Ford Motor Co is recalling 661,000 Explorer sport utility vehicles in North America at the request of U.S. regulators because retention pins could loosen and allow roof rail covers to detach from the vehicle.
U.S. auto parts suppliers warned of more production cuts at major automakers as a global semiconductor chip shortage worsens before easing in the second half of the year and aiding in a partial recovery of lost sales.
The U.S. auto industry and United Auto Workers union on Friday urged Congress to tie billions of dollars in government funding to boost semiconductor production to the needs of automakers forced to slash production because of chip shortages.
U.S. auto parts maker Lear on Friday reported a better-than-expected first-quarter profit and raised its full-year outlook, helped by robust demand in key markets such as China, which is leading the sector's recovery from the COVID-19 crisis.
Rising demand for lithium is stoking prices for the electric vehicle battery metal, fueling long-delayed expansions that still may not produce adequate supplies that automakers need to meet aggressive production plans.
Tesla (NASDAQ: TSLA) shares fall despite record profits in the first quarter. UPS (NYSE: UPS) hits an all-time high after a monster first-quarter report. Crocs (NASDAQ: CROX) pops nearly 20% after raising full-year guidance on the heels of record revenue in Q1. In this episode of
Investors in Ford Motor Co. (Symbol: F) saw new options become available today, for the June 25th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the F options chain for the new June 25th contracts and identified one put and one call contr
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell Mid-Cap Value ETF (Symbol: IWS) where we have detected an approximate $184.4 million dollar outflow -- that's a 1.3% decrease week o
Ahead of its merger with special-purpose acquisition company (SPAC) Churchill Capital IV (NYSE: CCIV), Lucid Motors announced on Wednesday that it had tapped a new CFO to help take the nascent electric vehicle (EV) maker public. Lucid continues to beef up its senior management te
Auto parts maker Aptiv Plc on Thursday reported better-than-expected quarterly profit, helped by higher demand for vehicles as more people prefer using personal transport for safety reasons during the COVID-19 pandemic.
Ford Motor Company (NYSE: F) said on Wednesday that it will suspend production at several of its factories, including the Detroit-area plant that builds the profitable Ranger pickup and (soon) the Bronco SUV, as it works through a worsening global shortage of automotive-grade sem
Auto parts maker BorgWarner on Wednesday posted a better-than-expected quarterly profit, and raised its full-year outlook, even as top customer Ford Motor warned about a production hit due to a global semiconductor chip shortage.
Some critical industries could suffer if the U.S. government uses a national security law to redirect scarce computer chips to the auto industry, a senior administration official told Reuters.
The U.S. Commerce Department is pressing Taiwan Semiconductor Manufacturing Co Ltd and other Taiwanese firms to prioritize the needs of U.S. automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said on Tuesday.
Reuters
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