Nasdaq F Ford

U.S. President Joe Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold in 2030 zero-emissions vehicles and will propose new vehicle-emission rules to cut pollution through 2026, the White House said.

U.S. President Joe Biden will sign an executive order on Thursday setting a target to make half of all new vehicles sold in 2030 zero-emissions vehicles and propose new vehicle emissions rules to cut pollution through 2026, the White House said.

U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.

Wall Street's main indexes closed mostly lower on Wednesday, with the S&P 500 falling from a record high hit a day earlier as data signaled a sharp slowdown in jobs growth in July, while General Motors tracked its worst day in more than a year despite a record pre-tax profit.

The S&P 500 slipped from a record high on Wednesday as data signaled a sharp slowdown in jobs growth last month, while General Motors tracked its worst day in more than a year despite a record pre-tax profit.

Detroit's Big Three automakers plan to announce on Thursday that they aspire to have 40% to 50% of new vehicle sales by 2030 be electric models as they call for billions in U.S. government assistance to meet aggressive targets, sources briefed on the matter said.

The S&P 500 fell from a record high on Wednesday as data signaled a slowdown in job growth last month, while General Motors tracked its worst day in more than a year despite a record pre-tax profit.

(RTTNews) - Ford Motor Co. (F) reported that its total U.S. sales for the month of July 2021 dropped 31.8 percent to 120,053 vehicles from 175,908 vehicles in the same month last year. Monthly retail sales were down 37.7 percent.

The NASDAQ 100 Pre-Market Indicator is down -8.89 to 15,052.53. The total Pre-Market volume is currently 20,919,647 shares traded.The following are the most active stocks for the pre-market session: Robinhood Markets, Inc. (HOOD) is +6.67 at $53.47, with 5,417,546 shares traded.

General Motors Co on Wednesday swung to a second-quarter profit from a loss last year when the COVID-19 pandemic shut operations and raised its full-year forecast despite an $800 million hit from the recalls of the Chevrolet Bolt electric vehicle.

General Motors (NYSE: GM) is often thought of as a "legacy" automaker, but the reality is that the company is making some big moves in the electric vehicle and autonomous transportation industries. In this Fool Live video segment, recorded on July 16, Fool.com contributors Matt F

Australia's consumer watchdog filed a court case on Wednesday against Mercedes-Benz for allegedly downplaying the severity of risks associated with using Takata air bags after deaths related to its usage prompted the country's biggest vehicle recall.

Are These The Top EV Stocks To Buy In The Market This Week? The stock market can be quite challenging as we try to anticipate the next big trend. Well, It is that time of the month again where electric vehicle (EV) stocks are gaining attention from investors. EV companies te

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(RTTNews) - Automakers in America and the United Auto Workers or UAW union said on Tuesday that they will once again make masks mandatory at all U.S. plants, offices and warehouses from Wednesday onwards. The Union is not asking for the workers to be vaccinated. This decisio

Nikola Corp on Tuesday halved its annual deliveries estimate and slashed its revenue forecast as supply chain issues drove delays in receiving certain parts, dragging the electric-truck maker's shares down 7.6%.

Detroit's Big Three automakers and the United Auto Workers (UAW) union said on Tuesday they will reinstate requirements to wear masks at all U.S. plants, offices and warehouses beginning on Wednesday but are not requiring workers to be vaccinated.

Even some of the manufacturers who were worst hit by the global semiconductor shortage have the chance for redemption. Unfortunately for auto producers, just as economies began to roar back to life, they were faced with another worldwide crisis. The Ford Motor Co. (F) was one of the most affected manufacturers, but that can also mean its future will look great in comparison. (See Ford stock charts on TipRanks)  

Ford’s June quarterly results and outlook were discussed by Michael Ward of Benchmark Co., who wrote that the company had beaten Wall Street’s consensus on earnings, as well as eased concerns about the shortage.  

Ward reiterated a Buy rating on the stock, and assigned a new price target of $18. This target is an upgrade from his previous $16, and now reflects a potential 12-month upside of 29.40%.  

The five-star analyst explained that despite Ford’s upbeat earnings, they were still lower than the previous quarter. Sales from North America and Ford Motor Credit (Ford’s financial services body) carried the earnings, with support from restructuring in South America and elsewhere.  

Regarding the chip shortage, Ward stated that Ford was able to mitigate costs and “prioritize mix to keep income positive.” From here on out, the analyst believes the issue will recover, or at least lessen in severity. The second half of FY21 may see a chip replenishment, which could signal strong upside for a hard-hit company like Ford.  

The improving global market is allowing for production to gain momentum, with Ford seeing strong orders for many of its new products, including the all-electric "Lightning" pickup truck. 

On TipRanks, F has an analyst rating consensus of Moderate Buy, based on 8 Buy and 5 Hold ratings, and 1 Sell rating. The average Ford price target is $16.24, suggesting a possible 12-month upside of 16.75%. Ford closed trading Monday at a price of $13.91 per share.  

Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. 

BMW and Stellantis became the latest major carmakers to warn on Tuesday that the global semiconductor chip shortage that has bedeviled the industry this year will drag on throughout 2021 and beyond, hitting production and sales.

By Stjepan KalinicThis article first appeared on Simply Wall St News.