A new price increase of $4,000 means Ford has upped the entry-level pricing of the F-150 Lightning electric pickup by 40% since the vehicle’s launch.
These are the stocks posting the largest moves in midday trading.
About 1,920 of Ford’s nearly 3,000 dealers in the U.S. agreed to sell EVs, according to CEO Jim Farley.
Ford topped Hyundai after the South Korean automaker lost incentive of consumer tax credits up to $7,500 for buyers of its EVs.
CEO Jim Farley compared the insourcing to the early days of the auto industry Ford controlled most, if not all, of the components going into a vehicle.
The investment cases for Ford and General Motors are increasingly diverging around electric and autonomous vehicles.
There were some noteworthy updates on Wells Fargo (WFC), Ford (F) and Apple (APPL) on Wednesday. Here are the headlines and our take, too.
Ford on Wednesday updated its guidance to forecast full-year adjusted earnings before interest and taxes of about $11.5 billion.
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