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Ford, GM reportedly discussing funding for bankrupt First Brands
Yahoo Finance· 2026-01-28 19:03
Group 1 - Ford and General Motors are negotiating a financing deal to assist First Brands Group, which is under Chapter 11 protection, in securing liquidity through advance payments for expected deliveries [1][2] - First Brands filed for bankruptcy in September with $12 billion in debt and has accused its founder of fraud, which he denies [2][3] - The company owns 25 automotive brands and is rapidly consuming cash during its restructuring process, warning it could run out of funds by early February without additional support [3] Group 2 - First Brands plans to wind down certain US operations, including its Brake Parts and Autolite units, while seeking asset sales and new funding [4] - The negotiations occur amid challenges in the US automotive supply chain, including tariffs, competition from China, and slower growth in electric vehicle sales [4] - Ford is reducing its electric vehicle program scale while increasing focus on hybrids, considering sourcing batteries from BYD for its manufacturing sites outside the US [5]
US lawmaker scrutinizes Ford battery partnership with Chinese company CATL
Yahoo Finance· 2026-01-28 18:23
By David Shepardson WASHINGTON, Jan 28 (Reuters) - The Republican chair of a U.S. House committee is scrutinizing Ford's plan to repurpose its existing U.S. battery manufacturing facilities to produce lithium iron phosphate cells and grid-scale energy storage systems as part of its partnership with Chinese battery giant CATL. In a letter to Ford CEO Jim Farley, Representative John Moolenaar raised concerns about the automaker’s plans to build data center batteries with technology from CATL and asked ...
US lawmaker scrutinizes Ford plan to produce batteries with technology from CATL
Reuters· 2026-01-28 18:23
The Republican chair of a U.S. House committee is scrutinizing Ford's plan to repurpose its existing U.S. battery manufacturing facilities to produce lithium iron phosphate cells and grid-scale energy... ...
Earnings Estimates Moving Higher for Ford Motor (F): Time to Buy?
ZACKS· 2026-01-28 18:20
Ford Motor Company (F) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revision ...
How Does GM Stock Compare With Ford?
Forbes· 2026-01-28 16:55
General Motors experienced a rise of 8.7% over the past day. You might feel inclined to purchase more shares, or perhaps you want to reduce your investment. However, there is a different viewpoint that could be overlooked. Is there a superior option? It appears that its counterpart Ford Motor provides more advantages. Ford Motor (F) stock showcases excellent revenue growth throughout critical periods, enhanced profitability, and a comparatively lower valuation compared to General Motors (GM) stock. This ind ...
Kodiak Tech Selected for Ford International Airport Innovation Program to Advance Snow Removal Electrification
Globenewswire· 2026-01-28 15:20
GRAND RAPIDS, Mich., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Kodiak Technologies announced today its participation in FLITE, the Ford Launchpad for Innovative Technologies and Entrepreneurship, hosted by the Gerald R. Ford International Airport in Grand Rapids, Michigan. Kodiak Tech is part of FLITE's ninth cohort, a first-of-its-kind aviation program supporting the pilot testing of emerging air travel technologies. Kodiak Tech designs and manufactures high-performance hybrid and electric snow removal vehicles, p ...
Offerpad Appoints Rich Ford as Chief Strategy Officer & President of Cash Offer Marketplace
Businesswire· 2026-01-28 14:10
PHOENIX, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (NYSE: OPAD), a leading real estate solutions platform, today announced that Rich Ford has joined the company as Chief Strategy Officer & President of Cash Offer Marketplace, where he will help guide Offerpad's long-term strategy and lead the continued evolution of its marketplace-driven transaction ecosystem. "Our Cash Offer Marketplace expands access to demand without increasing balance-sheet intensity,†said Brian Bair, Founder and CEO of Offerpad. ...
SK Innovation称终止与福特合资公司将产生约26亿美元资产损失
Zhong Guo Qi Che Bao Wang· 2026-01-28 09:17
SK Innovation表示,结束与福特汽车的电池合资公司后,将产生3.7万亿韩元(约合26亿美元)的 资产损失。SK Innovation与福特汽车上月表示,将终止BlueOval计划。两间公司于四年前宣布这项耗资 110亿美元、在美国建设三间电池工厂及一间电动农夫车组装厂的计划。在结束合作后,福特将接管合 资公司位于肯塔基州的两间厂房,而SK Innovation旗下的电池部门SK On将营运位于田纳西州的工厂。 ...
Ford Dominates Market For Compact Pickups, A Positive For Shell-Shocked Investors (NYSE:F)
Seeking Alpha· 2026-01-27 23:26
Ford Motor Co. ( F ) absorbed a blow to its balance sheet on Dec. 15 with the massive restructuring charge of $19.5 billion, which coincided with the decision to scrap its slow-selling F-150 Lightning battery-electric pickup and substantially de-emphasize battery electricI am a journalist based in Detroit, having spent almost my entire career writing about business and economic subjects for The Wall Street Journal, New York Times, Detroit Free Press and Bloomberg. I'm the author of two books and am an ackno ...
GM expects to top Ford in U.S. vehicle production as it faces up to $4 billion in tariff costs
CNBC· 2026-01-27 16:26
Core Insights - General Motors (GM) aims to increase its domestic production to an industry-leading 2 million units annually, driven by the need to mitigate tariff costs which amounted to $3.1 billion in 2025 [1][2] Production Plans - GM plans to ramp up production by adding gas-powered crossovers from Mexico to plants in Kansas and Tennessee, as well as full-size SUVs and pickup trucks to an idled plant in Michigan, potentially reaching its production goal by 2027 [3] - The company expects to outproduce Ford Motor, which assembled 2.1 million vehicles in the U.S. in 2024, thereby reclaiming its title as the top assembler of vehicles in the U.S. [2][4] Tariff Costs - GM's expected tariff costs for 2026 are projected to be between $3 billion and $4 billion, aligning with the $3.1 billion incurred in 2025, which was lower than previous estimates of $3.5 billion to $4.5 billion [2][6] - The company has managed to reduce its net tariff exposure through self-help initiatives and supportive policy actions, although costs could rise depending on duties on vehicles imported from South Korea [7]