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Ford to use Renault technology, plants for cheaper European EVs to fend off Chinese rivals
Reuters· 2025-12-09 06:05
Core Insights - Renault and Ford will collaborate to develop small, affordable electric vehicles specifically for the European market [1] - The partnership will also focus on producing commercial vans to reduce costs and address increasing competition from Chinese manufacturers [1] Company Collaboration - Renault and Ford are entering a joint development agreement for electric vehicles aimed at the European market [1] - The collaboration includes the production of commercial vans, which is intended to streamline costs and enhance competitiveness [1] Market Competition - The partnership is a strategic response to the rising competition posed by Chinese automotive manufacturers [1]
Ford and Renault Team Up in Europe to Compete Against Low-Price Chinese Cars
WSJ· 2025-12-09 06:00
Group 1 - The French carmaker is set to build two entry-level electric vehicles as part of a strategy to relaunch Ford's struggling European business [1]
Ford Announces Next Phase of European Strategy: New Strategic Partnership, Product Offensive, and Call for Policy Alignment
Prnewswire· 2025-12-09 06:00
Core Insights - Ford is reinforcing its commitment to the European market with a strategy focused on agility, cost efficiency, and a sharpened brand promise [1][2] - The strategy is built on three pillars: strengthening the Ford Pro commercial vehicle division, expanding the passenger car range, and optimizing the industrial system for scale and cost efficiencies [2][8] - A new product offensive will introduce multi-energy, affordable vehicles by 2028, enhancing Ford's competitiveness in the market [3][8] Strategic Partnerships - Ford has announced a strategic partnership with Renault Group to accelerate its European transformation, combining expertise and industrial scale [4][5] - The partnership includes the joint development of two Ford-branded electric vehicles on Renault's Ampere platform, set to arrive in 2028 [9] - A Letter of Intent (LOI) will explore the joint development and manufacture of light commercial vehicles, leveraging common platforms for efficiency [9][10] Ford Pro Division - Ford Pro is central to the company's European business, moving beyond hardware to offer a comprehensive ecosystem of software and services [6] - The Ford Liive Uptime system provided an estimated 820,000 additional days of vehicle uptime to European businesses in 2024 [6] Industrial Operations - Ford is evolving its industrial operations in Europe to support the shift to multi-energy vehicles, with the Valencia plant playing a critical role in enhancing the passenger vehicle portfolio [13] - The company has a history of successful partnerships in Europe, including collaborations with Koç Holding and Volkswagen, to strengthen its commercial vehicle and passenger car businesses [10][12] Policy Alignment - Ford calls for European policymakers to align CO2 targets with market realities, as the current share of electric vehicles in Europe is 16.1%, below the required 25% by 2025 [14] - The company proposes three steps for a successful transition to electrification, including aligning targets with reality, incentivizing the transition, and supporting the working economy [17]
JPMorganChase: Bezos to Advise Security and Resiliency Initiative
PYMNTS.com· 2025-12-09 00:48
JPMorganChase said Monday (Dec. 8) that Jeff Bezos and Michael Dell will be among the 12 members of an external advisory council for its new Security and Resiliency Initiative (SRI) that was announced in October.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all P ...
Trump fuel economy rollback may make cars cheaper, but higher gas bills will absorb savings
Reuters· 2025-12-08 16:47
The Trump administration's proposal to roll back Biden-era vehicle fuel efficiency standards may save automakers in the U.S. tens of billions of dollars and potentially lower upfront purchase costs fo... ...
What's Behind Ford's Recall of Nearly 109K Escape Vehicles?
ZACKS· 2025-12-08 16:06
Core Viewpoint - Ford Motor Company is recalling 108,762 vehicles in the U.S. due to potential issues with liftgate hinge covers that may detach, affecting specific Escape models from 2020-2022 and 2025 [1][8] Vehicle Recall Details - The recall includes 6,412 units from the 2025 model year and 102,350 vehicles from 2020-2022, with production periods from December 2, 2024, to April 1, 2025, for the 2025 models, and November 13, 2018, to April 5, 2022, for earlier models [2] - All affected North American Escape units are assembled at Ford's Louisville Assembly Plant in Kentucky [2] - Dealers will inspect, reinstall, or replace any missing liftgate hinge covers at no cost to the owners [3] Additional Recalls - Ford is also recalling nearly 12,000 Lincoln MKT vehicles from model years 2016-2019 due to potential issues with the B-pillar door trim that could come loose, increasing crash risk [4] Industry Context - Other automakers are also facing recalls, such as Stellantis recalling 72,509 Ram models due to a software malfunction and Rivian recalling 34,824 electric delivery vans for seat belt system defects [5][6] Financial Performance - Ford has outperformed the Zacks Automotive-Domestic industry year to date, with shares gaining 31.6% compared to the industry's growth of 16.2% [7] - From a valuation perspective, Ford appears undervalued, trading at a forward sales multiple of 0.32, significantly lower than the industry's 3.42 [10] Earnings Estimates - The Zacks Consensus Estimate for Ford's EPS has seen a slight decrease of 2 cents for 2025 and an increase of 1 cent for 2026 over the past 30 days [12] - Current EPS estimates for the upcoming quarters and years are as follows: - Current Qtr (12/2025): 0.10 - Next Qtr (3/2026): 0.27 - Current Year (12/2025): 1.07 - Next Year (12/2026): 1.40 [13]
The Shocking High-Yield S&P 500 Stock That Is Beating the Index 2-to-1
247Wallst· 2025-12-08 16:05
The S&P 500 is trading near its all-time high, propelled by relentless gains from the artificial intelligence (AI) boom. ...
Ford recalls 100K vehicles over faulty part that could detach while driving
New York Post· 2025-12-05 17:43
Ford is recalling more than 100,000 US vehicles over a faulty part that could detach while driving, increasing the risk of a crash, auto safety regulators said Friday.The recall includes certain 2020-2022 Escape and 2025 Escape vehicles, according to the National Highway Traffic Safety Administration.Ford said it estimates about 6% of the 108,762 recalled vehicles – or about 6,526 cars – have the problematic part.Ford is recalling more than 100,000 US vehicles over a faulty part that could detach while driv ...
Ford recalls nearly 109,000 vehicles, NHTSA says
Reuters· 2025-12-05 08:19
Core Points - Ford has recalled 108,762 vehicles in the U.S. due to issues with an improperly secured liftgate hinge cover that could detach from the vehicles [1] Group 1 - The recall affects a significant number of vehicles, indicating potential safety concerns that could impact consumer trust and brand reputation [1] - The National Highway Traffic Safety Administration (NHTSA) is involved in the recall process, highlighting regulatory oversight in the automotive industry [1]
Ford CEO hails Trump fuel standards reset as a 'victory' for affordability and common sense
Fox Business· 2025-12-04 15:26
Core Insights - The CEO of Ford Motor Co. supports the Trump administration's initiative to make automobiles more affordable, highlighting the potential for lower car prices and the introduction of new American-made vehicles due to recent regulatory changes [1][2]. Group 1: Regulatory Changes and Economic Impact - The rollback of the Corporate Average Fuel Economy (CAFE) standards under the Trump administration is seen as a positive move for affordability, allowing consumers more choice in vehicle types without being forced into electric vehicles [3][6]. - The White House claims that the reset of fuel-economy standards will save American families a total of $109 billion, contrasting with the Biden administration's stricter regulations that would have increased the average cost of a new car by nearly $1,000 [8][9]. Group 2: Market Trends and Consumer Preferences - Ford's CEO indicates that the adjustments in tariffs and more reasonable fuel economy standards will lead to a decrease in car prices, with a notable increase of 25% in the affordable range of vehicles offered by Ford in November, despite an overall market decline [10]. - The market demand is shifting towards affordable vehicles, as evidenced by the CEO's assertion that the company can now build what Americans want, which is more affordable options [10].