(RTTNews) - Ford and the BMW Group have expanded existing joint development agreements with Solid Power, producer of all solid-state batteries for electric vehicles, to secure all solid-state batteries for future electric vehicles. The companies are leading a $130 million funding
U.S. manufacturing activity grew at a slower pace in April, likely constrained by shortages of inputs amid pent-up demand unleashed by rising vaccinations and massive fiscal stimulus.
Ford Motor Co and BMW AG are leading a $130 million funding round in a solid-state battery startup, Solid Power, as carmakers push to lower the cost of electric vehicles by investing in the development of affordable but powerful rechargeable batteries, the companies said on Monday.
U.S automaker Ford Motor Co said on Monday it was scaling back production at its plants in Cologne and Saarlouis for the next few weeks due to a semiconductor chip shortage.
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The analysts covering Ford Motor Company (NYSE:F) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. Revenue and earnings per share (EPS) forecasts were both revised downwards, with the analysts se
Equity markets continue to race higher, with new all-time highs being hit seemingly every week. It's both a great time to be an investor, and a scary time to be deploying new cash. No one wants to invest at the top, but predicting the future is hard and it is unclear when that to
The United Auto Workers (UAW) union said Friday it wants tax incentives for electric vehicles (EVs) revised to require U.S. assembly for those vehicles to qualify.
I look at Ford's (NYSE: F) and Teladoc's (NYSE: TDOC) earnings in today's video. Here are three reasons these two stocks could be giving long-term investors a buying opportunity with their recent stock price dips.Three reasons Ford could be giving long-term investors a buying opp
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Electric-car company Tesla (NASDAQ: TSLA) has now produced a profit for seven consecutive quarters. Tesla managed a GAAP net income of $438 million in the first quarter, up from just $16 million one-year prior. It would appear, at least at first glance, that the electric-vehicle
Ford Motor Co. (F) is closing in on a licensing deal for Volkswagen AG’s electric car technology. According to Bloomberg, the US automaker plans to use the technology in a second model targeting the European market.
Bloomberg reports that an agreement for the use of the Volkswagen MEB technology could be struck in the next few weeks, citing unidentified sources. The automaker is to use the technology to develop an autonomous car in Cologne, Germany, however, details of the plans are yet to be released. Bloomberg confirmed that earlier this week, Ford announced its intentions to invest $300 million to build a light commercial vehicle in Romania, including an all-electric version.
“As we have said previously, there is the potential for a second all-electric vehicle based on the MEB platform to be built at Cologne, and that is still under consideration," said Ford Europe in a statement.
Under the stewardship of CEO Jim Farley, Ford has accelerated its electric vehicle plans in recent years. In 2018, it struck a strategic partnership with Volkswagen for the development of commercial vans. The partnership was later expanded to cover electric vehicles and self-driving technology.
As part of the push into the electric vehicle space, Ford has already announced plans to build a $185 million battery research lab. The Michigan lab is to be used to develop batteries and cells that are to power Ford’s electric vehicles. (See Ford stock analysis on TipRanks).
Following the release of 1Q 2021 financial results, Jefferies analyst Philippe Houchois reiterated a Buy rating on the stock and set a price target of $16. This implies approximately 42% upside potential to current levels.
According to the analyst, everything under the automaker's control turned out materially better, going by another EBIT surprise of $4.8 billion.
“Management committed to structurally lower dealer inventories in future but higher work-in-progress (incl buffer stocks). Semi-conductor shortage seen as critical test to review supply chains as industry moves to electrification and battery sourcing," Houchois stated.
Consensus among analysts on Wall Street is a Moderate Buy based on 8 Buys, 6 Holds, and 1 Sell rating. The average analyst price target of $13.40, implies 19% upside potential to current levels.
Ford scores 7 out of 10 on TipRanks’ Smart Score rating system, implying its performance is likely to align with market expectations.
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Ford Motor Co expects to firm up capital allocation plans for India in the second half of 2021, a senior executive said in an email to staff, as the automaker overhauls its strategy in a loss-making market.
On the same day that Ford Motor Co said it would be able to produce only half as many cars as planned due to a global chip shortage, Apple Inc announced blowout quarterly earnings as smartphone and computer sales soared, with the chip shortage having only a small impact on its business.
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