Ford Motor Co
UAW in tentative deal to end labor strike with Stellantis but expands its strike at General Motors
DETROIT —The United Auto Workers union and Stellantis have agreed to a tentative deal following roughly six weeks of targeted U.S. labor strikes, the union announced on Saturday. The agreement, which must still be approved by local union leaders and ratified by members, is patterned off a 4½-year agreement reached between the union and Ford […]
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Stocks earning the biggest moves midday: Intel, Chipotle, Juniper Networks and a lot more
Check out out the corporations building headlines in midday buying and selling. Intel — Shares of the chipmaker popped 9.6% Friday, a working day right after Intel documented 3rd-quarter success that topped analysts’ expectations. Intel also gave potent steerage for the latest quarter, and CEO Pat Gelsinger reported the corporation ideas to reduce costs by […]
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Ford shares fall 9% after earnings underline worries about costs and EV plans
Ford Motor Company’s electric F-150 Lightning on the production line at its Rouge Electric Vehicle Center in Dearborn, Michigan, on Sept. 8, 2022. Jeff Kowalsky | AFP | Getty Images Shares of Ford Motor traded sharply lower Friday after the company reported earnings that missed estimates and said that demand for its electric vehicles was […]
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GM, UAW may be nearing a labor deal after marathon negotiating session
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT — Contract negotiations between the United Auto Workers and General Motors are reconvening midday Friday after intense talks occurred Thursday night and into the morning, according to sources familiar […]
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CNBC Each day Open: Is difficulties on the horizon?
Powerful shopper spending in spite of increased curiosity costs and stubbornly large inflation buoyed the U.S. financial state in the third quarter. But will it last? Resource
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Stock futures tick greater following the Nasdaq declines further more into correction territory: Are living updates
Traders operate on the ground at the New York Stock Trade (NYSE) in New York City, U.S., Oct 26, 2023. Brendan Mcdermid | Reuters U.S. stock futures inched bigger on Thursday night time following the Nasdaq Composite slipped even further into correction territory. Nasdaq 100 futures climbed .5%. Futures tied to the S&P 500 innovative […]
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Ford will postpone about $12 billion in EV investment as buyers become more cautious
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC As a result, it’s postponing about $12 billion in planned spending on new EV manufacturing capacity. Customers’ reluctance to pay extra for EVs has complicated Ford’s ambitious and expensive plans […]
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Ford is set to report earnings on the heels of its tentative deal with the UAW
2024 Ford F-150 Raptor Ford DETROIT — Ford Motor is set to report its third-quarter earnings after the bell Thursday. Here’s what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv. Adjusted earnings per share: 45 cents Automotive revenue: $41.22 billion Those results would be increases of more than […]
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Ford, UAW negotiators reach labor deal, pending union leadership approval
United Auto Workers President Shawn Fain (right) and UAW Secretary-Treasurer Margaret Mock (left) lead a march outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT – The United Auto Workers union and Ford Motor have agreed in […]
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General Motors is set to report earnings before the bell. Here’s what Wall Street expects
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv. […]
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