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Detroit's Big 3 Automakers Resume Production
Tuesday, May 19, 2020 - 4:03pm | 600Read More...In April, the auto industry reached its bottom as car registrations in Europe fell 76%, the strongest drop in demand recorded. This past month, however, European carmakers, such as Bayerische Motoren Werke Ag (OTC: BMWY), Volkswagen AG (OTC: VWAGY) and Daimler AG (OTC...
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Ford Partners With Thermo Fisher And Other Manufacturers To Fight COVID-19
Tuesday, April 14, 2020 - 8:16am | 522Read More...Ford Motor Company (NYSE: F) has announced it is helping Thermo Fisher to expand production of COVID-19 rapid testing collection kits. What Happened On Monday, Ford released a statement highlighting the measures it was taking along with various partners in the fight against the COVID-19...
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IVP, Sapphire Ventures Lead $100M Series E In CircleCI's Leading Software Solution
Tuesday, April 7, 2020 - 1:45pm | 299Read More...CircleCI, a continuous integration, and delivery platform, formally announced the closure of a $100 million Series E funding round, led by IVP and Sapphire Ventures. CircleCI is a globally recognized engineering technology that allows for rapid automation of the building, testing and...
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Detroit's Big 3 Report Sales Declines, But Outperform Expectations
Friday, April 3, 2020 - 12:06pm | 736Read More...U.S. auto producers announced Q1 sales figures this week, and as expected, sales numbers fell due to the COVID-19 outbreak. A strong year start was fully offset by terrible last month's results. According to industry research firm Wards Intelligence's data, approximately 1 million light...
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How Well Are US Carmakers Prepared For The Upcoming Recession?
Tuesday, March 24, 2020 - 1:53pm | 765Read More...The coronavirus has hit the U.S. economy very sharply. Last week was the worst week for the stock market since 2008, despite the fact that the Federal Reserve has taken some very serious actions. It is quite clear that bad times are ahead for everyone, especially for the sensitive and already...
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Will Coronavirus Stop Car Production In The USA The Same Way It Did In Europe?
Wednesday, March 18, 2020 - 11:30am | 806Read More...Share prices of US carmakers have been in free fall since the beginning of the year. General Motors Company (NYSE: GM) lost 42% of its market value, Ford Motor's (NYSE: F) share price was down 46% and Fiat Chrysler's (NYSE: FCAU) price plunged 46%. This price development is very similar to...
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US Automakers Readying For A Fight Against COVID-19
Tuesday, March 17, 2020 - 11:35am | 805Read More...Coronavirus is spreading worldwide and throughout the automotive industry, devastating carmakers' financial statements. Sales declines, supply chain chaos and factory shutdowns have already caused a lot of damage. Based on everything we saw so far it can be said that the Coronavirus knock-...
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EVs Kingdom – Do Traditional Automakers Have A Shot?
Wednesday, March 4, 2020 - 11:03am | 1446Read More...EV battery life is uncertain. Their range isn't enough to get people where they need to go. They are too expensive for the average person. This might have been the truth once but it's been a while since these prejudices stopped being valid excuses as electrification is upon the automotive...
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Ford Officials Charged About Electric Transit Van
Wednesday, March 4, 2020 - 10:00am | 1114Read More...Ford Motor Co. (NYSE: F) has stated its desire to invest deeply in electrification, and it is not leaving out its commercial customers. A hybrid-electric F-150 will be available later this year, and for the 2022 model year, Ford will electrify its popular Transit van. Already the world's best-...
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5 Reasons Why Tesla Is Way Ahead Of Traditional Automakers
Tuesday, March 3, 2020 - 1:10pm | 1236Read More...Tesla Inc's (NASDAQ: TSLA) recent breakout market performance is proving its skeptics wrong as by mid-January, Tesla's market capitalization had reached $107 billion. It ran over the giant German automaker Volkswagen (OTC: VWAGY) and has become the world's second most valuable auto...
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Tech Companies Who Have Superpowers To Change Their Industry- And The World
Monday, February 10, 2020 - 10:32am | 1602Read More...Whether we like it or not, the world we know is shaped by corporations. And unless you live in the woods and entirely off-the-radar doing nothing but meditating for a living, odds are you are using their products and services. But luckily for us, there are still innovative companies out there, who...
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Ford Faces A Titanic Perspective While Tesla Reaches The Moon
Friday, February 7, 2020 - 12:14pm | 1250Read More...Ford Motor Company's (NYSE: F) fourth quarter was not a good one. Stock sharply lowered on Wednesday, after the company reported earnings that fell short of expectations and gave weak guidance for the year ahead. Shares plunged 9 percent after results were announced on Tuesday after...
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Job Market Heats Up In January, As Warmer Weather Might Have Helped Add Positions
Friday, February 7, 2020 - 10:41am | 2532Read More...That’s more like it. After a slump in December, the economy created a way better than expected 225,000 new jobs in January. The growth included nice gains in closely watched categories like construction and warehousing, but still showed weakness in the manufacturing sector. Even so, job...
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Earnings Bonanza: Results Keep Pouring In, With Investors Looking Over Merck, Disney
Wednesday, February 5, 2020 - 11:00am | 2119Read More...It started as a buy-the-dip rally, but it seems to have morphed into a buy-into-strength rally, with major indices eyeing fresh all-time highs. Whatever you call it, it’s been a wild week, and we’re not even at halftime. The latest surge came in pre-market trading Wednesday after Asian...
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Borderlands: Ford's New Mustang To Be Built In Mexico; Laredo CBP Office Names Interim Director
Monday, November 18, 2019 - 11:31am | 1167Read More...Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Ford's new electric Mustang will be built in Mexico; Japanese plastic manufacturer investing $65 million in Mexico plant; GEODIS Logistics launches direct air cargo...
