|Day's Range||1.9400 - 1.9400|
The clock has run out on President Donald Trump's "Section 232" tariffs on imports of foreign-made cars and auto parts, after he failed to announce a decision by a self-imposed deadline, trade law experts say. The U.S. administration may have to find other means if Trump wants to tax European or Japanese car imports, a key part of the U.S. president's pledge to make America's trade relationships more fair, the experts say. Section 232 of that act lays out how a U.S. president can tax specific imports if the Department of Commerce deems them a threat to national security.
One of the most basic but useful metrics a stock trader can watch is daily trading volume. Volume is simply the total number of shares that change hands in a given time period. Essentially, volume is an ...
Tesla Inc (NASDAQ: TSLA) is gearing up to unveil what CEO Elon Musk calls its “best product ever” Thursday night in Los Angeles. The electric pickup truck, or cybertruck, as Musk calls it, is claiming related IP rights. Musk has described the futuristic Cybertruck as “Blade-Runner-esque” or like “an armored personnel carrier from the future.” It’s a feature that may not fly among consumers accustomed to traditional Ford Motor Company (NYSE: F) or General Motors Company (NYSE: GM) rides.
The California government will bar all state agencies from purchasing any further vehicles from these companies, the New York Times reported. “Carmakers that have chosen to be on the wrong side of history will be on the losing end of California’s buying power,” Gov. Newsom said in an official statement on Monday, according to the New York Times. The automakers that intervened on President Trump’s behalf in October against a lawsuit filed by environmentalists included General Motors Company (NYSE: GM), Toyota Motors Corporation (TYO: 7203), and Fiat Chrysler Automobiles NV (OTC: FCAU) among other major companies, Reuters reported at the time.
Trucks aren’t cars. That much investors already know. But just how Tesla’s “cyberpunk” truck will compete with truck incumbents such as Ford and General Motors is anyone’s guess.
California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota, Fiat Chrysler and other automakers backing U.S. President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions. Last month, GM, Toyota, Fiat Chrysler and members of the Global Automakers trade association backed the Trump administration's effort to bar California from setting its own emission standards, which are significantly stricter than the Trump Administration proposal's preferred option.
Ford's (F) next SUV, Mustang Mach-E, will be available in standard and extended-range battery variants with either a rear-wheel or an all-wheel drive.
Ford's new all-electric Mustang is a crossover SUV that the company hopes is as fun to drive as a muscle car. It's an existential crisis on wheels.
The future of Ford Motor Company has finally arrived, with the company’s first mass-produced all-electric vehicle debuting in an airport hangar across the street from Tesla headquarters.
Ford finally lifted the curtain on its Mustang Mach-E, with its first all-electric SUV turning heads on Sunday at the Los Angeles Auto Show press days. And Elon Musk seems to be genuinely happy for the company.
Ford v Ferrari, which dominated the U.S. theatrical box office this week, tells the story of a 1966 competition. Ford, it seems, is now eager to start a new competition with another high-end maker of luxury vehicles: Tesla.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. Ford Motor Company (NYSE: F) announced it would build its new 2021 Mustang Mach-E full-electric sport utility vehicle at a plant in Mexico, according to Reuters.
Ford customers can now visit the Mustang Mach-E reservation site to reserve their spot in line for the latest addition to the Mustang family.
(Bloomberg) -- Ford Motor Co. is reinventing one of its marquee models -- the Mustang muscle car -- as a battery-powered crossover to become a player in the electric-vehicle market that is expected to take off in the coming decade.In a splashy ceremony Sunday ahead of the Los Angeles Auto Show, the carmaker unveiled the Mustang Mach-E, a swoopy hatchback with distinctive pony-car haunches and familiar shark nose that it claims has the power to take on Porsche. When it goes on sale next fall, Ford hopes to convince mainstream buyers its electrified Mustang is an alternative to the Tesla models dominating the EV market.And Ford, which exited the battery-car business last year when it pulled the plug on its slow-selling Focus EV, is betting it’s cracked the code on turning a profit on plug-ins. By building the Mach-E in Mexico, where labor costs are low, and with a price starting at $43,895, the automaker says it will avoid the losses automakers typically suffer selling high-cost EVs.The company is even considering making the car in China, depending on how the trade war plays out, Ford Chief Executive Officer Jim Hackett told Bloomberg News. Read more: Ford May Make New Electric Mustang Mach-E in China (1)The Mach-E will make a profit “on vehicle one,” he said in a Bloomberg TV interview. “That’s surprising a lot of people because electrics have not had a history of making money. This will.”Hackett said it will turn a profit because the vehicle “creates the passion that follows with Mustang” and prices start in the mid-$30,000 when U.S. subsides on electric cars are factored in. “So it’s attractive to customers.”Ford is building it in Mexico because it had an open factory there and it needed to be overhauled to build an electric vehicle, Hackett said. “As we start to adopt more electric vehicles — we had capacity down there, we had no capacity in the United States — we’re going to have electric capacity here in the United States. They’ll be building other electric platforms.”Still, it’s a high-risk gambit. The Mustang is Ford’s signature sports car, having sold more than 10 million units since it debuted in 1964 with simultaneous cover stories in Time and Newsweek. When Ford decided to abandon the traditional passenger-car business last year, it spared only one model: The Mustang.New ConfigurationFor more than half a century, the Mustang has embodied high-octane power and unbridled strength. And Ford will continue to make gasoline-fueled versions of the classic muscle car.The Mach-E is not only the first electric version of the Mustang, it’s also the first time it has been configured into a sport utility vehicle. That will test the elasticity of a brand built on low-slung speedsters.“Calling this a true sports car would be stretching it,” said Jeff Schuster, senior vice president of forecasting for researcher LMC Automotive. “The market obviously has gone in the direction of the SUV body type, that’s what’s selling. But the Mustang is not an SUV. It’s been a sports car.”Ford, having struggled to sell more mundane electric cars, is embarking on a strategy to electrify its icons, starting with the Mustang and following quickly thereafter with a plug-in version of its top-selling F-150 pickup. It is part of $11.5 billion the automaker is investing to roll out 40 electric and hybrid vehicles by 2022. The idea is to show that Ford’s EVs can be fast and tough and are not just “compliance cars” intended to meet more stringent environmental regulations around the world.“We changed our whole strategy two years ago,” Ted Cannis, Ford’s global head of electrification, said at a briefing on the Mach-E at the company’s design studios in Dearborn, Michigan. “We said, ‘Let’s play to our strengths -- performance vehicles, pickups, vans, SUVs, the things Ford knows how to do.’”EV GrowthRegulations to curb emissions will drive demand for electric vehicles over the next decade, especially in China, the world’s largest auto market. In the U.S., where President Donald Trump has eased fuel economy rules, EV growth will be slower, but still strong. Sales of battery-powered vehicles will quadruple by 2025 to 809,537 models, accounting for 4.8% of the U.S. auto market, up from 1.3% now, according to LMC Automotive.New electric offerings will mushroom to 110 choices in the U.S. by the middle of next decade, from just 19 now, LMC predicts. Standing out in such a crowded field will be difficult, especially for Ford, which ranked fifth behind Toyota, Tesla, Honda and Nissan among consumers surveyed recently by CarGurus on which brand of electric vehicle they would consider buying.That’s a key reason Ford decided to affix the Mustang pony to the front of the Mach-E, which originally was conceived in 2017 as merely inspired by the sports car. But as Ford executives were shown design concepts by the small team working on the project, they kept asking for more Mustang influence. By early last year, the decision was made to call it a Mustang.Design Pressures“This had massive implications,” said Jason Castriota, brand director of battery-electric vehicles for Ford. “You can only imagine the amount of tension and strife this brought through the company.”That pressure was most acute on the engineers, who had to come up with a way to translate fossil-fuel fury into clean-running power from lithium-ion batteries.“When we realized we weren’t really doing a Mustang-inspired thing, we were doing a Mustang, the pressure ratcheted up,” said Ron Heiser, the Mach-E’s chief engineer. “We’ve got a lot of people in this company that are staking their engineering reputations that we’re delivering a Mustang.”Electric motors have some inherent advantages, such as immediate thrust. Heiser’s engineers placed them between the wheels fore and aft, which, combined with batteries configured like a skateboard beneath the car, create an even weight distribution. That allows the car to ride low and hug the road like a Mustang.Heiser says the base all-wheel-drive Mach-E can beat a Porsche Macan SUV from zero to 60 miles per hour, and he claims the 450-horsepower GT version comes “very, very close” to a Porsche 911 GTS. For those who miss the roar of a big V8, he says the Mach-E will have tunable technology to create an “authentic” sound.‘Back in the Game’The focus on performance should make the Mach-E “a more compelling alternative” to Tesla’s similarly priced Model 3 sedan, Dan Levy, a Credit Suisse analyst, wrote in a Nov. 14 report. “The ultimate proof point of its success will be if it can truly take battery electric vehicle share from the Model 3 -- far from guaranteed.”Ford won’t say how many Mach-Es it expects to sell annually, but it will be the only model built at the 4.3 million square foot factory in Cuautitlan, Mexico, that most recently was cranking out more than 100,000 Fiesta subcompacts a year.LMC Automotive predicts the Mustang Mach-E will top out around 50,000 sales annually by 2021.“This is the first step in getting back in the game for Ford, after being viewed as behind in this space,” Schuster said. “They need to have a solid launch with no quality issues and, from a driving standpoint, it has to live up to the name.”(Updates with detail on possible China production in third paragraph.)\--With assistance from Ed Ludlow and Will Davies.To contact the reporter on this story: Keith Naughton in Southfield, Michigan at firstname.lastname@example.orgTo contact the editors responsible for this story: Craig Trudell at email@example.com, Kevin MillerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investing.com - U.S. futures pointed to a higher opening Monday, as positive chatter on the trade front helped boost investor confidence.
The Mustang Mach E electric sport utility vehicle Ford Motor Co unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that has been marred by profit warnings, costly quality problems and the troubled launch this year of another important vehicle, the Ford Explorer sport utility. For Chief Executive Jim Hackett, the Mach E's aggressive design and futuristic interior represent a long-awaited, visible sign of the overhaul of the company's product creation process he has tried to explain to skeptical Wall Street analysts for the past two years.
Ford is unveiling its first all-electric SUV, marking the start of an avalanche of battery-powered vehicles coming from mainstream and luxury automakers during the next two years that industry analysts say will boost electric vehicle sales.
The Mustang Mach E electric sport utility vehicle Ford Motor Co unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that has been marred by profit warnings, costly quality problems and the troubled launch this year of another important vehicle, the Ford Explorer sport utility. For Chief Executive Jim Hackett, the Mach E's aggressive design and futuristic interior represent a long-awaited, visible sign of the overhaul of the company's product creation process that he has tried to explain to skeptical Wall Street analysts for the past two years.
Nov.19 -- Ford unveils the Mustang Mach-E, a battery-powered crossover designed as an alternative to Tesla models dominating the EV market. The car was revealed Sunday ahead of the Los Angeles Auto Show.
It will be sacrilege to traditionalists. There wasn't a rumbling V8 engine in sight when Ford unveiled a new electric version of its Mustang late Sunday (November 17). The new version is also an SUV, not a sportscar. Dubbed the Mustang Mach E, it's a big test for Ford. Its turnaround efforts have been marred by profit warnings and quality problems. Asked if the company could make money with the new car, Chairman Bill Ford was bullish: (SOUNDBITE) (English) BILL FORD, EXECUTIVE CHAIRMAN OF FORD MOTOR COMPANY: "This vehicle will be profitable from the start. And so yes we can. Now the customers over time will tell us what they prefer. And we will let them lead us to ultimately what they desire." The Mustang brand has a long association with the movies. Think Steve McQueen tearing round San Francisco in Bullitt. On Sunday a new-generation star was on hand. But British actor Idris Elba said it was more than just another corporate gig for him: (SOUNDBITE) (English) IDRIS ELBA, ACTOR, ON HIS PARTNERSHIP WITH FORD, SAYING: "Listen, I used to work for Ford. My dad worked for Ford as employees. I did two years on the night shift. When they were launching this car, the legacy of a Mustang, the fact that it's an all electric car, it felt like a natural place for me to jump into the endorsement area of working with a car." The Mach E will start at about 43 thousand dollars. That's likely to put it in direct competition with Tesla's upcoming compact SUV - the Model Y. As for any customers missing an engine growl, Ford has a solution. The Mach E can generate noise in three modes - Whisper, Engage and Unbridled.
Nov.18 -- Ford has unveiled the Mustang Mach E, an all-electric SUV and next generation of the iconic mustang brand. Bloomberg’s Ed Ludlow reports from Los Angeles.
Nov.18 -- Ford Motor Co. Chief Executive Officer Jim Hackett says the Mustang Mach E, an all electric sports utility vehicle, will be profitable from the first car. Hackett spoke to Bloomberg’s Ed Ludlow at the Mach E unveil event in Los Angeles.