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Biden Meets Today With Executives on Chip Shortage as U.S. Auto Industry Feels the Pain
Biden could try to pressure chipmakers; he’s also backed proposals for tax incentives to U.S. manufacturers to make the critical parts in America.
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Chip Shortage Causes More Disruptions in Auto Production, But Trader Has a Hedge Play
With a semis shortage continuing to hit automakers, two traders talk the futures for the companies.
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GM and Ford Cutting Production at Several North American Plants Due to Chip Shortage
For months, GM has been prioritizing manufacturing its most profitable vehicles, such as full-size pickups, by cutting production of cars and crossovers.
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Ford Slashes Vehicle Production at Six Plants in North America Due to Chip Shortage
Ford’s actions vary py plant but range from shift cancellations to plants being closed for several weeks from April through June.
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Auto Supplier BorgWarner Expects EVs to Account for Almost 50% of Revenue by 2030
The transition to electric vehicles “goes at different speed and different region but it’s profound,” BorgWarner CEO Frederic Lissalde told CNBC.
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Chip Shortage Has Detroit Automakers Struggling to Maintain Truck Production and Meet Orders
Ford is cutting a shift at a plant in Kentucky that produces pickups and temporarily shuttering another plant in Ohio due to the chip shortage.
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Meet Ford's New Pursuit-Rated F-150 Pickup for Police
Commercial vehicles such as police responders, which Ford leads, is a concentration of the company under Ford CEO Jim Farley.
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Ford Announces $2 Billion Convertible Notes Offering
Ford intends to use the net proceeds from the five-year bond offering for general corporate purposes, including the potential repayment of debt.
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Cramer Says Ford, General Motors Are Picking Up Momentum as Tesla Shares Slip
“If you want to bet on electric vehicles with much less risk, I say buy some Ford or General Motors,” the “Mad Money” host said.
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Henry Ford's Great-Great Grandchildren Nominated to Automaker's Board
Alexandra Ford English, 33, and Henry Ford III, 40, will stand for election to the company’s board of directors at its annual meeting of shareholders on May 13.
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Shares of EV Start-Up Canoo Surge as Much as 14% on New Electric Pickup Truck
Shares of electric vehicle start-up Canoo surged after the automaker detailed its third planned product, a bubbly-looking pickup truck.
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Ford Quietly Begins Production of New ‘C' Pickup in Mexico
The pickup – potentially named Maverick – is expected to be smaller than Ford’s current Ranger model.
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Biden Signs Executive Order to Address Chip Shortage Through a Review to Strengthen Supply Chains
The action follows calls from bipartisan members of Congress and industry leaders warning about the potential consequences of the shortage.
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Carmakers Have Been Hit Hard by a Global Chip Shortage — Here's Why
Silicon chips are the lifeblood of the tech-obsessed world we live in, but today they’re in short supply.
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Some Texans Use 2021 Ford F-150 Hybrid Pickup Trucks to Power Homes Amid Winter Storm
“It would have been three miserable days without the truck,” Jerry Hall, 73, of Kerrville, Texas, said in a phone interview.
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Ford Loses Track of Dangerous Air Bags, Forcing 2 Recalls
Ford has lost track of some older Takata air bags that can explode and hurl shrapnel, so it’s recalling more than 154,000 vehicles in North America.
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Cramer Calls on U.S. to Build Factories to Address Chip Shortage, Unemployment
“It’s time for our government to invest in building the biggest and best complex of semiconductor foundries … in the world,” the “Mad Money” host said.
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Ford Boosts Investment in Electric and Autonomous Vehicles to $29 Billion Through 2025
Ford CFO John Lawler said the company is forecasting it will earn between $8 billion and $9 billion in adjusted pretax profits this year.
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Ford, General Motors Stocks Lead Tesla's in 2021. What Two Traders Are Watching
With Ford and fellow automaker General Motors up nearly 30% year to date, two traders say electric vehicles will be a key factor in their race to profits.
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Ford Forced to Cut Profitable F-150 Pickup Truck Production Due to Semiconductor Chip Shortage
Ford is cutting production at plants in Michigan and Missouri that produce its profitable F-150 pickup trucks due to a global semiconductor chip shortage.