Ford Motor Co

Auto makers warn most electric vehicles won't qualify for federal tax credit

Auto makers warn most electric vehicles won’t qualify for federal tax credit

But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s mainly because of the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. And those …

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Ford hikes price on all-electric F-150 Lightning due to shortages, inflation --- here's how much the pickup truck will cost

Ford hikes price on all-electric F-150 Lightning due to shortages, inflation — here’s how much the pickup truck will cost

Ford Motor Co. this week will reopen its order banks exclusive to reservation holders for the all-electric F-150 Lightning pickup truck. With this round comes a slightly longer battery range and a higher sticker price for model year 2023. Citing “significant material cost increases and other factors,” the automaker said in a release it would …

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Ford CEO offers more clues about automaker's ambitious electric vehicle plans

Ford CEO offers more clues about automaker’s ambitious electric vehicle plans

Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a year in just four years. This week, the Detroit automaker gave investors a little more clarity about how it plans to …

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Markets face what could be the most important week of summer with Fed, earnings and economic data

Markets face what could be the most important week of summer with Fed, earnings and economic data

A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters There’s a head-spinning amount of news for markets to navigate in the week ahead, the biggest of which will be the Federal Reserve’s midweek meeting. The two largest U.S. companies — Microsoft and Apple — …

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States are spending billions on electric vehicles in battle to replace automotive capital Michigan

States are spending billions on electric vehicles in battle to replace automotive capital Michigan

For as long as there has been an auto industry, Michigan has been its epicenter. But now, the industry is making clear that it is not bound by tradition. The move to electric vehicles — rapidly accelerating as the price of fossil fuels rises and battery technology improves — is easily the biggest shakeup in …

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GM Reclaims Top US Sales From Toyota After Losing 90-Year Streak

GM Reclaims Top US Sales From Toyota After Losing 90-Year Streak

2024 Chevrolet Blazer EVImage: General Motors The General has stolen the number one spot back from Toyota, Stellantis is anticipating another slow year of production in Italy and Jaguar has a new plan for the future: be Range Rover. All that and more in this Tuesday edition of The Morning Shift for July 5, 2022 …

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More and More People Are Falling Behind On Their Car Loans

More and More People Are Falling Behind On Their Car Loans

Photo: Steve DaSilva People are falling behind on their car loans, Toyota is idling production lines, and Audi is suing NIO over copyright infringement. All that and more in The Morning Shift for June 16, 2022. 1st Gear: Surely This Bodes Well For The Economy At Large Ford’s CFO, John Lawler, said on Wednesday costs …

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QuantumScape promised a revolutionary EV battery. Here's why investors are still waiting

QuantumScape promised a revolutionary EV battery. Here’s why investors are still waiting

A solid-state battery development lab for QuantumScape. QuantumScape The electric vehicle space has seen a handful of impressive stock market debuts in recent years, but battery start-up QuantumScape’s first few weeks of trading were remarkable even by EV stock standards.   QuantumScape, which was founded in 2010, went public via a merger with a special-purpose …

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Target and Microsoft may be just the beginning of a worrisome earnings trend

Target and Microsoft may be just the beginning of a worrisome earnings trend

Target is unlikely to be the only company with a bullseye on it during the upcoming earnings season. The retailer Tuesday warned for the second time in less than a month that its profits would take a hit from an inventory glut. The new guidance comes just days after Microsoft , in another high profile …

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