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The Latest Breaking News from Ford Motor Co

Barclays Downgrades Ford, Cuts Price Target By 26%

Barclays analyst Brian Johnson downgraded Ford Motor Co (NYSE:F) to Equal Weight from Overweight with a price target of $17, down from $23, implying a 10.39% upside. Johnson said that the investors underestimated the risk of inflation, production pressure, and the impact of interest rate hikes in the auto and auto parts sector. The analyst…

Benzinga

Ford Mustang Mach-E EV Sales Jump Sequentially In March, Even As Numbers For Gas-Powered Version Drop

Ford Motor Co (NYSE: F) on Wednesday reported a sequential jump in Mustang Mach-E sales in March, even as gas-powered versions of the vehicles dropped significantly amid semiconductor shortages and production halts.

Benzinga

Ford March US Sales Decline 25%

Ford Motor Co (NYSE:F) reported a 25.6% slump in sales in the U.S. for the month of March. The company sold 159,328 units in March versus 214,236 units last year. Retail sales declined 30.1% year-over-year. The F-series retail orders jumped to 50,000 in March versus 12,000 last year. Electric vehicles sales grew 16.9%…

Benzinga

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Ford sales plummet 25.6% in March, decrease 17.1% for the quarter

Sales of Ford Motor Co. vehicles fell by 25.6% year-over-year in March, capping a 17.1% decrease for the first quarter of 2022 and joining other automakers whose sales were hit by low inventory from a global semiconductor shortage.

Tribune News Service

Ford Recalls Vehicles Over Fire Risk: Reuters

Ford Motor Co (NYSE:F) recalled 737,000 vehicles in the U.S. over fears of oil leaks and software error, Reuters reported. The automaker recalled 345,451 of its 2020-2022 Ford Escape and 2021-2022 Ford Bronco Sport vehicles with 1.5L engines. The report noted that the company fears that the engine oil separator housing could…

Benzinga

'God, We Were Lucky': Ford CEO Shares Family Tidbit About Chris Farley And 'Tommy Boy'

“We’re family, we’re gonna be doing lots of dumb stuff together. Wait ‘til Christmas!” Released in 1995, “Tommy Boy” wasn’t a huge hit at the box office (although it was profitable) or with critics. The movie garnered a cult-like following and is one of the most quotable movies of the 1990s…

Benzinga

Change is coming: What Ford's restructuring means for its dealer network

Ford Motor Co.'s move to split its legacy internal combustion engine and growing electric-vehicle businesses into separate units means drastic changes for its network of some 3,000 U.S. dealers — changes that are prompting both concern and optimism as both sides begin to hammer out details.

Tribune News Service

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Why Ford And GM Are Suspending Production At Two Michigan Plants Next Week

Ford Motor Co (NYSE: F) and General Motors Co (NYSE: GM) are going to suspend production next week at a Michigan plant, Reuters

Benzinga

Auto supply woes: GM, Ford face production hits next week

Both General Motors Co. and Ford Motor Co. are working through supply issues causing them to halt production at some plants next week.

Tribune News Service

Ford 'Rebrands' And 'Repositions' Unit To 'Incubate' New Business Ideas Around Autonomous Vehicles, New Tech

Ford Motor Co (NYSE: F) has “rebranded and repositioned” a company unit to boost the development of autonomous vehicles and foster new technology businesses, Bloomberg News

Benzinga

Apple's EV Map Routing Feature Finally Comes To Ford Mustang Mach-Es

Ford Motor Co (NYSE: F) said on Monday Apple Inc’s (NASDAQ: AAPL) electric vehicle routing feature for Apple Maps is now available on its Mustang

Benzinga

Ford To Idle Production At Some Plants In Europe Due to Chip Shortage, Russia-Ukraine War

Ford Motor Co’s (NYSE: F) vehicle production and orders have been hit in Europe due to the ongoing global semiconductor shortage and Russia’s invasion of Ukraine, Reuters

Benzinga

Why Ford Appears To Be Heading Back To $20 And How To Catch The Move

Ford Motor Co (NYSE: F) opened flat on Monday, rose up slightly and then ran into a group of sellers who knocked the stock down almost 3% by early afternoon.

Benzinga

Ford releases final EPA-estimated battery range for F-150 Lightning ahead of launch

Ford Motor Co.'s all-electric F-150 Lightning will launch this spring with a battery range of between 230 miles and 320 miles on a single charge, the Dearborn, Michigan automaker said Monday after completing final Environmental Protection Agency testing.

Tribune News Service

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Benzinga

Ford Turns To Europe For EV Expansion: To Launch 7 Models In 2 Years, Targets Selling Over 600,000 Units By 2026

Ford Motor Co (NYSE: F) on Monday revealed plans to launch seven new electric vehicle models in Europe by 2024 and achieve sales of 600,000 EV units a year by 2026.

Benzinga

Ford Ties Up With PG&E To Pilot Bidirectional EV Charging As Power Source For Homes

Ford Motor Co (NYSE: F) is partnering with PG&E Corp (NYSE: PCG) to introduce a bidirectional charging feature in its electric vehicles, Reuters

Benzinga

EXCLUSIVE: Ford Says Hedged Against Nickel Supplies For 'Next Few Years' To Support 'Ambitious EV Goals'

Ford Motor Co (NYSE: F) told Benzinga on Thursday it is hedged against rocketing nickel prices for a few years, helped by supply contracts for the key material used in making electric vehicle batteries.

Benzinga

Russia-Ukraine Crisis Could Dampen EV Ambitions Of Tesla, Ford And Others: FT

Russia's attack on Ukraine has highlighted concerns about oil dependency and petrol prices just as EV manufacturers look to deliver a wide range of greener cars, Financial Times reports. Ukraine is a significant producer of the miles of cables and connectors that power many cars' electrical systems. Russia's importance as the…

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Benzinga

Ford Pro Unveils New Suite Of Commercial Chargers For EV Customers

Ford Motor Co's (NYSE:F) Ford Pro has launched commercial chargers as an addition to its end-to-end commercial charging solutions portfolio. The company unveiled six new scalable Level 2 AC and Level 3 DC fast chargers ranging from 11.5- kilowatts to 180 kilowatts equipped with easy connectivity to smart charging software. Ford Pro also offers customers…

Benzinga

Verisk Partners With Ford To Expand Telematics Solutions Into Europe

Verisk Analytics Inc (NASDAQ:VRSK) has partnered with Ford Motor Co (NYSE:F) to offer standardised, insurance-ready connected car data in Europe. The data will help insurers assess driving behavior, develop usage-based insurance programs, and potentially reward customers who drive safely with discounted rates. The agreement gives Verisk license to supply connected car data to insurers in…

Benzinga

REV Group Delivers All-Electric, Zero-Emission Ambulance To DocGo

REV Group Inc (NYSE:REVG) delivered an all-electric, zero-emission ambulance to DocGo, a provider of last-mile mobile health services and integrated medical mobility. Manufactured at Leader Emergency Vehicles in South El Monte, California, the ambulance has the potential to lower patient transportation costs. Ford Motor Co (NYSE:F) Ford Transit T350 Type II ambulance chassis…

Benzinga

Ford Christens EV Unit As Model e — A Name Elon Musk Was After For Tesla Sedan In 2014

Ford Motor Co (NYSE: F) on Wednesday revealed plans to use Model e as the name of its electric vehicle unit, eight years after the legacy automaker cut short Tesla Inc’s (NASDAQ: TSLA)

Benzinga

Ford Mustang Mach-E Sales Nearly Halve In February, Mark Bigger Drop Than Gas-Powered Version

Ford Motor Co’s (NYSE: F) Mustang Mach-E sales nearly halved in February, the automaker’s monthly sales data showed on Wednesday, posting a bigger drop than its gasoline counterpart.

Benzinga

Ford Reportedly Set To Announce Separation Of Electric Vehicle Unit Today

Ford Motor Co (NYSE: F) will announce the separation of its electric vehicle (EV) and internal-combustion engine (ICE) businesses on Wednesday, Reuters

Benzinga

Ford's Stock Holds This Bullish Pattern Despite Ongoing Chip Shortage: What's Next?

Ford Motor Co (NYSE: F) was down more than 5% Tuesday morning

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