Ford Motor Co
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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UAW expands strike to Stellantis pickup truck plant in Michigan
United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. Rebecca Cook | Reuters DETROIT – The United Auto Workers union is expanding its strike to a Stellantis plant in Michigan that produces Ram 1500 […]
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GM and Ford will answer to Wall Street and the UAW with third-quarter earnings this week
Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — Ready for a tightrope walk? General Motors and Ford Motor report third-quarter earnings and future guidance this week amid ongoing strikes and contract negotiations with the United Auto Workers union. And it’s a difficult balance. If the automakers are […]
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UAW says ‘more to be won’ despite record offers from automakers; declines to expand strikes
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 – The United Auto Workers union believes there is “more to be won” in ongoing contract negotiations with the Detroit automakers following five weeks of labor strikes against the […]
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In rare move, Ford chairman calls on UAW to make a deal and end ‘acrimonious’ talks
Bill Ford, Executive Chairman of Ford Motor Company, announces at a press conference that Ford will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano | Getty Images DEARBORN, Mich. – […]
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