F - Ford Motor Company

NYSE - NYSE Delayed Price. Currency in USD
9.17
+0.07 (+0.77%)
At close: 4:04PM EDT
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Previous Close9.10
Open9.13
Bid9.17 x 34100
Ask9.18 x 42300
Day's Range9.11 - 9.30
52 Week Range7.41 - 10.56
Volume37,164,092
Avg. Volume36,905,223
Market Cap36.587B
Beta (3Y Monthly)0.97
PE Ratio (TTM)16.98
EPS (TTM)0.54
Earnings DateOct 23, 2019
Forward Dividend & Yield0.60 (6.59%)
Ex-Dividend Date2019-07-22
1y Target Est10.73
Trade prices are not sourced from all markets
  • In Strike at GM, Old Grievances Get Retooled for a New Era
    Bloomberg

    In Strike at GM, Old Grievances Get Retooled for a New Era

    (Bloomberg) -- As the United Auto Workers strike against General Motors Co. nears a second week, the issues in dispute are similar to those that sparked strikes in the past: health care, wages and the company’s commitment to invest in U.S. facilities. The conflicts stretch all the way back to Dec. 30, 1936, when GM employees — led by UAW Local 174 President Walter Reuther — stopped production at plants in Flint, Michigan, and Cleveland. They were protesting low wages and conditions that included 12- to 14-hour shifts, six days a week, often in oppressive heat on fast-moving assembly lines. But instead of walking out, they sat down in the factories, and there they stayed for 44 days.In the ensuing eight decades, there would be dozens of contract negotiations, concessions on both sides and strikes — including the current one that’s sent 46,000 GM workers to the picket lines for the first time in 12 years. Here’s a look back at some of the actions that set precedents in the past.1937: On Feb. 11, 1937, the sit-down strikes end as GM becomes the first of Detroit’s Big Three automakers to recognize the UAW as the representative of its manufacturing employees. The first contract provides higher wages and improved conditions in the plants. Chrysler also recognizes the UAW after a sit-down strike at its Detroit plants.May 1937: Trying to organize workers at Ford Motor Co., Reuther and other UAW supporters pass out leaflets on a pedestrian bridge leading to the company’s River Rouge complex in Dearborn, Michigan. Ford security men attack and beat them in a confrontation that becomes known as the Battle of the Overpass. Pictures of the attack by a Detroit News photographer, who smuggles them past the security guards, help spur support for the union, but Henry Ford balks at recognition.April 1941: A strike at the River Rouge plant halts operations for 10 days. Henry Ford's wife, Clara, helps persuade him to negotiate with the UAW, and the first contract is signed in June.1945-46: Reuther, now a UAW vice president and head of the GM Department, wants a 30% pay increase to help workers in the aftermath of World War II. He also wants GM to implement the raise without increasing vehicle prices. The company says no, so Reuther demands that it “open its books” to show it can afford both. GM refuses again and offers the equivalent of a 10% raise, with higher prices. The union rejects the offer and on Nov. 21, 1945, begins what will be a 113-day national strike. President Harry Truman appoints a board to make recommendations based on postwar wage-price policy; the panel says GM can boost pay by 19.5 cents an hour, or about 17.5%, without raising prices.Ultimately, the company and union agree on an 18.5 cent-a-hour increase. While this is well below Reuther’s 30%, the negotiations are “extraordinarily significant,” says Harley Shaiken, currently a labor professor at the University of California, Berkeley, because Reuther puts GM on the defensive and “captures the imagination of the public,” setting the stage for more favorable contracts in 1948 and 1950.1946: UAW members elect Reuther to be the fourth president of the union.1948-50: In 1948, GM agrees to increase wages, with future adjustments based on changes in the government’s consumer price index and in national productivity — a deal the New York Times says may set a “pattern for the industry.” A year later, Ford becomes the first U.S. automaker to negotiate a pension plan with the UAW as part of a 30-month contract: $100 a month for each eligible worker. Ford agrees to pay the cost and to administer the plan jointly with the union. Chrysler agrees to the $100 benefit during contract talks but refuses to pay for it until after a strike in 1950 that lasts about 100 days.The Chrysler agreement covers three years; GM and the UAW will later negotiate a five-year pact that includes a pension plan, along with new and improved medical and other benefits. The provisions in what will be known as the Treaty of Detroit do set the tone for industry contracts for the next 30 years.1970: Reuther dies in an airplane crash on May 9, and Leonard Woodcock becomes the fifth UAW president. In September, he leads a strike against GM that lasts for 67 days, stopping production across the automaker’s facilities. The final contract includes higher wages, a plan that allows workers to retire with a pension after 30 years and payment of drug and Medicare costs for retirees. 1977: Douglas Fraser becomes the last of the UAW's founding fathers to serve as president.1979: UAW membership begins to decline after peaking at around 1.5 million in the 1970s.1979-81: Fraser leads negotiations with Chrysler on wage and benefit concessions that — along with loan guarantees from the U.S. government and help from lenders, dealers and suppliers — allow the automaker to avert bankruptcy, “We went to the membership for ratification three times in 13 months, and each contract was worse than the previous one,’’ Fraser said in a 2001 BusinessWeek interview. “We really didn't know if [Chrysler] was going to survive.”Ford and GM also will ask for concessions in the 1980s, as Japanese auto companies take an increasing share of U.S. car sales and the UAW’s focus in contract negotiations shifts to job security. Meanwhile, the UAW organizes a new Volkswagen assembly plant in Westmoreland, Pennsylvania, that produces small cars. (Slowing sales will cause Volkswagen to close the factory in 1988.)1982: Honda Motor Co. opens the first Japanese-owned auto plant in the U.S. to build Accord cars. The UAW reaches an agreement with management that the company will remain neutral on a possible unionization vote at the Marysville, Ohio, factory.1983: Owen Bieber becomes the seventh UAW president and seeks more labor-management cooperation with the Big Three.1985-86: The Canadian branch of the UAW secedes from the parent union in anger over concessions to GM, Ford and Chrysler. The UAW withdraws its National Labor Relations petition for a unionization vote at Honda's Ohio plant.1995: Stephen Yokich, a strike leader whose mother famously pushed his stroller on a picket line when he was 22 months old, becomes the eighth UAW president.1998: As the auto industry becomes increasingly global, and companies seek to better manage parts inventories to contain costs, more than 9,000 workers strike a GM metal-stamping plant and a parts-supply facility in Flint, Michigan. The ripple effect of the more-than-50-day work stoppage eventually halts output across the automaker's North American operations, cutting $1.2 billion from GM’s profits, the company says in reporting third-quarter results.  2002: Ron Gettelfinger is elected the ninth UAW president.2005-11: Turmoil roils the industry: the Great Recession, soaring gasoline prices, car sales near a 30-year low, plant closings, layoffs, bankruptcies and government bailouts at GM and Chrysler, along with a drastic restructuring at Ford. The 2007 contracts create a two-tier wage system that pays new hires about half what more senior employees earn and shifts billions of dollars in retiree health-care obligations from the auto companies to union-run funds. In 2011 negotiations, Bob King, elected the UAW’s 10th president the previous year, says workers must be rewarded for the $7,000 to $30,000 each gave up since 2005 in surrendering raises, bonuses and cost-of-living adjustments, along with other concessions. The final agreements provide signing and additional bonuses, higher hourly pay for entry-level employees and other benefits. GM, Ford and Chrysler (now majority-owned by Fiat SpA) commit to adding jobs and investing in American plants. “We made important gains for our members,” King says after GM workers approve their contract.2014-15: Dennis Williams is elected the 11th president in 2014. In 2015, some rank-and-file members criticize him for accepting a bear hug from Fiat Chrysler Chief Executive Officer Sergio Marchionne at an event to kick off contract talks. Workers overwhelmingly vote down the initial deal Williams signs off on with the automaker — the first such rejection of a national proposal since 1982, according to the Detroit Free Press. Members later approve an agreement that includes greater concessions from the company, including a path to senior-level pay for entry-level workers.2018: Gary Jones becomes the 12th UAW president in June 2018. In August 2019, FBI agents raid his home and the home of Williams, his predecessor, as part of an investigation into corruption involving the union related to illegal use of training-center funds. A UAW spokesman has called the search unwarranted and said the union is cooperating with the investigation. Sept. 16, 2019: Some 46,000 UAW workers strike GM over issues that include health-care benefits, use of temporary workers, the tiered pay scale and investment in American operations. Sources: Bloomberg News, UAW archives, contemporary news reports, Bloomberg Law, Walter P. Reuther Library at Wayne State University\--With assistance from Chester Dawson.To contact the authors of this story: Melinda Grenier in New York at mgrenier1@bloomberg.netEugene Reznik in New York at ereznik5@bloomberg.netTo contact the editor responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Peter HallFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's

    Ford Credit Floorplan Master Owner Trust A, Series 2019-3 -- Moody's assigns Definitive ratings to Ford Credit Floorplan Master Owner Trust A, Series 2019-3 Notes

    Moody's Investors Service ("Moody's") has assigned definitive ratings to the notes issued by Ford Credit Floorplan Master Owner Trust A, Series 2019-3 (FCFMOTA 2019-3). This is the third dealer floorplan transaction of the year for Ford Motor Credit Company LLC (Ford Credit, Ba1, Stable). The notes are backed by dealer floorplan loans which are originated by Ford Credit, who is also the servicer and administrator for the transaction.

  • Reuters

    UPDATE 1-California, 22 other states sue U.S. over Trump auto emissions rules

    A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and zero emission vehicle mandates. The states, led by California and joined by the District of Columbia, Los Angeles and New York City, are seeking a court order blocking a determination unveiled Thursday by the U.S. Transportation Department and its agency the National Highway Traffic Safety Administration, according to papers filed in the U.S. District Court in Washington.

  • Reuters

    California, other states sue Trump administration over auto emissions rules

    A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and zero emission vehicle mandates. The states, led by California and joined by the District of Columbia, Los Angeles and New York City, are seeking a court order blocking a determination unveiled Thursday by the U.S. Transportation Department and its agency the National Highway Traffic Safety Administration, according to papers filed in the U.S. District Court in Washington. The department said federal law preempts state and local regulation of vehicle fuel economy, including California's greenhouse gas vehicle emissions rules that are followed by about a dozen other states.

  • Rivian: Is Amazon’s Order Bad News for Tesla?
    Market Realist

    Rivian: Is Amazon’s Order Bad News for Tesla?

    Amazon placed a bulk order for 100,000 electric delivery vans from Rivian. Amazon plans to phase out its current diesel vehicles in a systematic manner.

  • MS: Model Y, Pickup Truck to Drive Tesla’s Market Share
    Market Realist

    MS: Model Y, Pickup Truck to Drive Tesla’s Market Share

    Yesterday, Morgan Stanley analyst Adam Jonas provided his thoughts on Tesla while maintaining his rating and target price on its stock.

  • The Tesla-Porsche Battle Is Heating Up
    Market Realist

    The Tesla-Porsche Battle Is Heating Up

    Since Porsche launched the Taycan, Tesla has been trying to prove its supremacy in terms of various features. It recently revealed its upcoming Plaid Mode.

  • Ford’s Former CEO Finds Amazon’s Rivian Deal Risky
    Market Realist

    Ford’s Former CEO Finds Amazon’s Rivian Deal Risky

    In a CNBC interview, former Ford Motor CEO Mark Fields said he sees Amazon’s Rivian order for electric vehicles as “a bit of a risk.”

  • Ford Is Racing Against a Recession
    InvestorPlace

    Ford Is Racing Against a Recession

    Ford (NYSE:F) stock is enjoying a brief rally as investors cheered the company's restructuring plan. Shares of Ford and rival General Motors (NYSE:GM) are doing better than the automotive index.Source: overcrew / Shutterstock.com However, like most corporate restructurings, Ford's plan needs time. Unfortunately, time may be a commodity the automaker does not have. Even the most bullish economists acknowledge that a recession is coming. And the general consensus is that it will arrive in the next 12 to 24 months.Therein lies the problem for F stock. Ford is betting its future on electric and autonomous vehicles. "Our future is rooted in electrification," said Stuart Rowley, president of Ford of Europe. "We are electrifying across our portfolio, providing all of our customers with more accessible vehicle options that are fun to drive, have improved fuel economy and are better for our environment."InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's fair for investors to question if time is on Ford's side. These technologies still require major investment to create the economies of scale that will make them available to a mass market. * 8 Dividend Stocks to Buy for a Recession There's no question that the last 10 years have helped jump start this revolution. But the electric car market is not just about having cars for consumers to drive. It also means having an infrastructure that makes recharging convenient and affordable. Cost Cutting Only Takes You So FarEliminating head count and shutting plants provides a quick fix to the balance sheet. Investors love it. But ultimately, it only takes you so far.Recently, InvestorPlace contributors Will Ashworth and Mark Hake wrote about Ford's potential inability to pay their 15-cent quarterly dividend. Hake points to the company canceling its special dividend as evidence they may not have enough free cash flow to keep up with their financial commitments to shareholders, including pension obligations and debt repayments.Ashworth goes further and argues that Ford should consider only issuing a special dividend. By cutting the regular dividend they can put that free cash flow (currently about $5 billion) to work in other ways (e.g. a share buyback program). But if Ford stock no longer carried a quarterly dividend, how would that play with income investors?Ultimately, for investors to believe in Ford and F stock, the company must increase revenue and profit by selling cars. In addition to plant closings and workforce reductions throughout 2020, Ford plans to continue evolving their product line. This includes reiterating their commitment to electric vehicles. Consideration is Not CommitmentRight now, automakers are racing to meet regulators' calls for more fuel-efficient (read: electric) vehicles. But in the words of Mark Wakefield, the head of Detroit-based automotive practice consultancy, AlixPartners, the pressure from regulators to shift to battery-based vehicles is creating a "profit desert" for auto manufacturers.That's because demand is not there. Many customers are saying they would consider buying an electric car. Yet battery-based vehicles accounted for just about 5% of the American new car market in 2018.A recent survey conducted by Consumer Reports (CR) and the Union of Concerned Scientists (UCS) sampled 1,659 American adults who were considering purchasing or leasing a new or used vehicle within the next two years. According to the survey, 63% of prospective U.S. car buyers have some interest in EVs. This was broken down into three categories: * 31% who said they would consider one for their next purchase * 27% who would consider one down the road * 5% who said they were definitely planning to buy or lease one for their next vehicle.Call me skeptical. Firms use words like "consider" and "planning to" in surveys to give answers the nuance that they want. I'm not saying that either CR or UCS was deliberately attempting to skew the survey. Nevertheless, consideration is not the same as commitment.All things being equal, consumers will consider many things. But electric cars and gas-powered vehicles are not equal.Most electric cars still command a premium price and some EVs are not available in certain areas of the country. Plus, despite the growing infrastructure of nationwide, public charging stations, there is more work to do. This is particularly true in the area of the DC-fast chargers. Until that is resolved, EVs remain impractical for long-distance travel. The Bottom Line for Ford StockThe F stock price is up over 20% year-to-date. However, the stock is still trading at a large discount to other consumer discretionary stocks (less than 7 times estimated 2020 earnings).The low valuation reflects the historical reality that automakers lose money during recessions. Ford is optimistic that their restructuring can help them remain profitable even if U.S. car sales fall to 11 or 12 million units (an approximately 35% drop from the 17 million cars sold in August of this year).However, Moody's does not seem to share Ford's optimism. The rating agency downgraded Ford's bonds to junk status. Moody's cited "the considerable operating and market challenges facing Ford, and the weak earnings and cash generation likely as the company pursues a lengthy and costly restructuring plan."For many reasons, not all of which are their fault, Ford's strategy seems to require a lot of hope. However, hope is not a strategy. I need to see more before investing in Ford stock.As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post Ford Is Racing Against a Recession appeared first on InvestorPlace.

  • [video]How to Trade Ford Motor Following Credit Rating Cut
    TheStreet.com

    [video]How to Trade Ford Motor Following Credit Rating Cut

    Be patient, buy Ford on weakness to its semiannual and annual value levels at $7.59 and $7.31, respectively, or consider a buy stop given a close above its quarterly pivot at $9.49.

  • Barrons.com

    GM and Ford Trucks Are a Great Business. Why Their Stocks Don’t Reflect It.

    No one wants to buy auto stocks these days. That reluctance could cause investors to overlook one of the most-profitable niches in the global car market: U.S. light trucks.

  • Carmakers Out of Sight as Trump Starts Dismantling Mileage Rules
    Bloomberg

    Carmakers Out of Sight as Trump Starts Dismantling Mileage Rules

    (Bloomberg) -- When President Barack Obama in 2009 announced a plan to bolster the fuel efficiency of cars to record levels, he stood shoulder to shoulder in the White House Rose Garden with chief executives of the largest automakers.It was a far different scene at Environmental Protection Agency headquarters on Thursday, when Administrator Andrew Wheeler and Transportation Secretary Elaine Chao formally began to dismantle the program.Instead of a cadre of CEOs, the automobile industry’s lone envoy was a trade association official who after the event said the group neither opposed nor supported the plan just yet.The contrasting scenes highlight the awkward position in which carmakers have found themselves in President Donald Trump’s Washington. The industry aggressively lobbied him to ease the Obama rules, yet the plan proposed in August 2018 went beyond what most carmakers actually sought.No manufacturer has endorsed it so far, and in June, 17 urged the president to secure a single nationwide standard that all could support -- including California’s regulators -- warning that failure to do so would trigger “an extended period of litigation and instability, which could prove as untenable” as the rules they sought to change in the first place.The next month four of them defied the administration by negotiating a compromise standard with California.Chao and Wheeler on Thursday all but guaranteed the instability the industry feared by revoking California’s authority to regulate tailpipe greenhouse gas emissions. California and other states are expected sue to block the move, leaving automakers facing uncertain requirements as they plan their vehicle lineups.“This is exactly what we were trying to avoid, this uncertainty that is happening now,” Gloria Bergquist, spokeswoman for the Alliance of Automobile Manufacturers, said on the sidelines of the event Thursday. “We’re going to have to look at whatever the final rule is and look at the entire package and decide then what our position’s going to be, and different companies may fall in different places.”That uncertainty comes in an already volatile time for the industry. Carmakers are under pressure from investors to funnel billions into future-oriented technologies including electric and autonomous vehicles. The U.S.-China trade conflict has pinched margins while the threat of punitive new American tariffs on imported autos and parts still looms. Sales in the U.S. market are softening amid signs of broader economic risk. All of that has raised the stakes for the auto industry when it comes to fuel-efficiency planning.Automakers are “making enormous investments and bets, and those bets determine the outcome of the future of the company,” said Brett Smith, director of propulsion technology and energy infrastructure at the Center for Automotive Research, a nonprofit. “If they’re wrong because a policy changes in six months or two years, that hurts them, and it hurts them massively.”Carmakers plan their vehicle portfolios several years in advance, so lineups through 2022 model year are largely locked in place, said Gopal Duleep, president of H-D Systems, an industry research firm in Washington. “So really, 2023-2025 is where you might see some differences.”If the Trump administration prevails on all fronts -- weakening national standards and stripping California’s power to set its own -- it won’t necessarily be a clear-cut win for the industry. Those locked-in product plans and parts contract already have improved fuel-efficiency baked in, both for vehicles powered by gasoline and electricity.“If the standards are weakened, then those suppliers who worked on those technologies -- be they internal-combustion-engine or electric-vehicle -- will find those volumes lessened, so it’s a risk for the suppliers,” said Alan Baum, an independent auto analyst in West Bloomfield, Michigan.The nightmare outcome of the anticipated litigation is a bifurcated market, in which companies face California’s more stringent standards in more than a dozen states that follow its lead while Trump’s rolled-back standards govern elsewhere.Some companies may also alter pricing and vehicle incentives to manage diverging standards, said Joshua Linn, a senior fellow at Resources for the Future who’s studied the effects of mileage regulations. For example, plug-in hybrids could be discounted in states that follow California’s standards, such as Maryland, but not in states under federal standards, like Virginia.“So, you could have an odd scenario where you just go across the border and get a deal,” he said.Seeking to avert that, Ford Motor Co., Honda Motor Co., BMW AG and Volkswagen AG in July agreed to meet compromise efficiency requirements offered by California even if they are more stringent than what the Trump administration proposes.The California deal essentially pushes back the Obama-era standards by one year, lowering the pace of annual improvements, and enhances compliance incentives for electric vehicles, among other features. It also includes an agreement by the carmakers to not challenge California’s authority.In a statement Thursday, Ford said it has “consistently said that the best path forward is a negotiated settlement that offers a workable compromise. We need regulatory certainty, not litigation.”Hyundai Motor Co. echoed that sentiment. “While there are differences between the various stakeholders, it is our hope that a solution to reduce carbon emissions would provide business certainty, balance consumer choice, and avoid lengthy litigation,” the company said in a statement.General Motors Co., Fiat Chrysler Automobiles NV, Mercedes-Benz parent Daimler AG and others either declined to comment on the Trump administration’s move or deferred to the Alliance.After the event at EPA headquarters Thursday, the California Air Resources Board voted to approve the compromise plan it struck with the four carmakers. The vote came after DOT and EPA lawyers warned the state agency that it might be unlawful, and the Justice Department began an antitrust probe into the four automakers involved in the deal.“Politically, it’s a very challenging time for anyone to step forward. They’ve seen what’s happened to other car companies,” CAR’s Smith said. “They’ve decided that this is a time when they can’t just lift their heads up.”Senator Tom Carper, a Delaware Democrat, signaled his frustration that automakers that had warned against Trump taking this step are suddenly quiet as he takes it. Automakers need to “show some courage and do the right thing” by standing up to Trump’s plan, Carper said.While there may be some disruption near-term, the Trump administration argues that its plan will give automakers the so-called one national program that companies repeatedly asked for, even using that phrase as the name of the rule to rescind California’s powers.“The one national program that we are announcing today will ensure that there is one -- and only one -- set of national fuel economy standards as Congress mandated and intended,” Chao said Thursday.Wheeler predicted the carmakers would be satisfied when the replacement standards, to be known as Safer Affordable Fuel-Efficient Vehicles Rule, are released.“We expect at the end of the day when we release the second half of the SAFE proposal, the standards, that all of the automakers will take a look at it and see that it is feasible, the right thing to do, and I expect everyone will support it, and hopefully the state of California will put politics aside and support it as well,” he said.\--With assistance from Jennifer A. Dlouhy.To contact the reporter on this story: Ryan Beene in Washington at rbeene@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    States sue Trump administration to keep California emissions rules

    A group of 23 states including California have filed a lawsuit after the Trump administration moved to pull a waiver granting the state the ability to set its own car emissions rules. California led the lawsuit against the National Highway Traffic Safety Administration, the US auto regulator, arguing the federal government’s decision was “unlawful and should be vacated”. California was joined by 22 other states, the District of Columbia and the cities of New York and Los Angeles in the lawsuit filed Friday in the US district court in DC.

  • TheStreet.com

    General Motors Shares Bump Higher As Nationwide UAW Strike Hits Day Five

    GM shares edged higher Friday even as United Auto Workers Union officials said talks with the carmaker aimed at ending a four-day nationwide strike would likely extend into the weekend.

  • What is Rivian?
    Investopedia

    What is Rivian?

    Backed by Amazon and Ford, Rivian, the maker of electric SUVs and pickup trucks could challenge Tesla.

  • Electric vehicle startup Rivian gets a jolt from big Amazon.com van order
    Reuters

    Electric vehicle startup Rivian gets a jolt from big Amazon.com van order

    Electric vehicle startup Rivian Automotive LLC got a big boost from one of its investors on Thursday when Amazon.com announced it was ordering 100,000 electric delivery vans. Before Rivian has even begun commercial production at its factory in Normal, Illinois, the Amazon order rocketed it to the forefront of electric vehicle makers. Amazon Chief Executive Jeff Bezos said in Washington that as part of the online retailer's plan to be carbon neutral by 2040 it would order the electric vans from Rivian, with deliveries starting in 2021.

  • Amazon makes pledge to fight climate change one day before employees protest
    Yahoo Finance

    Amazon makes pledge to fight climate change one day before employees protest

    Amazon wants to lead Corporate America to fight with climate changes.

  • Auto Stock Roundup: General Motors Workers Strike, Winnebago's Newmar Buyout & More
    Zacks

    Auto Stock Roundup: General Motors Workers Strike, Winnebago's Newmar Buyout & More

    While top U.S. auto giants General Motors (GM) and Ford (F) issue vehicle recalls recently, recreational vehicle manufacturer Winnebago Industries (WGO) inks a deal to buy Newmar.

  • Zacks Market Edge Highlights: General Motors, Ford Motor, Toyota Motor, Ferrari and Tesla
    Zacks

    Zacks Market Edge Highlights: General Motors, Ford Motor, Toyota Motor, Ferrari and Tesla

    Zacks Market Edge Highlights: General Motors, Ford Motor, Toyota Motor, Ferrari and Tesla

  • Tesla’s China Ramp-Up Not Expected before Mid-2020
    Market Realist

    Tesla’s China Ramp-Up Not Expected before Mid-2020

    Tesla's (TSLA) Gigafactory 3 in China is set to begin production in the next few months and ramp up to normal production levels in mid-2020.

  • Moody's

    Globaldrive Auto Receivables UK 2019-A PLC -- Moody's assigns definitive ratings to notes issued by Globaldrive Auto Receivables UK 2019-A plc, a UK Auto ABS securitization

    Rating Action: Moody's assigns definitive ratings to notes issued by Globaldrive Auto Receivables UK 2019- A plc, a UK Auto ABS securitization. Global Credit Research- 19 Sep 2019. GBP 386.4 million ABS ...

  • American City Business Journals

    Automotive Minute: Redesigned 2020 Ford Escape maintains best qualities, improves where it matters (Photos)

    The latest iteration of the Ford Escape, its fourth generation, maintains what customers love and gives them the modern high-tech features they’re looking for, writes Eileen Falkenberg-Hull.

  • Financial Times

    California finds itself back in Donald Trump’s crosshairs

    If Donald Trump was looking to build support from his two-day visit to California this week, he had an unusual way of going about it. The US president spent much of the trip conducting fundraisers in America’s wealthiest state, collecting up to $4m at a time from his appearances, according to the White House. Mr Trump’s latest attacks on California began on Wednesday morning, when he announced on Twitter that his administration would revoke the state’s legal authority to set its own vehicle emissions standards.

  • Reuters

    Toyota to expand plant in Brazil's Sao Paulo state, joining Volkswagen, GM

    Toyota Motor Corp on Thursday announced a 1 billion reais ($243.29 million) expansion at a plant in the Brazilian state of Sao Paulo, joining Volkswagen and General Motors in new investments in the region. Toyota said the funding would allow the Sorocaba plant, which builds the Etios and Yaris sedan models, to produce a new vehicle model. Sao Paulo state has long been the heart of Brazil's auto industry, which is in turn the largest in South America, but it had recently been losing steam against aggressive incentives offered by other states to lure manufacturers.