Key TakeawaysFord will expand manufacturing of Super Duty pickups at a plant in Canada that was expected to build EVs, including three-row SUVs.The automaker plans to spend $3 billion to boost production, because it can't keep up with demand.Ford said it remains committed to making three-row electric SUVs. Ford Motor (F) on Thursday said it was expanding production of its Super Duty pickup trucks to a Canadian plant that was previously scheduled to be converted to electric vehicle (EV) manufacturing. The co ...

Ford said Tuesday it will expand production of its Super Duty trucks to a factory in Canada that was slated for a $1.34 billion transformation into an assembly plant for its next-generation of electric vehicles.The U.S. automaker said it will start producing F-Series Super Duty pickups at its Oakville Assembly plant in Ontario, Canada, beginning in 2026 — a move that will add capacity of about 100,000 units annually. The decision will also further delay plans for a three-row electric vehicle, which was supp ...

ToplineFord will invest about $3 billion to expand production of its F-Series trucks, manufacturing some of the vehicles at a Canadian plant previously reserved for electric vehicle production, the company announced Thursday, as Ford and other automakers react to a slowed electric vehicle market.The automaker estimated losses of up to $5.5 billion from its eclectic vehicle business this year. AFP via Getty Images Key FactsThe investment includes $2.3 billion to expand production for F-Series Super Duty truc ...

TORONTO, July 18, 2024 (GLOBE NEWSWIRE) -- The leader of the United Steelworkers (USW) union in Ontario is calling for an urgent meeting with Premier Doug Ford to ramp up efforts to re-open the AV Terrace Bay pulp mill, the northwestern Ontario community’s largest employer before it closed six months ago. The pulp mill, owned by the India-based Aditya Birla conglomerate, was indefinitely idled in early January. The mill employed 400 workers, including 270 USW members, and was the economic engine of Terrace ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are underva ...

Ford Motor Co. is investing $3 billion to expand production capacity for one of its most popular and profitable vehicles.  The company announced on Thursday that it's adding its third North American assembly plant for its F-Series Super Duty trucks, its heavy-duty line of pickups. The plan will initially add capacity for 100,000 vehicles, Ford said.The plant, located at Oakville Assembly Complex in Ontario, Canada, is an effort by the company to maximize its manufacturing footprint and expand its Ford Pro c ...

DETROIT – Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub.The new plans include investing about $3 billion to expand Super Duty production, including $2.3 billion at Ford's Oakville Assembly Complex in Ontario, Canada, Ford said Thursday. The remaining investment will be used to increase production at supporting facilities in the U.S. and Canada, the company said.Ford currently produces Super Duty t ...

Is it time to give up on China, focus on trucks and SUVs, and wait until the third generation of EVs hits the road?Ford Motor Company (F 0.62%) sold nearly 450,000 internal combustion engine vehicles during the first quarter compared to a much more modest 59,000 electric vehicles (EVs) and hybrids.Despite those figures heavily favoring combustion engine sales, the automaker actually lost more money on its Model e division than it made with its Ford Blue traditional combustion engine business. That's leading ...

Ford stock has risen for five straight days this week, adding to a strong past month.After a slow start to the year, Ford Motor Company (F 0.62%) stock has been charging higher over the last month. Its nearly 24% gain in the past month has boosted the year-to-date return to almost 19%. Yet Ford stock has still gone effectively nowhere over the last one- and three-year periods.But one Wall Street analyst sees its recent gains continuing.Barclays analyst Dan Levy thinks strong demand and stable pricing will l ...

CHICAGO, ILLINOIS - JUNE 05: Ford Mustang Mach E electric vehicles are offered for sale at a ... [+] dealership on June 05, 2024 in Chicago, Illinois. (Photo by Scott Olson/Getty Images)Getty ImagesFord stock has risen by about 15% year-to-date, compared to fellow U.S. auto giant GM which has gained close to 30% over the same period. A bulk of Ford’s gains have come over the last month or so, with the stock rising by almost 20% over the past month. Although Ford’s earnings for Q2 2024 due in the coming week ...