Ford Misses Wall Street Expectations for Q3 2023 amid Pending Deal
The recent work stoppage by the United Auto Workers (UAW) union impacted the company’s ability to meet its financial targets.
Mercedes-Benz Reports Reduced Earnings in Q3 2023, Here’s Why
Mercedes-Benz cited higher inflation, supply chain-related costs, and a 329-million-euro foreign exchange setback, among the factors that shrank its Q3 2023 earnings.
Vietnamese EV Maker VinFast Is Worth More than BMW and Ford Following Spike in Shares after Us Trading Debut
By
Tolu Ajiboye
VinFast shares jumped nearly 70% following its trading debut and is worth more than Kia and Hyundai combined. However, VFS may be too costly.
Ford Shares Drop 1% despite Q2 2023 Earnings Beating Analysts Expectations and Raising FY Guidance
Ford lifted its guidance range for full-year 2023 consolidated adjusted EBIT to between $11 billion and $12 billion.
Toyota Stock Sees Best Week since 2009 after Climbing Nealy 15% on EV Plans
By
Tolu Ajiboye
On Wednesday, Toyota stock solidified a nearly 15% gain for its best week in 14 years on news of new leadership, EVs, and next-gen batteries.
Lucid, Nikola, Lordstown Motors Suffer Underwhelming EV Production Numbers amid Macroeconomic Constraints
By
Tolu Ajiboye
EV makers Lucid, Nikola, and Lordstown saw their stock decline mostly owing to disappointing failures regarding their production figures.
Ford to Dismiss Almost 4,000 Employees as It Shifts to ‘Leaner’ Structure
Earlier this month, Ford reported mixed earnings results for Q4 2022, performing below analysts’ expectations.
Chinese EV Startup Zeekr Attains More Valuation than Xpeng
Zeekr is making frantic efforts to gain a good market share in the Chinese ecosystem.
Ford Reports Mixed Earnings Results for Q4 2022, F Shares Drop
Ford reported total revenues of $44 billion, thus a net income of about $1.3 billion for Q4 2022.
Ford Slashes Prices on Mustang Mach-E EV as Competition in Renewable Energy Automaking Space Heats Up
By
Tolu Ajiboye
Ford has reduced its Mustang electric vehicle prices and is driving up production to match Tesla’s announced lead.
Ford Doubles EV 2022 Sales and Becomes Second EV Maker in US behind Tesla
By
Darya Rudz
Ford increased its EV sales by 126% in 2022. Notably, its December sales were up as much as 223%, compared to December 2021. Currently, it is chasing Tesla to become the top EV producer in the US.
Microsoft to Invest $10M in Self-Driving Truck Startup Gatik
By
Tolu Ajiboye
Tech mainstay Microsoft looks to invest a substantial sum in Gatik to facilitate its self-driving ambitions further.
Ford Releases Underwhelming Q3 2022 Earnings Results, Records Net Loss of $827M
By
Tolu Ajiboye
According to the Ford Q3 2022 financial report, the company experienced a string of supply chain problems.
Ford Submits Trademark Applications Related to NFTs and Metaverse
Before Ford filed its trademark application relating to NFTs, Hyundai Motors also revealed intentions to issued NFTs.
F Stock Down 5%, Ford Eliminates 3,000 Jobs from Global Workforce
Like Ford, many companies have been cutting costs and lowering headcounts due to the ongoing market condition.