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Rising Demand for Hybrids and EVs Helped Lift Ford's February Sales
Investopedia· 2024-03-04 21:50
Key TakeawaysFord Motor Co.'s February sales increased 10.5% from the year-earlier period as demand for electric vehicles (EVs) and hybrid vehicles jumped.EV sales skyrocketed 81% in the latest month, while hybrid sales were up 32%. However, the vast majority of Ford's sales—nearly 90%—continued to be from traditional internal combustion engine vehicles.Ford posted an unexpected drop in sales of its F-series truck lineup during February. Ford Motor Co. (F) shares gained Monday after the carmaker reported a ...
Ford sales jump 10.5% in February, led by gains in hybrids and EVs
CNBC· 2024-03-04 15:34
A 2022 Ford Motor Co. Maverick compact pickup truck during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022.DETROIT – Ford Motor's U.S. sales jumped 10.5% last month compared to February 2023, led by increases in its hybrid and all-electric vehicles sales.The Detroit automaker on Monday reported sales of 174,192 cars and trucks for February. The results included an 81% jump in EV sales and roughly 32% uptick in hybrid models. Sales of traditional internal combustion engines also increa ...
Global Sports Equipment and Apparel Market Size is Estimated to Reach USD 1030 billion by 2030, Growing at a CAGR of 7.4%: Straits Research
Newsfilter· 2024-03-04 14:35
New York, United States, March 04, 2024 (GLOBE NEWSWIRE) -- Sports equipment are the valuable items necessary for participating in a sport and adhering to its rules and regulations. Moreover, this equipment and clothes are necessary for enhancing the performance of athletes. The sports equipment market is expanding rapidly due to the growing acceptance of breakthrough sports technologies and the newest fashion trends among the youth. Manufacturers can sustain themselves in a competitive marketplace, attract ...
The Electric Avenue: 3 Must-Own Stocks Fueling the EV Revolution
InvestorPlace· 2024-03-01 19:22
The peak for investing in EV stocks is far into the future, thus making these companies potentially lucrative investment options for discerning investors. Not only do these companies trade at attractive valuations, but robust free cash flow projections support their long-term outlooks, and many of them are gearing up for short-term profitability as well.EV stocks are here to stay despite their short-term weaknesses in deliveries. It’s due to these short-term problems that I feel enhance their bull case even ...
Tesla stands to earn billions of dollars a year by opening U.S. charging stations to drivers of Ford and other EVs
CNBC· 2024-03-01 00:02
As of Thursday, owners of Ford electric vehicles — the Mustang Mach-E and F-150 Lightning — in North America finally have the ability to power up using Tesla Superchargers.Ford CEO Jim Farley wrote in a post on LinkedIn that the charging partnership, which involves use of fast-charging adapters, should "improve the EV ownership experience," for Ford EV drivers, noting that "I've tested it myself and its works great."Tesla has forged a similar agreement with General Motors, which was announced in June, givin ...
Are Investors Undervaluing Ford Motor (F) Right Now?
Zacks Investment Research· 2024-02-29 15:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics an ...
Ford's adventure with Tesla superchargers officially begins
TechCrunch· 2024-02-29 13:00
Owners of Ford EVs now have access to more than 15,000 Tesla superchargers across the U.S. and Canada, nine months after the two automakers struck a deal that would eventually ripple through the rest of the automotive industry.New and existing Ford EV owners can receive a free adapter to access Tesla’s fast charging stalls, but they must be enrolled in Ford’s BlueOval Charge Network and order the adapter by June 30, 2024 at Ford.com/FastChargingAdapter. Future Ford EV customers will be able to buy the adapt ...
Ford rolls out Tesla Supercharging for EVs. Here's what drivers need to know
CNBC· 2024-02-29 13:00
DETROIT – Ford Motor is rolling out Tesla Supercharging capabilities to owners of its electric vehicles in the U.S. and Canada. The launch begins Thursday, but is expected to be supply constrained at the start.The Detroit automaker was the first to announce a deal with Tesla to utilize the EV maker's Supercharger network. The vast majority of automakers in the U.S. have since followed. Under the deals, companies such as Ford will adopt Tesla's charging port for future EV models.In the meantime, an adapter i ...
Hybrids lead Consumer Reports' top 10 new vehicle picks
CNBC· 2024-02-27 15:00
Hybrid vehicles led the 2024 top vehicle rankings released Tuesday by influential product testing organization Consumer Reports.Such "electrified" vehicles, including plug-in hybrid models, represented six of the top 10 picks by the nonprofit consumer organization. The non-hybrid models rounding out the list were the all-electric Tesla Model Y crossover and three gas-powered vehicles with no hybrid variants.It marks the second consecutive year that seven electrified or fully electric vehicles have been incl ...
Ford pauses shipments of new F-150 Lightning EVs
Fox Business· 2024-02-25 19:42
Ford Motor Company said Friday that it has halted shipments of all 2024 model year F-150 Lightning electric pickup trucks so that the company could perform quality checks for an unspecified issue. The Detroit automaker said the pause on shipments began on Feb. 9 and didn't say when it expected to resume shipments of the EV truck that had begun in January. A Ford spokesperson declined to specify what quality issue is being checked while the stop-ship order is in place, Reuters reported. Ford did not immediat ...