Wells Fargo downgrades Tesla, sees electric vehicle stock dropping nearly 30% from here
Wells Fargo is throwing in the towel on Tesla as headwinds for the Elon Musk-led company mount.
Source: cnbc.com
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What to make of the UAW's shifting strike tactics after the latest escalation
The union initiated a surprise strike of 8,700 workers at Ford Motor’s Kentucky Truck Plant, the most crucial plant affected by the disruptions so far.
Source: nbcnewyork.com
Ukraine Plant Shutdowns Put 15% of Europe Car Output at Risk
(Bloomberg) -- The war in Ukraine could cost Europe’s automakers production of hundreds of thousands of vehicles because the country is a key source of wire harnesses that power car electrical systems.
Source: bloombergquint.com
Wall Street Has High Expectations for Ford's Investor Day
The company's stock price has roughly doubled since Farley took control of the company Oct. 1. That includes a 12.6% increase last week after the debut of the company's new electric F-150 Lightning pickup truck. Investors will be watching the highly anticipated investor event to see if Farley can keep up the momentum. He has promised to provide details his management team's direction for the automaker. "[It's] a big deal. It's my management team's coming-out party," Farley said last week. "Yes, we've had a couple good quarters. That's great, but really the big test is what's our plan for the ...
Source: nbcdfw.com