Ford Motor Co
How Detroit moved on from its legendary bankruptcy
A new wave of development is rippling through downtown Detroit. “Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022,” said Ramy Habib, a local entrepreneur. “It is absolutely magnificent what happened throughout those 15 years.” Between 2010 and 2019, just 708 new housing structures went up in the […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Tuesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. We are sticking to NVDA despite struggles in sector We’re trimming an oil stake Tensions with China could worsen chips shortage Quick mentions: CRM, COST, AMZN, DHR, DIS 1. We […]
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Ford raises price of electric F-150 Lightning by up to $8,500 due to ‘significant material cost increases’
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor on Tuesday said it is increasing the starting prices of its electric F-150 Lightning pickup due to “significant material cost increases and other factors.” The Detroit automaker said the price increases – between […]
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Jim Cramer says to consider buying these 8 stocks now that commodity prices are down
CNBC’s Jim Cramer on Thursday advised investors to take advantage of falling commodity prices by adding to their portfolios. “Oil’s down big, gasoline’s down big and you can now buy all sorts of stocks that benefit from cheaper fuel, especially the travel and leisure plays,” he said. The “Mad Money” host earlier this week criticized […]
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Lordstown Motors expects limited production and deliveries of electric pickup in 2022
Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Embattled electric truck startup Lordstown Motors on Thursday reaffirmed plans to begin commercial production of its first vehicle this quarter and roll out the first […]
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Cramer’s lightning round: Canoo is not a buy
MannKind Corp: “No one ever likes me to say anything bad about Mannkind. … What happens if it’s not a good company? Does that matter at all? To me it does, therefore I say, sell, sell, sell.” Canoo Inc: “They just lose money. We’re done with those stocks that just lose money.” Trade Desk Inc: […]
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Ford reports big jump in July sales, including for trucks and electric vehicles
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor’s U.S. vehicle sales last month showed notable improvements in volumes and truck availability, following a fire at a supplier’s plant in Japan that hurt its year-ago sales. The Detroit automaker said Wednesday its new vehicle sales rose […]
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Ford stock notches its best month since the Great Recession – and keeps rising
2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor’s stock on Monday added to its best month since the Great Recession in 2009, signaling a significant swing for the automaker this year. Shares of the Detroit automaker closed Monday at $15.34, up 4.4%. The gains added to the stock increasing by 31.9% in July […]
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Ford is adding an off-road package to its hot-selling Maverick compact pickup
2023 Ford Maverick Tremor Source: Ford Ford Motor is adding a new off-road-ready package to its Maverick pickup in a bid to extend the sales success of its hot-selling small truck. The new Maverick Tremor package includes a beefed-up, higher-riding suspension and a new all-wheel-drive system system powered by Ford’s 2-liter EcoBoost turbo four-cylinder […]
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Ford CEO offers more clues about automaker’s ambitious electric vehicle plans
Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a year in just four years. This week, the Detroit automaker gave investors a little more clarity about how it plans to […]
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