Ford (F) releases 2Q sales report, remains a top-selling brand thanks to ICE pickup trucks

Barclays sees these US auto & mobility stocks raising 2023 guidance

July 10, 2023 11:54 AM EDT

As earnings season rolls around once again, Barclays analyst Daniel Levy told investors in a note Monday that he sees six US auto and mobility stocks raising 2023 guidance. However, Levy warned that even though stability is emerging in the auto sector, investors should beware of the rising bar heading into the earnings releases.

Ford Motor (NYSE: F): The analyst told investors that the "stronger for longer" theme has emerged for both Ford and GM, with better pricing and volume than anticipated. While they expect a beat and raise for... More

Volkswagen to launch autonomous vehicles in Texas by 2026

July 6, 2023 2:16 PM EDT

German auto maker, Volkswagen (VW) announced Thursday their plans to launch autonomous, or self-driving, vehicles for ride hailing and goods delivery services in Austin, Texas by 2026.

VW had previously made a costly investment into Ford's now Ford's now-defunct self-driving car unit, Argo. The company took nearly 100 people... More

Ford Motor (F) says electric vehicle sales continue to grow

July 6, 2023 9:42 AM EDT

Ford (NYSE: F) was Americas best-selling brand in the second quarter on the strength of its trucks, electric vehicles and new vehicle launches, posting sales gains of 11.2 percent for the quarter.

Ford is Americas No. 1 brand for six consecutive months this year on strength of pickups, vans, commercial vehicles and new... More

Ford auto sales rise on robust demand, improved supply

July 6, 2023 9:17 AM EDT

(Reuters) -Ford Motor Co on Thursday followed rivals in reporting a rise in second-quarter U.S. auto sales, driven by easing supply chain snags and pent-up demand for personal transportation.

The U.S. automaker's quarterly sales rose about 10% to 531,662 vehicles, the company said.

Automakers are rushing to make up for the lost production during the pandemic, as a strong... More

Ford (F) PT Raised to $11 at UBS

July 6, 2023 4:21 AM EDT

UBS analyst Patrick Hummel raised the price target on Ford (NYSE: F) to $11.00 (from $10.00) while maintaining a Sell rating.... More

North America and Europe lead surge in global EV demand

July 5, 2023 9:41 AM EDT

Analyst Ranulf Orr from Citi Research reported a surge in demand for Battery Electric Vehicles (BEV) in May, with a 46% increase compared to the previous year. The primary drivers of demand growth were Europe and North America, experiencing respective year-on-year rises of 59% and 50%. In contrast, China's growth was more... More