Nasdaq F Ford

BMW, Daimler and Ford have set up facilities in China to store data generated by their cars locally, they told Reuters, as automakers come under growing pressure in the world's biggest car market over how they handle information from vehicles.

Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters.

What happened Shares of Ford Motor Company (NYSE: F) were moving higher on Thursday, after Wall Street reacted positively to Ford's Wednesday briefing on its electric-vehicle (EV) and business plans.

In early trading on Thursday, shares of Ford Motor topped the list of the day's best performing components of the S&P 500 index, trading up 5.7%. Year to date, Ford Motor registers a 67.1% gain.

BMW, Daimler and Ford have set up facilities in China to store data generated by their cars locally, they told Reuters, as automakers come under growing pressure in the world's biggest car market over how they handle information from vehicles.

The NASDAQ 100 Pre-Market Indicator is down -46 to 13,656.74. The total Pre-Market volume is currently 16,741,781 shares traded.The following are the most active stocks for the pre-market session: AMC Entertainment Holdings, Inc. (AMC) is -0.86 at $18.70, with 7,268,257 shares t

Ford Motor Company (F) a global automobile company announced plans to ramp up investment in the Electrical Vehicle segment to a massive $30 billion by 2025. Shares jumped 8.6% to close at $13.90 on May 26.

As part of the Ford+ plan discussed at the investor day event, the company announced an increase in EV spending to $30 billion from the earlier stated budget of $22 billion.

The company projects 40% of its global vehicle sales to be all-electric by 2030, including the Mustang Mach-E, which accounts for approximately 70% of new sales, and the newly launched electric F-150 Lightning, which has around 70,000 customer reservations since its unveiling last week. (See Ford Motor stock analysis on TipRanks)

The event also saw the launch of Ford Pro, a vehicle services and distribution business dedicated to the high productivity requirements of commercial and government customers. Additionally, Ford hopes to have about 1 million vehicles that are capable of receiving over-the-air system updates on the road by the end of the current year. The company also provided a projected revenue forecast of $45 billion by 2025, and an adjusted EBIT margin forecast of 8% in 2023.

Ford’s CEO Jim Farley said, “I’m excited about what Ford+ means for our customers... We will deliver lower costs, stronger loyalty and greater returns across all our customers.”

Farley added, “This is our biggest opportunity for growth and value creation since Henry Ford started to scale the Model T, and we’re grabbing it with both hands.”

Following the company’s ramped-up electrification announcement, Wells Fargo analyst Colin Langan reiterated a Buy rating on the stock and said that the company’s EBIT forecast of 8% by 2023 is "a modest positive surprise," and added that he was happy with "still more positive EV surprises today with the 40% all-electric target by 2030 and increased EV spend" along with the other recent EV announcements.

The Wall Street community is cautiously optimistic about the stock with a Moderate Buy consensus rating. That’s based on 9 Buys, 5 Holds, and 1 Sell. The average analyst price target of $14.18 implies 2% upside potential to current levels. Shares have gained 130.5% over the past year.

Ford scores a “Perfect 10” from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.

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Dozens of workers staged a lunchtime sit-in protest on Thursday at Ford Motor Co's plant in India's Tamil Nadu state, demanding paid leave and health benefits, three sources familiar with the matter said, as the country battles the coronavirus.

Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters.

The U.S. Senate Finance Committee advanced legislation on Wednesday that would boost electric vehicle tax credits to as much as $12,500 for EVs that are assembled by union workers in the United States.

(RTTNews) - Michigan-based auto giant Ford Motor Co. (F) is targeting to generate 40% of its sales through electric vehicles by 2030. For that, the company has decided to increase its investment in the project to $30 billion.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

The stock market was generally strong on Wednesday, with a decided preference for more aggressive small companies over their larger counterparts. That was plainly obvious in how the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) settled for small

U.S. stocks closed out Wednesday's session with modest gains as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

U.S. stocks closed out Wednesday's session with modest gains as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.

U.S. stocks edged higher on Wednesday as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.

What happened Shares of Ford Motor Company (NYSE: F) were trading sharply higher on Wednesday, after the company shared details of its electric vehicle and profit growth plans at a morning-long event for investors and analysts.

U.S. stocks rose marginally on Wednesday after remarks from Federal Reserve officials helped ease worries about higher inflation, while a recent dip in bond yields supported tech-related stocks.

In early trading on Wednesday, shares of The Gap topped the list of the day's best performing components of the S&P 500 index, trading up 5.3%. Year to date, The Gap registers a 70.4% gain.