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Ford Expanding F-Series Truck Production As Electric Vehicle Demand Slows
Forbes· 2024-07-18 23:11
ToplineFord will invest about $3 billion to expand production of its F-Series trucks, manufacturing some of the vehicles at a Canadian plant previously reserved for electric vehicle production, the company announced Thursday, as Ford and other automakers react to a slowed electric vehicle market.The automaker estimated losses of up to $5.5 billion from its eclectic vehicle business this year. AFP via Getty Images Key FactsThe investment includes $2.3 billion to expand production for F-Series Super Duty truc ...
Steelworkers' union calls for urgent meeting with Doug Ford to save Terrace Bay's largest employer
GlobeNewswire News Room· 2024-07-18 22:48
文章核心观点 - 加拿大安大略省联合钢铁工人工会(USW)呼吁紧急会见福特省长,以加大努力重新开放AV Terrace Bay 纸浆厂[1][3][4] - 这家纸浆厂是特雷斯湾(Terrace Bay)及周边地区最大的雇主,但在6个月前被关闭[2] - 工会要求政府采取行动,帮助重启这家纸浆厂,让400名员工重新就业,给当地社区带来希望[4][9][10] 行业概况 - 这家纸浆厂在关闭前生产高级纸浆,用于制造纸巾、卫生纸等产品[12] - 联合钢铁工人工会是加拿大最大的私营部门工会,在加拿大、美国和加勒比地区拥有85万名会员[12][13] 公司概况 - 这家纸浆厂由印度阿迪蒂亚·柏利(Aditya Birla)集团拥有[2] - 纸浆厂关闭导致特雷斯湾、施赖伯(Schreiber)和帕斯普拉特第一民族(Pays Plat First Nation)等北部安大略省社区受到负面连锁影响[5][6]
Should Value Investors Buy Ford Motor (F) Stock?
ZACKS· 2024-07-18 22:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are underva ...
Ford investing $3B in F-Series Super Duty truck expansion to meet demand
Fox Business· 2024-07-18 20:32
Ford Motor Co. is investing $3 billion to expand production capacity for one of its most popular and profitable vehicles.  The company announced on Thursday that it's adding its third North American assembly plant for its F-Series Super Duty trucks, its heavy-duty line of pickups. The plan will initially add capacity for 100,000 vehicles, Ford said.The plant, located at Oakville Assembly Complex in Ontario, Canada, is an effort by the company to maximize its manufacturing footprint and expand its Ford Pro c ...
Ford to spend $3 billion to expand large truck production to a plant previously set for EVs
CNBC· 2024-07-18 20:00
DETROIT – Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub.The new plans include investing about $3 billion to expand Super Duty production, including $2.3 billion at Ford's Oakville Assembly Complex in Ontario, Canada, Ford said Thursday. The remaining investment will be used to increase production at supporting facilities in the U.S. and Canada, the company said.Ford currently produces Super Duty t ...
Should Ford Go Even Slower on EVs? This Analyst Thinks So.
The Motley Fool· 2024-07-18 19:30
Is it time to give up on China, focus on trucks and SUVs, and wait until the third generation of EVs hits the road?Ford Motor Company (F 0.62%) sold nearly 450,000 internal combustion engine vehicles during the first quarter compared to a much more modest 59,000 electric vehicles (EVs) and hybrids.Despite those figures heavily favoring combustion engine sales, the automaker actually lost more money on its Model e division than it made with its Ford Blue traditional combustion engine business. That's leading ...
1 Wall Street Analyst Thinks Ford Stock Is Going to $17. Is It a Buy?
The Motley Fool· 2024-07-18 05:19
Ford stock has risen for five straight days this week, adding to a strong past month.After a slow start to the year, Ford Motor Company (F 0.62%) stock has been charging higher over the last month. Its nearly 24% gain in the past month has boosted the year-to-date return to almost 19%. Yet Ford stock has still gone effectively nowhere over the last one- and three-year periods.But one Wall Street analyst sees its recent gains continuing.Barclays analyst Dan Levy thinks strong demand and stable pricing will l ...
Ford Stock Stages A Comeback On F-150 Strength, EV Lull
Forbes· 2024-07-16 18:00
CHICAGO, ILLINOIS - JUNE 05: Ford Mustang Mach E electric vehicles are offered for sale at a ... [+] dealership on June 05, 2024 in Chicago, Illinois. (Photo by Scott Olson/Getty Images)Getty ImagesFord stock has risen by about 15% year-to-date, compared to fellow U.S. auto giant GM which has gained close to 30% over the same period. A bulk of Ford’s gains have come over the last month or so, with the stock rising by almost 20% over the past month. Although Ford’s earnings for Q2 2024 due in the coming week ...
Automaker's Bold Move to an EV Future: Is It Time to Buy Stock?
MarketBeat· 2024-07-16 00:08
Ford Motor TodayFFord Motor$14.40 +0.37 (+2.64%) 52-Week Range$9.63▼$14.63Dividend Yield4.17%P/E Ratio14.85Price Target$14.10Add to WatchlistFord Motor Company NYSE: F is navigating a significant transformation as the automotive sector transitions from gas power and embraces the electric vehicle (EV) future. This shift has led many investors and Ford Motor’s analyst community to wonder if now is the time to buy Ford Motor stock. This uncertainty is understandable, yet a close examination of Ford's recent pe ...
Ford Rolls Out 0% Financing On F-150 Lightning, Mach-E: Potential EV Sales Surge Ahead?
Benzinga· 2024-07-12 05:13
Loading...Loading...Automotive giant Ford Motor Company F is the latest to launch new financing offers in the growing competitive field of electric vehicles.What Happened: U.S. electric vehicle leader Tesla Inc TSLA launched a 0.99% financing offer on the bestselling Model Y vehicle in May. The move was done as a potential push for second quarter deliveries.Ford could be one-upping Tesla in the U.S. with a new 0% financing offer for leasing the Mach-E and F-150 Lightning electric vehicles.The new promotiona ...