Ford sees $1.7 bln pre-tax remeasurement hit to fourth-quarter results
Ford Motor said on Wednesday it expects to record a pre-tax remeasurement loss of about $1.7 billion in its fourth-quarter results for fiscal 2023.
22 hours ago - Reuters
Ford recalls nearly 2 million Explorers over trim part that could detach, create road hazard
Ford is recalling nearly 2 million Explorer SUVs between model years 2011 and 2019 over concerns about a part that could fly off while driving.
1 day ago - Fox Business
EV Sales Across American Slow Down
Tesla is off to its worst start to a year yet, and many other manufacturers' shares are trading at record lows. Elon Musk's electric vehicle maker lost more than $94 billion in market valuation in the...
Other symbols: GMRIVNTSLA
1 day ago - Bloomberg Markets and Finance
Ford Recalls Nearly 2 Million Explorers Over Concerns Part Can Fly Off While Driving
Ford is recalling nearly 2 million Explorer SUVs made between 2011 and 2019 over concerns an exterior clip that holds the windshield trim in place can detach mid-driving, causing a trim piece to fly o...
1 day ago - Forbes
Ford to recall 1.88 million units of Explorer vehicles
Ford Motor Co is recalling 1.88 million units of certain 2011-2019 Explorer vehicles as A-pillar trim retention clips may not be properly engaged, allowing the trim to detach, said the National Highwa...
1 day ago - Reuters
Ford dealership details 'struggle' with EV truck as 'concerns' mount
FOX Business' Jeff Flock reports from the Celebrity Ford of Toms River dealership, where electric F-150s aren't driving off the lot fast enough.
3 days ago - Fox Business
Why China poses a growing threat to the U.S. auto industry
Chinese companies are releasing new models in record times, and many are producing EVs efficiently and profitably.
Other symbols: GMTSLASTLA
3 days ago - CNBC
Ford cuts production of EV truck Biden drove to push his green agenda
Former Chrysler and The Home Depot CEO Bob Nardelli joined 'The Evening Edit' to discuss Ford cutting production of its F-150 Lightning pickup amid low EV demand.
5 days ago - Fox Business
Ford cuts production for F-150 Lightning electric pickup
Ford (F) announced it will cut production of its electric F-150 Lightning pickup truck starting April 1st, citing slowing EV demand. At the same time, Ford plans to boost output of its gasoline-powere...
6 days ago - Yahoo Finance
Fordcutting F-150 Lightning truck production on weak demand
Ford said it would increase production ofgas-powered BroncoSUVs and Ranger pickups.
6 days ago - New York Post
Ford cuts F-150 Lightning production, 1,400 jobs affected
The Michigan-based automaker said Friday its Rouge Electric Vehicle Center, where it builds the electric pickup trucks, will use one shift starting in April.
6 days ago - Fox Business
Ford Scales Back Electric Truck Production as EV Demand Slows
Ford Motor (F) is scaling back production of its electric F-150 Lightning truck as electric vehicle (EV) demand slows. About 1,400 employees will be impacted as Ford's Rouge Electric Vehicle Center tr...
6 days ago - Investopedia
Ford Sees Weaker Demand for F-150 Lightning Trucks
Ford Motor Co.said that it would reduce the number of workers making its F-150 Lightning truck as demand for electric vehicles continues to weaken. Bloomberg's Ed Ludlow reports.
6 days ago - Bloomberg Markets and Finance
Ford cuts production of F-150 Lightning EV, adds jobs at Bronco and Ranger plant
CNBC's Phil LeBeau joins 'Squawk on the Street' with the latest news from Ford.
6 days ago - CNBC Television
Ford's F-150 EV Sales Aren't Moving Like Lightning
Auto maker Ford is cutting production of the all-electric F-150 Lightning, while increasing production of Bronco and Ranger vehicles.
6 days ago - Barrons
Ford cuts electric F-150 Lightning truck production — again
Ford is cutting F-150 Lightning production, citing slow sales of the electric truck. The move will impact about 1,400 employees, Ford said.
6 days ago - Business Insider
Ford to Cut Production of Electric F-150 Pickups Amid Weaker Demand
Ford will slash production of its electric pickup, the F-150 Lightning, after seeing weaker-than-anticipated demand.
6 days ago - WSJ
Ford to reduce F-150 Lightning production
Ford Motor said on Friday it would reduce production of its F-150 Lightning pickup truck.
6 days ago - Reuters
Tesla, Ford take top spots as most shorted stocks in 2023 - Hazeltree
Hedge funds took the most bets against auto companies Tesla , Ford , and communications company Charter Communications in 2023, a report by data firm Hazeltree said on Thursday.
Other symbols: TSLA
7 days ago - Reuters
City of Long Beach Awards Landi Renzo USA Two-Year Contract for New Super Duty Ford RNG Trucks
TORRANCE, Calif.--(BUSINESS WIRE)--Landi Renzo, the global leader in sustainable ecomobility™, announces a new two-year, multimillion-dollar contract with the City of Long Beach, California to deliver...
14 days ago - Business Wire
85% of Ottawa hospital workers not confident about Ford government's health sector plan, 48% considering leaving: new poll
OTTAWA, Ontario--(BUSINESS WIRE)--A new poll among hospital staff in the Ottawa Valley paints a dire picture of an exhausted and demoralized workforce with nearly half considering quitting the sector,...
16 days ago - Business Wire
Ford: Why Mounting Debt and Crippling Expenses May Lead to Lower Valuations
The last few years at Ford Motor Co. (F, Financial) have been riddled with a series of challenges, ranging from its grapples with mounting debt paired with negative free cash flows, to its grapples wi...
17 days ago - GuruFocus
Ford: Why Mounting Debt, Crippling Expenses May Lead to Lower Valuations
The last few years at Ford Motor Co. (F, Financial) have been riddled with a series of challenges, ranging from its grapples with mounting debt paired with negative free cash flows, to its grapples wi...
17 days ago - GuruFocus
Ford US new vehicle sales climb 7.1%, highest since 2020
Ford said Thursday it sold almost two million vehicles in the U.S. over the course of 2023. That's an increase of 7.1% from 2022, according to the automaker.
21 days ago - Fox Business
Ford F-Series Super Duty Prevails As North America Truck of the Year, Smart Technology and Heavy-Duty Capability Win Amongst Competition
PONTIAC, Mich.--(BUSINESS WIRE)--The 2024 Ford F-Series Super Duty, the ultimate workhorse for weekend warriors and builders, has taken home the 2024 North American Truck of the Year award today. Desi...
21 days ago - Business Wire
I'm an automotive industry enthusiast with a keen interest in tracking the latest developments and trends within the sector. Over the years, I've delved deep into understanding the dynamics of various automakers, their financial performances, product launches, and the ever-evolving landscape of electric vehicles (EVs) and traditional gasoline-powered vehicles.
The article you've shared provides a snapshot of recent events and trends within Ford Motor Company and the broader automotive industry. Let's break down the key concepts mentioned:
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Ford's Pre-Tax Remeasurement Loss: The article highlights Ford's expectation to record a pre-tax remeasurement loss of approximately $1.7 billion in its fourth-quarter results for fiscal 2023. This indicates that Ford is likely reassessing the value of certain assets or investments, possibly reflecting market shifts or internal evaluations.
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Ford Recalls Nearly 2 Million Explorers: Ford issued a recall for nearly 2 million Explorer SUVs manufactured between 2011 and 2019 due to concerns about a part that could detach while driving, posing a safety hazard.
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EV Sales Across America Slow Down: The article mentions the slowdown in electric vehicle (EV) sales in the American market, with Tesla experiencing challenges along with other manufacturers. This reflects a broader trend in the adoption and demand for EVs, impacting companies like Tesla and potentially influencing Ford's EV strategy.
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China's Growing Threat to the U.S. Auto Industry: Chinese automakers are highlighted as posing a growing threat to the U.S. auto industry due to their ability to release new models quickly and efficiently, particularly in the electric vehicle segment.
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Ford's F-150 Lightning Production Cut: Ford announced a reduction in production for its electric F-150 Lightning pickup truck due to weakening demand for electric vehicles. This decision impacts approximately 1,400 employees and underscores the challenges in the EV market.
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Shorted Stocks in 2023: Tesla and Ford are noted as the most shorted stocks in 2023, indicating significant investor speculation and sentiment surrounding these companies and the broader automotive industry.
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Ford's Overall Performance and Challenges: The article touches upon Ford's financial performance, including its sales figures, challenges with debt, and expenses, which may impact its valuation and market perception.
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Awards and Contracts: Despite challenges, Ford's F-Series Super Duty truck receives recognition as the North American Truck of the Year, highlighting its continued relevance and success in the market. Additionally, Ford secures contracts and awards related to its vehicles and sustainable mobility initiatives.
These concepts collectively paint a picture of Ford's recent struggles, industry challenges, and ongoing efforts to navigate shifts in consumer preferences, technological advancements, and market dynamics.
