(RTTNews) - American carmaker Ford Motor Co. (F) has announced that it would begin manufacturing electric car parts in Europe at a cost of $315 million as it makes the move from traditional internal combustion engines to the electric zero emission vehicles.
Although the computer chip shortage wrecked third-quarter auto sales by causing third quarter auto sales to tumble, the market still finds an investment in Ford (NYSE: F) to be intriguing.
South Korean battery maker Samsung SDI Co Ltd and global automaker Stellantis NV have agreed to jointly produce electric vehicle (EV) batteries for the North American market, a person familiar with the matter said on Tuesday.
With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as it races to speed past the fossil-fuel car era.
Ford said on Monday it would invest up to 230 million pounds ($316 million) to build electric car components at its Halewood factory in northern England.
Michigan-based Our Next Energy, which is developing an advanced battery for electric vehicles, has raised $25 million from investors ranging from German automaker BMW to a clean technology venture firm headed by Microsoft co-founder Bill Gates, the young company said on Monday.
Ford (NYSE:F) and Tesla (NASDAQ:TSLA) are perhaps two of the best-known American automotive brands. Tesla is now the world’s most valuable automaker by far, valued at about $780 billion, or 19x trailing revenues, as investors are betting that the company’s early mov
While Tesla remains the frontrunner in the electric vehicle (EV) space, and may have the production lined up to continue flourishing as the market explodes, traditional automakers like Ford Motor Company (NYSE: F) aren't just idling, either. Long considered a slowly declining leg
Tesla's (NASDAQ: TSLA) headquarters move from California to Texas looks like a purely political move on the surface. However, there's a lot more going on with CEO Elon Musk and what Tesla is trying to accomplish long term, and politics isn't the real story. Fool.com contributors
U.S. automaker Ford Motor Co will temporarily suspend production on Friday at its Hermosillo plant in Mexico's Sonora state due to a shortage of materials, the plant's labor union said on Thursday.
Major automakers Ford (NYSE: F) and Honda (NYSE: HMC) both reported their September sales data on the same day, Monday, Oct. 4, and both showed startlingly similar trends. Both naturally showed a big negative effect from the ongoing chip shortage on sales. However, both also high
Geely and Volvo Car's joint Lynk & Co brand, which both sells and rents cars to customers on monthly subscriptions, could be profitable within one or two years, its CEO said on Thursday.
South Africa's biggest engineering union, NUMSA, has rejected a new wage offer as a national strike that has already hit output at car maker BMW enters its second week on Thursday, employer body SEIFSA said.
Investors in Ford Motor Co. (Symbol: F) saw new options begin trading today, for the April 2022 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 183 days until expiration the newly trading contracts repres
It's probably easier to list the industries that haven't been affected by the global computer chip shortage, but the automotive industry has been one of the most high-profile victims.
Asia-Pacific airlines have lost billions of dollars this year, with jets grounded in COVID-19 transportation freezes. Now, as some of the world's strictest pandemic-related travel rules begin to ease, they're ramping up flights and ticket offers.