Ford Motor Co
Ford’s Mustang Mach-E electric crossover is a hit with industry insiders — that could help it take on Tesla
Ford’s first real attempt at an electric vehicle has been quite a hit with critics. The Mustang Mach-E replaced the Tesla Model 3 as Consumer Reports’ Top Pick in February 2022. It was named the Top Car in the Automobile Association of America (AAA) Car Guide in May. Car and Driver awarded it the magazine’s […]
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Auto dealerships are facing a shortage of technicians to fix cars. Here’s why
It’s not just hard to buy a new car these days — it’s getting tough to even get one fixed. There just aren’t enough workers to do the job. Dealers and auto repair shops are struggling to recruit and retain technicians and other service department workers. Auto dealerships, like many industries, are feeling the effects […]
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Ford reports worst quarterly sales in China since onset of coronavirus pandemic
Visitors walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images DETROIT – Ford Motor joined its crosstown rival General Motors in reporting its worst quarterly sales in China since the onset of the coronavirus pandemic, amid a resurgence of Covid-19 cases in the […]
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States are spending billions on electric vehicles in battle to replace automotive capital Michigan
For as long as there has been an auto industry, Michigan has been its epicenter. But now, the industry is making clear that it is not bound by tradition. The move to electric vehicles — rapidly accelerating as the price of fossil fuels rises and battery technology improves — is easily the biggest shakeup in […]
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Volkswagen CEO says EV outlook is ‘very good,’ expects to reduce delivery times this year
An ID. Buzz stands during a plant tour of the production of the ID. Buzz in quality control at the Volkswagen Commercial Vehicles plant in Hanover, Germany, June 16, 2022. Ole Spata | Picture Alliance | Getty Images The CEO of German automotive giant Volkswagen sought to assuage concerns about electric vehicle sales and semiconductor […]
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There’s a battle over inflation-linked pay adding to European port contagion
The growing congestion at ports in Germany and the Netherlands, which could delay car and furniture shipments to the U.S. for weeks, shows no signs of clearing up as the latest round of labor negotiations between the Central Association of German Seaport Companies (ZDS) and ver.di, the German labor union, ended with no agreement. A […]
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Rivian confirms it’s on track to build 25,000 electric vehicles this year
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle startup Rivian Automotive said it produced more than 4,000 vehicles in the second quarter and that it remains on track to build 25,000 vehicles in 2022. Shares or Rivian were up […]
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Stocks making the biggest moves midday: Oil stocks, Ford, Crocs and more
Check out the companies making headlines in midday trading. Ford Motor — Shares of the carmaker dropped 1% and hit a new 52-week low after the company reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts’ expectations. The company said sales rose 1.8% to 483,688 new vehicles in […]
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Ford reports slight uptick in sales that misses analysts’ expectations
Electric Ford F-150 Lightning Andrew Evers / CNBC DETROIT – Ford Motor on Tuesday reported a slight increase in second-quarter new vehicle sales that missed the expectations of automotive analysts. Ford said second-quarter sales rose 1.8% compared to a year earlier, including a 31.5% increase in June. Analysts expected the Detroit automaker’s sales to increase […]
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GM’s quarterly sales fall but show improvement from beginning of year
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors’ U.S. vehicle sales were down about 15% in the second quarter from a year ago as the automaker continues to battle supply chain issues, but showed improvement from […]
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