AUSTIN, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Arctic7, which provides a robust suite of full game and co-development services together with own intellectual property development within gaming, and transmedia and virtual production services for the movie and TV industry, has today announced it is working on David Ayer’s groundbreaking series Lollipop. Arctic7 recently announced that it has entered into the definitive documents phase towards its acquisition by Grom Social Enterprises, Inc. (NASDAQ: GROM), ...

Ford's commercial business was once seen as a weakness, but that's far from the case today.It's always nice when management at a major company such as Ford Motor Company (F -0.84%) can flip a weakness into a strength. Ford has done exactly that with its commercial business. It was once a black eye for the company as it sold fleets of vehicles to rental companies at razor-thin margins and, sometimes, losses.Right now, Ford Pro, the company's commercial division, is thriving and even outproducing Ford's tradi ...

Vera Tikhonova Travelers are set to hit the open road this 4th of July. It's expected to be a strong travel stretch, building upon bullish auto sales trends so far this year. According to WardsAuto, May US light vehicle sales increased by 0.8% year-over-year (adjusted for selling days). That resulted in a seasonally adjusted annualized rate of 15.9 million vehicles, above estimates, according to BofA. Amid challenges in the EV market, traditional ICE autos and hybrid vehicles are seeing healthy demand despi ...

At a time many automakers are dealing with EV demand slowing to a crawl, Ford quietly posted one of its best months for EV sales.The pessimism around electric vehicle (EV) sales growth is palpable right now. It seems every day there's a new announcement from a major automaker about delaying a new EV launch, pulling back on billions in investment plans, or altering plans for new battery factories.In other words, 2024 is looking like it's going to be a tough year for EV investors. But someone forgot to tell F ...

TORONTO, June 20, 2024 (GLOBE NEWSWIRE) -- Ahead of the Toronto District School Board’s final budget meeting on Wednesday afternoon, concerned Ontarians issued a rallying cry to Premier Ford: Stop the Cuts and Fund Our Schools.  Since Premier Ford took office in 2018 he and former Minister for Education Stephen Lecce have cut school budgets by $1,500 per student per year. For the last six years this has forced school boards across the province to exhaust their reserve funds especially during the pandemic. F ...

Ford Motor Company (F) is planning additional job cuts in Germany, Spain and the U.K., per Reuters.Per Benjamin Gruschka, head of the works council at Ford's Cologne plant, it is unclear how many jobs will be cut in Germany under the new restructuring plan. A decision is anticipated by the end of June.Ford has completed half of its previous restructuring plan, which involved cutting 2,300 jobs in Germany, reducing the workforce there to 13,000. Last year, the company announced it would cut 3,800 jobs in Eur ...

The transportation industry is one that will always exist, and there will never be a time when it will not grow. People are always looking to travel more efficiently, and the push for innovation will continue. Transportation stocks are the types that investors can feel comfortable to buy now for the long term. The global transportation services market, valued at $7.31 trillion in 2022, is expected to double to around $15.94 trillion by 2032, reflecting a robust CAGR of 8.11%. The transportation industry has ...

Employees on the assembly line produce cars in Mazda's "Family" line of vehicles at China First Automobile Works (FAW) Group Haima Automobile Co., Ltd. April 6, 2005 in Haikou, Hainan Province, China.DETROIT – The traditional Detroit automakers – General Motors, Ford Motor and Stellantis – should exit the Chinese market "as soon as they possibly can," Bank of America's top automotive analyst said Tuesday.The warning from BofA Securities research analyst John Murphy comes amid unprecedented competition in Ch ...

In Ford's ambitious push into EVs, the company is losing a staggering amount on each vehicle.Unless investors have closed their eyes and covered their ears, they've likely heard that electric vehicle (EV) sales growth in the U.S. market has slowed to a crawl. That's become a big headache for major automakers such as Ford Motor Company (F -0.04%), which had planned to invest billions of dollars into its EV segments and battery factories.The news gets a little worse, as a recent report just noted the staggeri ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, June 18:Sasol Limited (SSL) : This integrated chemical and energy company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days.Sasol Limited has a price-to-earnings ratio (P/E) of 2.58 compared with 6.3 0 for the industry. The company possesses a Value Score of A.Ford Motor Company (F) : This automobile company carries a ...