Ford Motor Co
What to count on for Tesla’s Supercharger community now that the group is dismantled
The long run of Tesla Supercharging is unsure following CEO Elon Musk’s disbanding of the Supercharging group as part of a broader restructuring. The around 500 layoffs included senior director of EV charging Rebecca Tinucci and Daniel Ho, director of automobile programs. Musk’s abrupt choice has elevated issues about the long run of Tesla’s EV […]
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How American carmakers misplaced ground in China
American automakers and their non-Chinese counterparts are battling an existential battle, as neighborhood rivals in China outpace them. Chinese companies flush with federal government investments and subsidies have leapfrogged the level of competition in electric car engineering and software program. U.S. automaker profits have fallen dramatically due to the fact their peak a several years […]
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Ford names ex-Lucid Motors exec as next CFO, promotes current chief
Ford’s Chief Financial Officer John Lawler and Linda Zhang, chief engineer for the company’s All Electric F-150 Lightning, participate in the opening bell ceremony at the New York Stock Exchange, April 28, 2022. Brendan Mcdermid | Reuters Ford Motor on Friday named the former chief financial officer of electric-vehicle startup Lucid to replace its current […]
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Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street
R1T trucks on the assembly line at the Rivian electric vehicle plant in Normal on April 11, 2022. Brian Cassella | Tribune News Service | Getty Images Once-hot electric vehicle startups — years ago fueled by low interest rates, free cash and Wall Street bullishness — are now scrambling to prove they can survive in […]
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To train car dealers on EVs and other topics, Ford turns to gamification and AI-powered education
Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DEARBORN, Mich. — Ford Motor is launching a new training program for more than 3,000 U.S. franchised dealers on Wednesday that uses artificial intelligence for employee coaching evaluations and emulates Netflix and YouTube interfaces more than the automaker’s traditional […]
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Tesla shares fall approximately 6% immediately after Musk cuts about 500 employment in Supercharger team
Tesla Supercharger stations around a Circle K gas station in Austin, Texas, on April 23, 2024. Brandon Bell | Getty Illustrations or photos Tesla shares fell nearly 6% on Tuesday pursuing news that CEO Elon Musk was urgent in advance with more task cuts at Tesla, impacting an believed 500 staff members in its Supercharger […]
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S&P 500 closes very little modified as higher bond yields dampen earnings enthusiasm
Traders work on the flooring during morning investing at the New York Stock Trade on Jan. 31, 2024. Angela Weiss | AFP | Getty Visuals The S&P 500 shut near its flatline Wednesday as desire charge fears dampened the enthusiasm stemming from a solid slate of corporate earnings. The S&P 500 eked out a .02% […]
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Stocks making the most important moves just after hrs: Meta, IBM, Chipotle, ServiceNow and more
Check out the businesses making headlines right after the bell : Align Engineering — The orthodontics technological innovation firm included 3.6% just after beating analysts’ anticipations for its initially-quarter final results. Align posted altered earnings of $2.14 for each share on income of $997.4 million, higher than the $1.97 in earnings for each share on […]
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Ford is set to report earnings after the bell. Here’s what Wall Street expects
The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is announcing first-quarter earnings after the markets close Wednesday. Here is what Wall Street expects, based on average analyst estimates compiled by LSEG: Earnings per share: 42 cents adjusted Automotive revenue: $40.10 billion […]
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What investors should know about the UAW’s organizing drive of VW
Volkswagens are seen in the employee parking lot at the Volkswagen automobile assembly plant on March 20, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images DETROIT – The United Auto Workers notched a big win this weekend. Volkswagen workers in Chattanooga, Tennessee, overwhelmingly voted in favor of joining the UAW – marking the Detroit […]
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