Ford Motor Co
Automakers report earnings this week. GM is set to be the standout
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Wall Street expects General Motors to be the standout among the traditional Detroit automakers when they report second-quarter results this week, with sales and vehicle prices stable during the first half of the year for America’s […]
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Earnings playbook: Your guide to a busy week of earnings, including Alphabet and Tesla
Wall Street will get its first glimpse of Big Tech earnings this week. Google-parent Alphabet and Tesla are among the more than 100 S & P 500 companies slated to report. Results from Ford Motor, IBM and General Motors are also on deck. The reporting period is off to a solid start. About 14% of […]
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CNBC Daily Open: Dow drops, Netflix beats estimates, Nvidia rebounds
Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 31, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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Ford to spend $3 billion to expand large truck production to a plant previously set for EVs
2023 Ford Super Duty F-350 Limited Ford 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 […]
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The five secrets to Ferrari’s success as a luxury brand
In the world of luxury, Hermès is arguably the gold standard. Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a Birkin 25 for about $11,000 and flip it the same day for more than $23,000. […]
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Ford sales edge 1% higher in the second quarter, led by trucks
Ford Mustang Mach E electric vehicles are offered for sale at a dealership on June 05, 2024 in Chicago, Illinois. Scott Olson | Getty Images Ford sales rose 1% during the second quarter over the year-earlier period, led by a 5% gain in truck sales, the automaker said Wednesday. Ford truck sales, which includes pickups […]
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An alphabet soup of ‘electrified’ vehicles awaits new car buyers as EV sales stall
GM launched ‘EV Live,’ a free online platform that connects electric vehicle owners or consumers who have questions about zero-emissions cars and trucks with an expert who can answer them. Courtesy: GM DETROIT — Purchasing a vehicle has never been that easy. But shoppers entering traditional dealer showrooms for the foreseeable future may have a […]
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Ford CEO says a profitable $30,000 EV is coming in two and a half years
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023. Nathan Howard | Getty Images Ford Motor expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and a half years, CEO Jim Farley said Friday during the Aspen Ideas Festival. Farley did […]
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Vietnam’s VinFast seems to little EV, priced at a lot less than $10,000, to alter its fortunes
The Vinfast VF6 all-electric car is on show at the 2022 Los Angeles Vehicle Show on Nov. 18, 2022 in Los Angeles, California. Josh Lefkowitz | Getty Photos Information | Getty Illustrations or photos Vietnamese automaker VinFast, for a small time the third-most precious automobile enterprise in the earth, has a significant problem: It just […]
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Rivian shares soar 30% right after Volkswagen can take $1 billion stake
Workers assemble 2nd-generation R1 motor vehicles at electric powered automobile maker Rivian’s production facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Volkswagen programs to spend up to $5 billion in electric powered automobile startup Rivian, setting up with an first investment of $1 billion. The added $4 billion is anticipated […]
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