Ford Motor (F) option implied volatility low into their current union contracts end in September.
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Biden calls on automakers and union to come together on 'a fair agreement'
August 14, 2023 1:52 PM EDTWith just a month remaining until the expiration of contracts, Detroits Big Three and the United Auto Workers (UAW) union are still at odds, struggling to reach a mutual understanding. On Monday, U.S. President Joe Biden urged both the automotive union and the corporations they are associated with to come together on an agreement soon.
"Im asking all sides to work together to forge a fair agreement," Biden... More
Ford (F) hires former Apple (AAPL) exec to lead new business unit
August 14, 2023 10:20 AM EDTFord Motor (NYSE: F) announced Monday the appointment of former Apple executive, Peter Stern to head a recently established division dedicated to developing consumer software and the advancement of hands-free highway driving technology.
Stern, who most recently served as vice president of services at Apple, overseeing Apple TV+, iCloud and Apple News+, will... More
Shares of Ford (F) and GM (GM) strained as UAW strike becomes more likely
August 11, 2023 9:22 AM EDTAlthough theres not a lot of details surrounding the ongoing UAW negotiations, Citi believes the recent ups and downs in GM (NYSE: GM) and Ford's (NYSE: F) stock prices might be aggravated by worries that there could be a strike. The chance of a strike happening seems to be getting higher, but the stock market sees it as something uncertain. Looking at how negotiations went before, Citi doesnt believe the news right now is good enough... More
Illinois EPA announces funding dates for next round of EV rebates
August 10, 2023 3:06 PM EDTThe Illinois Environmental Protection Agency (EPA) announced Thursday that the upcoming funding phase for the Electric Vehicle (EV) Rebate Program in Illinois will begin on Wednesday, November 1, 2023, and conclude on Wednesday, January 31, 2024.
Those who buy a new or used all-electric vehicle from a licensed dealer in Illinois, fulfill all... More
Ford (F) pushes Explorer EV launch date in Cologne
August 10, 2023 8:28 AM EDTDetroit automaker, Ford Motor (NYSE: F) told workers Thursday morning that the company will be postponing the market launch of its Cologne-built electric Explorer SUV. The launch was previously planned for early 2024, but, according to a report by Cologne-based newspaper Kölnische Rundschau, has been pushed back due to new worldwide drive train safety rules.
The report doesn't clarify the exact nature of the "global... More
