second-Quarter Results; Company Raises Expectations for Full-Year 2023 Profitability
Revenue increases 12% year-over-year to $45 billion; net income ($1.9 billion) and adjusted EBIT ($3.8 billion) also higher; cash and liquidity persistently strong Appeal of Ford Pro to commercial customers produces 22% revenue growth; EBIT more than doubles to $2.4 billion, a 15% margin; software, repair services sales up Ford Blue gas and hybrid business… Continue reading @Ford: Ford Pro, Ford Blue Drive Solid Second-Quarter Results; Company Raises Expectations for Full-Year 2023 Profitability
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July 27 (Reuters) – Reels, Meta Platforms’ (META.O) answer to viral short-form video app TikTok, elicited eyerolls when it launched in 2020 and was regarded as yet another example of Meta copying a popular rival. But on Wednesday, Meta revealed numbers that show Reels videos are growing rapidly among both users and advertisers and are… Continue reading Untitled
Ford’s Profit Jumped in Second Quarter
Ford Motor earned $1.9 billion from April to June, up from $667 million a year earlier, the company said on Thursday. Robust sales of gasoline-powered trucks and sport-utility vehicles more than offset a substantial loss on electric models. The automaker reported revenue of $45 billion, up 12 percent from a year earlier, and said it… Continue reading Ford’s Profit Jumped in Second Quarter
United Auto Workers Open Contract Talks in Detroit
The three Detroit automakers and the United Auto Workers union have begun negotiating a new labor contract in what could become the most contentious talks between the two sides in perhaps half a century. The discussions, which formally started on Thursday, come as General Motors, Ford Motor and Stellantis have posted a long streak of… Continue reading United Auto Workers Open Contract Talks in Detroit
Silverstone, a Storied F1 Track, Wants to Continue Its Tale
Silverstone, host of the British Grand Prix this weekend, is very popular with the people who matter most in Formula 1: the drivers. The 3.7-mile course built around a former Royal Air Force base features many high-speed corners, which provide the thrill that those behind the wheel seek. “It has the best layout,” Lewis Hamilton, the… Continue reading Silverstone, a Storied F1 Track, Wants to Continue Its Tale
Why Car Repairs Have Become So Expensive
New cars and trucks are packed with sensors and technology that protect and pamper drivers and passengers. But those features are also raising the cost of repairs after accidents. The average cost of making damaged cars good as new has soared 36 percent since 2018, and may top $5,000 by the end of this year,… Continue reading Why Car Repairs Have Become So Expensive
Tesla’s Second Quarter Sales and Deliveries Rise as Tax Credits Fuel Demand
Tesla sales rose a better-than-expected 10 percent in the second quarter as the company led by Elon Musk benefited from government incentives and price cuts that made its electric cars less expensive than comparable gasoline models. Tesla delivered 466,000 vehicles from April through June, up from 423,000 vehicles in the previous quarter, the company said… Continue reading Tesla’s Second Quarter Sales and Deliveries Rise as Tax Credits Fuel Demand