Ford Motor Co

Forget Tesla , the real competition in electric vehicles is low-cost Chinese automakers. That's what Ford CEO Jim Farley recently told Wall Street. He said he has a plan as one such EV maker looks to break into America. BYD — short for Build Your Dreams — could pose a threat to Ford and other U.S. automakers if speculation is correct and the Chinese automaker does build an electric vehicle factory in Mexico. According to a Nikkei report from mid-February, the plant could be used as an export hub to penetrate the U.S.…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We're no longer recording the audio, so we can get this new written feature to members as quickly as possible.) As we gear up for the CNBC Investing Club's annual meeting on Saturday, I asked Jim Cramer for some quick thoughts on some of the day's portfolio movers. " Ford seems really interesting as the electric vehicle market slows down," Jim said.…

Ford Super Duty trucks are seen at the Kentucky Truck assembly plant in Louisville, Kentucky, U.S., April 27, 2023.Joe White | ReutersFord and a United Auto Workers local union reached a tentative deal on Wednesday to avert a strike at the automaker's most profitable plant.The UAW had threatened that nearly 9,000 workers at Ford's Kentucky truck plant would strike on Friday if local union demands were not resolved.The UAW said Tuesday the deal addresses local issues related to skilled trades, ergonomics and health and…

Mathisworks | Digitalvision Vectors | Getty ImagesCorporate America has a message for Wall Street: It's serious about cutting costs this year.From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker Mattel, PayPal, Cisco, Nike, Estée Lauder and Levi Strauss are just a few of the firms that have cut jobs in recent weeks.Department store retailer Macy's said it will close five…

United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023.ScreenshotDETROIT – The United Auto Workers is threatening a labor strike at Ford Motor's largest U.S. plant if local union demands aren't resolved by next week.The Detroit union on Friday said nearly 9,000 UAW autoworkers at Ford's Kentucky Truck Plant could strike at 12:01 a.m. on Feb. 23 if local contract issues remain. The plant — Ford's largest in terms of employment…

Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023.Rebecca Cook | ReutersDETROIT – Ford Motor CEO Jim Farley on Thursday urged Wall Street to forget about Tesla and its FSD driver-assistance systems as the future of the auto industry, arguing investors should instead focus on the Detroit automaker's…

(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty ImagesGlobal auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of 2023, as six-week strikes at the so-called "Detroit Three" automakers hampered production in the group's North American profit epicenter.Adjusted operating income (AOI) came in at 10.2 billion euros ($10.96 billion) for…

The logo of car manufacturer Ford is pictured in Inwood, New York, on February 5, 2024. Charly Triballeau | AFP | Getty ImagesLONDON — Ford was warned on Wednesday that more than 3,000 white-collar workers across the U.K. could launch industrial action after union members rejected a pay offer from the U.S. automotive giant.Unite, one of the U.K.'s largest trade unions, said although offers put forward by Ford for salaried staff and managers had been rejected by more than 90% among both sets of workers, the company had so…

A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022.Michael Nagle | Bloomberg | Getty ImagesDETROIT — Ford Motor is rethinking its electric vehicle strategies, including "reassessing" the need for vertical integration of batteries, CEO Jim Farley said Tuesday.The Detroit automaker previously confirmed plans to delay or cut $12 billion in spending on all-electric vehicles, but the comments made Tuesday are the most detailed about Ford's…

Ford CEO Jim Farley at the company's Dearborn, Michigan, plant where it's building the electric F-150 Lightning on April 26, 2022.CNBC | Michael WaylandDETROIT – Ford Motor is announcing fourth-quarter and 2023 earnings after the markets close Tuesday.Here's what Wall Street expects, based on average analysts' fourth-quarter estimates compiled by LSEG, formerly known as Refinitiv:Adjusted earnings per share (EPS): 14 centsAutomotive revenue: $40.12 billionThose results would mark a 73.4% decrease in adjusted EPS compared…