Ford Motor (NYSE: F) said that its sales in China fell to 88,770 vehicles in the first quarter, down 34.9% from a year ago, as the COVID-19 outbreak clobbered demand in the world's largest new-vehicle market.
Canadian auto supplier Magna International Inc is planning for a return to production in North America on May 4, with a subsequent gradual increase in output as the industry recovers from the shutdown caused by the coronavirus pandemic, a top executive said on Wednesday.
What happened
Shares of Ford Motor Company (NYSE: F) were moving lower on Wednesday, following a new note from Goldman Sachs that expressed concerns about near-term cash burn and Ford's longer-term strategy around electric vehicles.
Shares of Tesla Inc surged 12% on Tuesday after Credit Suisse upgraded its rating on the electric carmaker and as Wall Street rallied on optimism the coronavirus outbreak was reaching a plateau.
Expanding its effort to protect healthcare workers in the fight against COVID-19, 3M (NYSE: MMM) is collaborating with Cummins (NYSE: CMI) to speed up production of high efficiency particulate filters to be used in 3M's powered air purifying respirators (PAPRs). Before the end o
The Dow and S&P 500 fell on Monday as U.S. companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher.
U.S. stocks fell in subdued trading on Monday after a strong rally last week, as U.S. companies prepared to kick off a widely expected painful quarterly earnings season due to the coronavirus pandemic.
Ford Motor Company (NYSE: F) said that it has designed a new powered air-purifying respirator (PAPR) to protect health-care workers and first responders, with help from 3M (NYSE: MMM).
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
U.S. stock markets slipped in subdued trading on Monday after a strong rally last week, as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.
The iShares MSCI USA Equal Weighted ETF is seeing unusually high volume in afternoon trading Monday, with over 2.2 million shares traded versus three month average volume of about 56,000. Shares of EUSA were down about 2.2% on the day.
What happened
Shares of General Motors (NYSE: GM) were down on Monday after rival Ford Motor Company (NYSE: F) warned that it will post a loss for the first quarter and that it doesn't expect to reopen its idling factories soon.
Wall Street's main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.
Wall Street's main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.
The underlying premise sounds reasonable enough: Encourage consumers to buy new cars with generous subsidies to sell their older ones, and as a result, you'll give the U.S. economy a much-needed shot in the arm. From that perspective, the recently floated idea has plenty of supp
The Motley Fool
Checked
11 minutes 9 seconds ago
This feed is responsible for generating the rss feed related to the topic F