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Business

“Ford warns investors of an extra $1 billion in supply chain costs during the third quarter”

“Ford Motor on Monday warned investors that the company expects to incur an extra $1 billion in costs during the third quarter due to inflation and supply chain issues. Ford said supply problems have resulted in parts shortages affecting roughly 40,000… Continue Reading…

Business, Stocks

“Ford Motor Q3 China Sales Rise 25%, Biggest Jump Since 2016; Target Price $10 in Best Case”

“Ford Motor Co, an American multinational automaker, said its vehicle sales climbed 25% in the third quarter of this year, the biggest year-over-year increase since 2016, as demand gradually recovered… Ford and its joint ventures, Changan Ford, JMC and Ford… Continue Reading…

Stocks

“Ford’s stock rallies after Benchmark analyst turns bullish, sets new target implying 38% gain”

“Shares of Ford Motor Co. rose 1.1% in premarket trading Monday, after the auto maker was upgraded by Benchmark analyst Michael Ward, citing expectations that third-quarter earnings and a new management team will provide a near-term catalyst for the stock.… Continue Reading…

Business, Stocks

“Tesla Tops $100 Billion as Record Run Lifts Market Value Past Volkswagen”

“After topping the combined value of Ford and GM earlier this month, Tesla is set to overtake Volkswagen as the second most-valuable carmaker in the world as a record run in shares lifts Elon Musk’s company past the $100 billion… Continue Reading…

Economy

“U.S. Factory Output Rebounds Even Without Post-GM Strike Bump”

“U.S. factory production rebounded by more than forecast in November and rose excluding a surge in auto production following the end of the General Motors Co. strike, in a sign of stabilization in manufacturing. The 1.1% increase in manufacturing output,… Continue Reading…

Business, Economy

“Workers celebrate deal with GM, show union power in industry”

“Details of the four-year pact weren’t released, but GM’s latest offer to end the monthlong strike included wage increases and lump-sum payments, top-notch health insurance at little cost to workers, promises of new products for many U.S. factories and a… Continue Reading…

Banking, Economy, Stocks

“Stocks making the biggest moves premarket: Viacom, Facebook, Caesars, Tesla, GM, Fitbit & more”

“Viacom – Viacom bought the exclusive cable TV rights to the hit sitcom “Seinfeld” from Sony Pictures Entertainment, beginning in October 2021. Netflix had recently acquired the global streaming rights to “Seinfeld.”… Caesars Entertainment – Caesars announced the sale of its Rio hotel and casino in Las Vegas… Continue Reading…