Good Tuesday morning. Welcome to opening bid. I'm Yahoo Finance executive editor Brian Sazi.I'm coming in hot today. I had a lot of caffeine. So, if you're in that easy peasy holiday mindset, it's time to get out of it. Get out of it now.Here are my uh five things that you need to know today. One, gold prices have hit another record and are up a sparkly 70% this year. Gold has seen 50 record highs this year.Two, copper prices have also hit another record. Copper is up 30% this year. Sure is lots of copper b ...

Core Insights - Ford is recalling over 272,000 hybrid and electric vehicles due to a software issue with the Integrated Parking Module (IPM), which may fail to lock the vehicle in park, increasing crash risk [1][8] - The recall affects specific models including 2022-2026 F-150 Lightning, 2024-2026 Mustang Mach-E, and 2025-2026 Maverick, with an estimated 1% of these vehicles likely to have the defect [2][8] - Ford plans to address the issue with a free software update, either over the air or through dealer installation [2] Financial Performance - Ford reported third quarter 2025 consolidated revenues of $50.5 billion, a 9% increase from the previous year, with automotive revenues at $47.2 billion, also up 9% from $43 billion [4] - The Ford Blue segment's total wholesale volume increased by 2% year over year to 733,000 units, with revenue rising 7% to $28 billion [5] - Ford Model e sales surged 57% year over year to 50,000 units, with revenues jumping 52% to $1.8 billion [5] Safety and Production Updates - Ford has not reported any accidents or injuries related to the recall, but there have been warranty claims potentially linked to the software issue [3] - The recall follows Ford's announcement of ending production of the current F-150 Lightning, with plans for a next-generation extended-range electric vehicle [4]

Core Viewpoint - The U.S. automotive industry is transitioning to a more realistic approach regarding electric vehicles (EVs), moving away from initial euphoria to a focus on consumer demand and market realities [2][10]. Industry Overview - Early 2020s saw high expectations for EVs, but consumer demand did not meet projections, leading automakers to reassess their strategies [2][19]. - Automakers have incurred significant financial losses, with GM reporting a $1.6 billion impact from reduced EV investments and Ford expecting $19.5 billion in restructuring costs [5][19]. Consumer Demand and Market Dynamics - U.S. EV sales peaked at 10.3% of the new vehicle market in September but fell to an estimated 5.2% in the fourth quarter [9]. - The end of federal incentives for EV purchases in September has contributed to a slowdown in demand and sales [24][25]. Strategic Shifts by Automakers - GM plans to focus on large trucks and SUVs, with limited expansion in EV offerings, while also considering plug-in hybrids [14]. - Ford is shifting investments towards hybrid vehicles and smaller, more affordable EVs, canceling plans for a new generation of large all-electric trucks [15]. - Stellantis is deprioritizing EVs, including for its Jeep brand, to boost U.S. sales [15]. Long-term Outlook - Industry experts believe the long-term direction towards electrification remains, but the timeline is being adjusted, with EVs expected to comprise 19% of the U.S. market by 2030 [10][12]. - Automakers are expected to expand hybrid offerings to align with current consumer preferences [10]. Tesla's Influence - Tesla's success has created a unique market for its brand rather than a general market for EVs, influencing other automakers' strategies [20][21]. - The influx of new EV companies has led to many failures, highlighting the challenges in replicating Tesla's success [22][23].

Core Viewpoint - The Trump administration's decision to halt the Corporate Average Fuel Economy (CAFE) standards marks a significant shift in U.S. automotive regulation, impacting energy, environmental, and industrial policies [1]. Group 1: Policy Changes - The new regulations set the fuel efficiency target for 2031 vehicles at 34.5 miles per gallon (mpg), a substantial decrease of 31.5% from the previous target of 50.4 mpg [4]. - The elimination of the CAFE standards means automakers will no longer need to invest heavily in research and development to meet stringent fuel efficiency requirements, allowing them to focus on producing more profitable traditional fuel vehicles and larger models [5]. Group 2: Economic Implications - The policy change is expected to save consumers at least $1,000 when purchasing new vehicles, with potential for even greater savings [3]. - Under the Trump administration, $700 billion has been invested in the U.S. automotive industry, with significant investments announced by major automakers such as Ford and Stellantis [3]. Group 3: Industry Reactions - The automotive industry has largely welcomed the decision, with industry leaders stating that the previous CAFE standards were unrealistic and burdensome [5]. - The oil industry has expressed optimism that higher fuel consumption vehicles will boost gasoline demand and support traditional energy sectors [6]. Group 4: Environmental Concerns - The cessation of CAFE standards is anticipated to lead to stagnation or regression in vehicle fuel efficiency, resulting in increased fuel costs for consumers [6]. - Critics argue that the rollback of these standards could hinder technological advancements in the automotive sector, which have historically been driven by the need to meet fuel efficiency regulations [6].

Since first turning bullish on Ford Motor Company ( F ) in May 2021 (total return of ~60% but the S&P 500 ( SP500 ) has outperformed F easily), I have hardly looked back. There have been major bumpsDilantha De Silva is an experienced equity analyst and investment researcher with over 10 years in the investment industry. He writes insightful articles for Seeking Alpha, GuruFocus, TipRanks, and ValueWalk, with a significant following on Seeking Alpha. Dilantha’s expertise spans across various sectors, with a ...

（来源：起点锂电） 连续斩单路上，LG新能源迎来首个巨额订单终止！ 近日，据LG新能源披露，公司已收到福特方通知，终止2024年双方签署的9.6万亿韩元（约合458.41亿 元人民币）电池供应订单。 以此同时，福特方面已经进行战略调整。福特12月15日宣布预计将计提约195亿美元的资产减记，主要 由于其电动汽车业务重组。 作为战略调整的一部分，福特决定停产多款纯电动汽车车型，包括全电动F-150 Lightning皮卡、代号T3 的下一代电动卡车以及电动商用厢式车。业务重心将转向混合动力车型、增程式电动汽车及储能领域。 唯一保留的纯电项目是计划于2027年推出的售价3万美元中型电动皮卡。 相关文件显示，LG新能源收到合同终止通知，主要由于福特方近期市场变动和电动汽车需求预测变化 而停止生产某些电动汽车（EV）车型。 以2025年业绩来算，LG新能源今年前三季度总营收大约为17.6万亿韩元，本次被取消的订单价值约占1- 9月总营收的54.5%；以2024年25.6万亿韩元营收计算，被取消的订单价值约占去年全年总营收的三成。 对此LG新能源表示，此次取消的订单批次原计划于2027年后开始供应。后续会进行相应合同的 ...

Core Viewpoint - LG Energy Solution has received a termination notice from Ford regarding a battery supply order worth 9.6 trillion KRW (approximately 45.84 billion RMB), primarily due to changes in market conditions and electric vehicle demand forecasts [3][4]. Group 1: Order Termination Details - The terminated order was originally planned to start supplying in 2027 and is valued at approximately 54.5% of LG Energy Solution's total revenue for the first three quarters of this year, which is about 17.6 trillion KRW [3][4]. - The canceled order represents about 30% of LG Energy Solution's projected total revenue of 25.6 trillion KRW for 2024 [3][4]. - The contract termination affects a 75GWh order, while a separate 34GWh contract remains active [9]. Group 2: Ford's Strategic Adjustments - Ford announced a strategic shift, planning to write down approximately $19.5 billion in assets due to restructuring its electric vehicle business, which includes halting production of several electric vehicle models [10]. - The decision to cancel certain electric vehicle models is attributed to changes in U.S. policies, which have diminished the competitiveness of electric vehicles in the market [11][12]. - Ford's electric vehicle sales in November dropped by 42.6% year-on-year, reflecting a broader decline in the U.S. electric vehicle market [12][13]. Group 3: Focus on Energy Storage - Ford is reallocating investments from unprofitable electric vehicle projects to more lucrative areas, particularly energy storage [15]. - The company plans to invest approximately $2 billion over the next two years to expand its energy storage business, targeting a production capacity of 20GWh by 2027 [18]. - Ford aims to produce lithium iron phosphate batteries and energy storage systems, leveraging its existing manufacturing facilities [19]. Group 4: Industry Trends - Other automakers, such as Tesla and General Motors, are also expanding their energy storage offerings, indicating a shift in focus within the automotive industry towards energy solutions [20][21]. - The automotive sector is increasingly recognizing the importance of energy storage as a significant growth area, especially in light of rising electricity demands in the U.S. and Europe [22].

以下文章来源于财经三分钟 ，作者杨瑞 财经三分钟 . 4 亿中产财经资讯平台，专注深度财经商业报道。由财经媒体人杨瑞团队执笔，出品《广州租售同 权》、《北京学区房多校划片》、《国家抢占人工智能制高点》等多篇千万级刷屏文章。 作者：杨瑞 来源：财经三分钟 国外车圈的"火药味"，从来都不输 国内 。 近期福特收缩电动汽车战略的消息，直接点燃了特斯拉CEO马斯克的"吐槽欲"。 在X平台上，他对网友的一条评论给出了斩钉截铁的回应，字里行间全是对传统车企转型态度的不 屑。 一位网友写道："福特仍然认为生产电动汽车的原因是为了减少排 放，这一事实告诉你，传统汽车 对这种模式转变的理解是多么的少。自主是一股浪潮。一旦汽车实现自主化，燃油汽车的运营成本 将完全无法维持。减少排放只是一个副作用。电动汽车从根本上来说是一个更好的自动驾驶平台。 这就像在白炽灯商业化之后投资新的捕鲸船一样。" ------------------------------ 马斯克 对此回应 ： "完全正确。多年前，我就说过，非自主内燃机汽车就像一边骑马一边使用翻 盖手机，但你不可能把一个好主意硬塞给传统行业。他们只会 执意消亡 。" ▲ 图源：社交平 ...

Core Viewpoint - The cancellation of federal electric vehicle (EV) tax credits in the U.S. has led to a significant decline in EV sales, marking a downturn for the industry that heavily relied on government support [5][7][11]. Group 1: Impact of Policy Changes - The "One Big Beautiful Bill" enacted on October 1 ended the federal EV tax credit, which previously provided $7,500 for new electric vehicles and $4,000 for used ones, leading to a sharp decline in consumer demand [7][8]. - Following the end of the tax credit, EV sales in October plummeted by 30.3% year-over-year and 49% month-over-month, with only 91,000 units sold, resulting in a market penetration rate of 5.8% [8]. - November saw an even steeper decline, with sales dropping by 40% year-over-year to 76,000 units, further decreasing the penetration rate to 5.1% [8]. Group 2: Market Reactions and Adjustments - Traditional automakers are scaling back their electric vehicle ambitions, shifting focus to hybrid and traditional fuel vehicles due to the lack of consumer demand and profitability in the EV sector [19][20]. - Ford announced a $19.5 billion asset write-down, with $8.5 billion attributed to its EV division, and is halting production of its F-150 Lightning electric truck to focus on hybrid models [21][22]. - General Motors is also adjusting its electric vehicle strategy, postponing production timelines and reducing its electric vehicle output targets due to the changing regulatory environment [19][20]. Group 3: Comparison with China - The U.S. EV market is experiencing a stark contrast to China, where EV sales reached 11 million units last year, accounting for 40% growth, while the U.S. market saw only a 7% increase [12]. - The disparity in EV adoption is attributed to the U.S. government's inconsistent policies, which have created uncertainty for manufacturers and consumers alike [12][19]. - American consumers face significant barriers to EV adoption, including higher prices, lack of charging infrastructure, and concerns over vehicle depreciation and insurance costs [14][16].

Core Viewpoint - Baytex Energy Corp. has strategically sold its U.S. Eagle Ford assets for net proceeds of $2.14 billion USD, enhancing its financial position and allowing a focus on its Canadian energy operations [1][6] Financial Strategy - The proceeds from the asset sale will be utilized to repay outstanding credit facilities and redeem 8.50% Senior Notes due 2030, as well as to initiate a cash tender offer for $575 million USD of 7.37% Senior Notes due 2032, aiming to reduce debt and improve liquidity [2][6] - Baytex is now in a net cash position following the asset sale, which strengthens its financial flexibility [2][6] Shareholder Returns - The company is committed to returning a substantial portion of the net proceeds to shareholders by resuming share purchases under its normal course issuer bid, reflecting confidence in its financial health and future prospects [3][6] Operational Strength - Baytex operates in the Western Canadian Sedimentary Basin, including high-quality oil plays in Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan, which consistently generate strong cash flow, positioning the company for long-term value creation [4] Future Outlook - Baytex is expected to release its 2026 guidance on December 22, 2025, which will provide insights into its future plans and financial outlook as it continues to focus on sustainable growth and value for shareholders [5]