Ford Motor News
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This Week In Electric Vehicles - Nayax Partners With ChargeSmart To Advance Payment Solutions
Nayax Ltd. has entered into a strategic partnership with ChargeSmart EV, a growing EV charging network in the U.S., to enhance EV charging infrastructure. Nayax will be the preferred provider of cashless payment solutions, integrating its eCommerce SDK payment solution into ChargeSmarts mobile app. This collaboration aims to improve transaction reliability and convenience for EV drivers and operators as ChargeSmart expands its network. The partnership is expected to positively impact Nayax by positioning it as a key player in the EV charging market.
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Micron upgraded, Klarna initiated: Wall Street's top analyst calls
The article discusses recent research calls on Wall Street, highlighting upgrades and downgrades for various companies. Micron (MU) received an upgrade from Morgan Stanley to Overweight with a price target increase to $220, citing expected double-digit price increases and higher earnings potential. Affirm (AFRM) was upgraded by Rothschild & Co Redburn to Buy, with a focus on its established product set and international growth. Other notable upgrades include Ford (F), Brinker (EAT), and Mobileye (MBLY). On the downside, companies like Rambus (RMBS), Shake Shack (SHAK), and AT&T (T) received downgrades due to various market pressures and challenges.
Commentary: Trump’s trade war is hurting most sectors of the economy
The article discusses the negative impact of President Trumps tariffs on various sectors of the US economy, particularly highlighting the effects on companies within the S&P 500 index. It notes that tariffs have significantly increased costs for businesses, leading to reduced profits and price hikes. General Motors, for example, reported a $1.1 billion hit to profits in the second quarter due to tariffs. Other companies like Ford, Home Depot, and Walmart also face similar challenges, with increased costs and reduced profit margins. The article emphasizes the widespread economic damage caused by the tariffs, affecting both businesses and consumers.
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Assurant Teams Up With Holman to Boost Global Automotive Division
Assurant, Inc. has expanded its partnership with Holman, a major U.S. dealership group, to enhance its Global Automotive division. This collaboration, which began in 2016, aims to boost Assurants reach and service offerings in the automotive sector. Holmans recent acquisition of Leith Automotive Group has added 30 dealership locations, where Assurant will provide F&I products, sales training, and program guidance. This partnership is expected to benefit Assurants Global Automotive business by supporting a larger network of dealerships and enhancing customer satisfaction. Assurants success in the automotive market is attributed to its strategic partnerships and ability to adapt to industry trends.
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Mike Pence Calls For 'Free Trade With Free Nations' And Says Tariffs Ultimately Hurt U.S. Businesses And Shoppers
The article discusses former Vice President Mike Pences criticism of President Donald Trumps tariff policies, highlighting their negative impact on American manufacturers like Ford Motor. Ford reported paying $800 million in tariff costs during Q2, leading to its first quarterly loss since 2023 and estimating a $3 billion reduction in annual profits. The tariffs have also affected General Motors, which lost over $1 billion in the same quarter. Pence argues that tariffs are taxes paid by American businesses and consumers, and he advocates for free trade with allied nations. Ford CEO Jim Farley is in talks with the Trump administration to address the tariff-related disadvantages.
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Why we are seeing another meme stock moment: eToro CEO
eToro is capitalizing on the resurgence of retail investors by expanding its trading capabilities. The company announced the introduction of 24-hour, five-day-a-week trading on 100 popular stocks and ETFs, including major names like Apple and Nvidia. This move positions eToro alongside competitors like Robinhood in advocating for extended trading hours. Additionally, eToro is exploring blockchain technology by launching US-listed equities as tokens on the Ethereum blockchain. The company recently priced its IPO at $52 per share, raising approximately $310 million, and currently holds a market cap of $5.2 billion. With over 40 million registered users, eToro continues to grow in the competitive trading platform market.
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Trump Aims Tariff Double Whammy at Industries, Nations by Aug. 1
The article discusses President Donald Trumps plans to implement industry-specific tariffs alongside country-specific duties, aiming to reshape the USs global trade standing. A 50% duty on copper is expected to be announced soon, with potential tariffs on pharmaceuticals, semiconductors, lumber, chips, critical minerals, and drugs to follow. These tariffs, under Section 232 of the Trade Expansion Act, are justified on national security grounds. The European Union, Japan, and India are attempting to negotiate lower rates. The financial markets view Trumps tariff strategy as a negotiating tactic rather than a long-term economic threat.
Solar stocks jump, casino names surge, Ford Q2 sales increase
Ford reported a 14.2% increase in second-quarter US sales, driven by strong demand for trucks, hybrids, and SUVs. This growth in sales has led to an expansion in market share, particularly in the truck, hybrid, and SUV segments. The positive sales figures are part of a broader market trend where solar and casino stocks also experienced gains. Fords performance indicates a growth-positive impact, reflecting consumer demand and market strength in these vehicle categories.
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Trump Trade: President said to weigh possible U.S. strike against Iran
The article discusses several key developments involving U.S. President Donald Trump. Notably, Trump plans to sign an executive order to delay enforcement of a law that could ban or force the sale of TikTok, allowing the platform to continue operating in the U.S. for another 90 days. This move is seen as growth-positive for TikTok as it provides more time to ensure data security and compliance. Additionally, the U.S. Senate has passed a bill to establish a regulatory framework for stablecoins, and there is growing support within the Trump administration for the use of psychedelics in mental health treatment. These developments could impact various publicly traded companies in the tech, cryptocurrency, and psychedelic sectors.
Auto stocks, Applied Digital-CoreWeave deal, solar stocks fall
In a recent market update, Yahoo Finance highlighted several key market movements, including the impact of President Trumps proposed tariffs on steel imports, which affected automakers like Ford and General Motors. Applied Digital saw a positive market reaction after announcing a significant partnership with CoreWeave to lease AI data centers, expected to generate approximately $7 billion in revenue over 15 years. Meanwhile, clean energy stocks declined following the cancellation of $3.7 billion in grants by the energy department. The article underscores the ongoing trade tensions between the US and China, which continue to influence market dynamics.
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Charged: Tesla to restart shipping Chinese parts for U.S. production
The article discusses Teslas plans to resume shipping components from China to the U.S. for the production of Cybercab and Semi trucks after a truce over tariffs. Teslas board is exploring a new pay package for CEO Elon Musk, which could include stock options. Morgan Stanley highlights the challenges in valuing Tesla, noting that its core auto business is valued between $50 and $100 per share. The firm forecasts Teslas installed base to reach 50 million units by the mid-2030s, with significant revenue potential from autonomy and other services. Teslas energy storage business is noted as its fastest-growing segment. The article suggests a positive growth outlook for Tesla.
Product StageManagement Changes
Trump Trade: President said to end IRS Direct File, block DeepSeek
The article discusses the impact of President Donald Trumps policies on various industries and stocks. It highlights the Trump administrations move to restrict Nvidias sale of AI chips to China, potentially affecting DeepSeek, a Chinese AI company. The U.S. is considering penalties against DeepSeek, which could block its access to U.S. technology and services. Additionally, the article mentions the planned elimination of the IRS Direct File program and unusual stock trading activities linked to Trump family appointments. The Trump Media and Technology Group has raised concerns about suspicious trading activities related to its stock.
Stock Investors Should Cheer for China Despite Its Growth Ambitions, Here’s Why. And 5 Other Things to Know Before Markets Open.
5 Reasons Albemarle Stock Is Dropping
BYD EVs Are Coming to the U.S. How Long Do Tesla and Ford Have to Prepare?
Why Toyota Stock Looks Like a Growth Stock
Ford’s Return to Investment Grade Solidifies Era of Rising Stars
Ford Motor Co.s credit rating has been upgraded to investment grade, pulling $46.8 billion of debt out of junk bond indexes. This upgrade signals a shift in corporate priorities as companies strengthen their finances in anticipation of a potential recession. The upgrade has resulted in a global benchmark of junk debt shrinking by a total of $73 billion in October, marking the largest monthly decline in 18 years. Despite concerns of a recession, strategists see few indications that the number of fallen angels will rise again.
Investment
Stellantis says UAW, Unifor strikes will cost carmaker less than U.S. peers
Stellantis, the owner of Chrysler, has seen its shares rise after it stated that ongoing strikes at its plants would not affect the companys profitability and cash goals. The strikes, which have been ongoing for six weeks over pay disputes at factories in the U.S. and Canada, are expected to cost the company €3 billion in revenues and less than €750 million in income. Despite this, the companys CFO, Natalie Knight, has stated that the profit loss would be smaller than that experienced by rivals General Motors and Ford due to similar labor actions. Stellantis has also reiterated its full-year guidance for double-digit adjusted operating margin and positive industrial free cash flows.
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Ford Scores Second Credit Upgrade—This Time From S&P
Ford Motor Co. has received its second credit upgrade, marking the automaker’s return to investment-grade status after its downgrade to junk in 2020. The upgrade comes just five days after Ford reached a tentative agreement to end a six-week strike by the United Auto Workers that has impacted production and hurt the company’s finances. The company agreed to give its 57,000 UAW-represented workers a 25% wage increase, restore cost-of-living allowances and give workers a quicker path to achieve the top wage of $42.60 an hour. Ford is struggling to make the transition to electric vehicles and said it would push back $12 billion in spending on battery powered models.
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Wall Street week ahead: Amazon, Microsoft, Boeing earnings and rising bond yields
The United Auto Workers strike against Detroit’s Big Three (General Motors, Ford, and Stellantis) continues to impact the companies, with GM reporting roughly 6,000 strike-related layoffs and an estimated $200 million loss. The strike has also led to job cuts at Ford and Stellantis. Meanwhile, investors are keeping a close eye on bond yields as the 10-year Treasury nears 5%. Upcoming earnings reports from major companies including Microsoft, Alphabet, Coca-Cola, Visa, Meta, Boeing, Norfolk Southern, IBM, Amazon, MasterCard, Chipotle Mexican Grill, Northrop Grumman, Exxon Mobil, and Chevron are also in focus.
LayoffsCustomers
Rivian Sticks to Its Plans as Things Get Tough for EV Makers
UAW Foregoes Strike Expansion as President Sees ‘More to Be Won’
UAW Holds Off on Expanding Strike. Still No End In Sight.
Ford Chairman Bill Ford calls for deal to end UAW strike
Automakers Have Big Hopes for EVs; Buyers Aren’t Cooperating
UAW says had to escalate action on Ford
Ford Considers Cutting Shift at F-150 Lightning Pickup Plant, UAW Memo Says
UAW Strike Won’t Expand for Now. What’s the Endgame?
Ford to temporarily cut one shift at Michigan EV plant
Stellantis and Ford Motor announced on Friday that they will temporarily lay off 1,250 employees due to the impact of the United Auto Workers (UAW) strike. Stellantis now has 1,340 employees on temporary layoff in three states because of the four-week-old strike. This includes the layoff of 700 employees at two plants in Indiana announced on Friday. Ford is temporarily laying off another 550 employees after the UAW walkouts at its Kentucky Truck Plant and Chicago Assembly Plant.
Layoffs
Ford’s Lucrative Pickup Plant Hit by Major Strike Escalation
Ford Motor Co. is facing a strike from the United Auto Workers union, with 8,700 workers walking out of its largest plant, a profitable pickup factory in Kentucky. The plant generates $25 billion a year in revenue. Ford shares fell 2.8% following the announcement. Some analysts view the move as a sign that progress in the contract talks is imminent. The union called the strike after Ford refused to make further movement in bargaining. The strike expansion is the UAW’s boldest move yet since walkouts began at Detroit’s three legacy automakers on Sept. 15.
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5 biggest headwinds holding the EV transition back
The transition to electric vehicles (EVs) is facing several challenges, according to Yahoo Finances Pras Subramanian. These include labor issues, such as the ongoing UAW strike, which is impacting automakers ability to ramp up investment in EV facilities. The cost of materials is also a concern, with EVs costing more to make due to the need for materials like lithium, cobalt, and nickel. Demand is another issue, with EVs costing on average $18,000 more than gas-powered cars, impacting their uptake. Infrastructure and range anxiety are also impacting demand.
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UAW Mack Trucks Workers Go On Strike. Things Just Got More Complicated.
Unifor threatens union strike against GM, deadline looms
Canadian labor union Unifor is threatening to strike against General Motors (GM) if a deal is not reached by midnight on October 9. Unifor states that GM is refusing to match certain elements in the unions labor contract with Ford in Canada. This comes as the UAW strike in the U.S. is expanding its picket lines to target the Volvo-owned Mack Trucks after union workers rejected the tentative deal both sides initially agreed on. If no deal is reached, potentially 4,300 GM workers will go on strike.
Layoffs
Israel-Hamas War, U.S. senators in China, UAW strikes: The Rundown
General Motors (GM) is facing a potential shutdown of its Canadian auto plants due to an ongoing strike by the United Auto Workers (UAW). This comes as around 4,000 UAW members at Mack Trucks go on strike after rejecting a tentative agreement. The situation is becoming increasingly critical as a key deadline approaches.
Layoffs
UAW Talks Turn to Key Battleground: Jobs at Future Battery Plants
UAW Forgoes Additional Walkouts for Now, Citing Progress in Talks
FORD TRUCKS SELECT CYMOTIVE TECHNOLOGIES TO UNDERTAKE ITS CYBERSECURITY COMPLIANCE CERTIFICATION FOR VEHICLE-TYPE APPROVAL UNDER UNR 155 AND 156 REGULATIONS
Ford Otosan, the largest vehicle manufacturer in Turkey, has selected CYMOTIVE Technologies to support its cybersecurity compliance certification and maintain continuous regulatory compliance. By implementing CYMOTIVEs solutions, Ford Otosans heavy commercial brand Ford Trucks will achieve vehicle-type certification, allowing the company to sell its heavy-duty commercial vehicles in countries requiring compliance with specific regulations. CYMOTIVEs automated cybersecurity solutions for vulnerability mitigation and compliance management will help car manufacturers and component suppliers ensure compliance with upcoming cyber regulations. The partnership with CYMOTIVE will enable Ford Otosan to reduce costs, protect its brand reputation, and comply with cyber regulations for sales enablement worldwide.
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Ford taps Israeli water-from-air firm Watergen for in-vehicle drinking water
Ford has partnered with Israeli water-from-air tech company Watergen to deliver a built-in drinking water generator in its adventure and recreational vehicles. Watergen has developed a patented technology that enables cost-effective, low-energy generation of clean drinking water from air. The partnership will allow Fords vehicles to produce safe, quality drinking water without relying on an external water source. Watergen already works with a number of car manufacturers and other high-profile clients. The company aims to provide access to clean, safe drinking water to communities around the world. Watergen has also embarked on projects in the Gaza Strip and Navajo Nation to address water shortages.
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FORD's Innovation Center set to support 8200 Impact accelerator program
The FORD Innovation Center in Israel has announced its support for the 8200 Impact accelerator program and its startup community. FORD will help entrepreneurs develop technological solutions to social and environmental challenges. The 8200 Impact program has raised over $58 million and created over 160 jobs. FORDs collaboration with the 8200 Alumni Association will help integrate promising companies into Fords products and services worldwide. The program provides startups with five months of training and the opportunity to join follow-up programs. FORDs Innovation Center in Israel focuses on cyber security, vehicle connectivity, robotics, smart cities, and more.
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Boaz Hartal Ford, Technical Director of Israeli Research Center
Ford Motor Company has appointed Boaz Hartal as the technical director of its research center in Israel. Hartal previously served in the Israeli Air Force for 28 years. The appointment is a growth-positive move for the company.
Management Changes
Ford Opens Israel Research Center In The Heart Of Tel Aviv's Technology Community
Ford Motor Co. has opened its Ford Research Center in Tel Aviv, Israel. The center will serve as a research hub and support Fords automotive and mobility businesses by identifying technologies and start-up companies in various fields. The center includes a vehicle lab and will work closely with Fords subsidiary, SAIPS. Ford has been working with local companies and partners in Israels tech community for many years. The new Research Center will allow Ford to engage with technology and leading companies faster and support its goals of creating new solutions for mobility challenges.
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Ford Motor opens research center in Tel Aviv
The article does not provide any specific information about Reuters or its activities.
In Israel, Ford chief says car 'revolution' underway, disruption key to survival
Bill Ford, the executive chairman of Ford Motor Company, emphasized the need for carmakers to team up with startups in order to stay ahead in the rapidly changing automobile industry. He highlighted the impact of artificial intelligence, 3D printing, and autonomous driving technologies on the nature of mobility and transportation. Ford also mentioned the opening of the companys new research center in Tel Aviv and its acquisition of SAIPS AC Ltd., a developer of computer vision and machine learning algorithms. The article discusses the growing interest of tech giants and car manufacturers in Israeli tech, as well as the importance of fostering a technology ecosystem that encourages disruption. Ford expressed his excitement about the current state of the industry and the potential for startups to integrate technology in a way that advances peoples lives.
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Ford to Open an Innovation Center in Israel
Ford Motor Company is launching an innovation center in Tel Aviv, Israel. The center will focus on artificial intelligence, autonomous driving, and cybersecurity. The executive chairman, Bill Ford, will inaugurate the center during his visit to Israel in June. Ford already operates a computer vision and machine learning innovation center in Israel through its subsidiary SAIPS AC Ltd. In 2018, Ford invested $12.5 million in SAIPS to fund a new unit for designing a decision-making system for autonomous vehicles. The new innovation center will join other global automakers innovation centers in Israel.
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Ford acquires SAIPS for self-driving machine learning and computer vision tech
Ford has acquired SAIPS, an Israeli company specializing in machine learning and computer vision, as part of its plan to ship driverless cars by 2021. SAIPS technology will help with on-board interpretation of data captured by sensors on Fords self-driving cars. Ford has also partnered with Nirenberg Neuroscience to bring more humanlike intelligence to machine learning components of driverless car systems. The partnership aims to improve Fords virtual driver system and process information in ways similar to how human drivers would. Ford has previously invested in Civil Maps to enhance its 3D mapping capability.
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