Ford (F) announces management shuffle as UAW strikes continue

GM matches Ford's (F) wage offer to UAW in bid to end strike

General Motors (NYSE: GM), on Friday, increased its proposal to the striking auto workers, matching Fords (NYSE: F) suggested 23% wage increase and additional benefits enhancements, hours before union leader Shawn Fain was set to address the ongoing negotiations.

"We have made... More

US EV sales skyrocket in 3Q, China expands reach

According to data released by Cox Automotive, US electric vehicle (EV) sales surged by almost 50% in the 3Q compared to last year, surpassing 300,000 units sold for the first time.

The current market trajectory suggests that the US may witness the sale of over a million EV cars this year, marking a significant milestone in the transition to auto electrification. A notable shift, coupled with Tesla's (NASDAQ:... More

Chinas CATL reports severe drop in profit growth as EV demand weakens

China's CATL, the leading global battery manufacturer for electric vehicles (EV), announced on Thursday that its third-quarter profits had grown by 10.7%, representing the companys slowest quarter since the beginning of last year. Management attributes the slowdown to a combination of reduced demand and intensified competition.

This growth figure stands in stark contrast to the 63.2% profit increase in the previous quarter and the substantial 188.4% surge experienced in the third quarter of 2022.

Recent data revealed that CATL witnessed a decline... More

Tesla (TSLA) follows GM and Ford (F), slows EV ramp as demand drops

Tesla (NASDAQ: TSLA), on Wednesday, echoed the cautious approach of General Motors (NYSE: GM) and Ford (NYSE: F) towards expanding electric vehicle (EV) production capacity. The company cited economic uncertainties and emphasized concerns about a possible decline in demand.

Tesla CEO, Elon Musk voiced his apprehension about the... More

Ford reshuffles top management as UAW strike drags on

(Reuters) - Ford Motor Co on Wednesday announced a management rejig, promoting combustion vehicle unit chief Kumar Galhotra to the position of chief operating officer, even as the ongoing autoworkers strike shows little signs of ending.

Galhotra, who previously headed the Ford Blue unit that makes gas and hybrid vehicles, will now lead the automaker's global industrial system.

Andrew Frick, who previously managed Ford Blue's sales and distribution functions, trucks, SUVs and... More

Ford Motor (F) Appoints Ashwani Kumar Galhotra as COO

Effective October 12, 2023, Ashwani Kumar Galhotra was elected Chief Operating Officer of Ford Motor (NYSE: F). Prior to becoming Chief Operating Officer, Mr. Galhotra was President, Ford Blue. Mr. Galhotras compensation arrangements will be the subject of an amended 8-K filing.

General Motors (GM) to delay EV truck production at Michigan plant

General Motors (NYSE: GM) revealed Tuesday that the Detroit automaker will delay the production of electric pickup trucks at its Orion Township, Michigan facility as the company deals with "evolving EV demand."

The latest move suggests that electric vehicle production and demand might not be as strong as previously expected. Ford Motor (NYSE: F) announced on Friday that it would temporarily cut... More

Tesla (TSLA) pushes US to adopt stricter fuel efficiency rules

Prominent electric vehicle manufacturer, Tesla (NASDAQ: TSLA) on Tuesday, called upon the Biden administration to swiftly solidify more rigorous fuel economy standards through 2032 than those initially proposed by U.S. regulators, placing the automaker at odds with major OEMs.

In July, the National Highway Traffic Safety Administration (NHTSA) introduced a proposal to... More

Ford Motor (F) Declares $0.15 Quarterly Dividend; 5% Yield

Ford Motor (NYSE: F) declared a quarterly dividend of $0.15 per share, or $0.6 annualized.

The dividend will be payable on December 1, 2023, to stockholders of record on November 1, 2023, with an ex-dividend date of October 31, 2023.

The annual yield on the dividend is 5 percent.

For... More

Ford (F) recalls 230K Explorer SUVs for rollaway risk

Ford is recalling certain 2020-2022 Ford (NYSE: F) Explorers due to the potential risk of rolling away if the parking brake is not engaged.

According to the National Highway Traffic Safety Administration, 238,364 vehicles are affected by this recall. The issue stems from a... More

Ford (F) calls for deal to end UAW strike

On Monday, Bill Ford, the Executive Chairman of Ford Motor Company (NYSE: F), appealed to the United Auto Workers union to cease their 32-day strike and come to terms on a fresh labor agreement.

Ford highlighted the escalating repercussions for both the automaker and the broader U.S. economy.

"We... More

Ford Motor (F) call put ratio 2.6 calls to 1 put amid UAW talk headlines

Ford Motor (NYSE: F) 30-day option implied volatility is at 35; compared to its 52-week range of 27 to 588. Call put ratio 2.6 calls to 1 put.

Ford, UAW leaders spar as auto strike costs rise

By Joseph White and David Shepardson

DEARBORN, Michigan (Reuters) - Ford executive chairman Bill Ford on Monday urged the United Auto Workers union to end a 32-day strike and reach a new labor agreement, and warned of the growing impact to the automaker and the U.S. economy.

"We can stop this now," Ford said of the strike that expanded last week to shut down the Kentucky plant. "I call on UAW colleagues ... We need to come together to bring an end to this acrimonious round of talks."

Ford made his appeal in a press conference at... More

Stellantis (STLA), Ford (F) layoff 1,250 additional workers as UAW strike continues

Chrysler-parent company Stellantis (NYSE: STLA) and Ford Motor (NYSE: F) announced on Friday that they would be implementing temporary layoffs for 1,250 employees, citing the repercussions of the ongoing United Auto Workers (UAW) strike.

In light of the strike, Stellantis disclosed that 1,340 employees are... More