Former Tesla Inc. (NASDAQ:TSLA) President for Global Sales and Service, Jon McNeill, thinks that the EV sector can grow without subsidies like the $7,500 EV Credit, which ended after President Donald Trump‘s September 30 deadline.Check out the price of TSLA here.Europe Wrote Subsidies Off, Says Jon McNeillMcNeill, who currently serves as a member of the General Motors Co. (NYSE:GM) Board, spoke to CNBC in an interview on Thursday, where he shared his thoughts. "This is one of the few markets where the U.S. ...

Core Insights - CEO Jim Farley reflects on his five-year tenure at Ford, highlighting the surprises and the strong foundation built with the team [2] - Ford has made significant progress in reducing its cost disadvantage compared to General Motors, achieving a billion-dollar year-over-year cost reduction without restructuring [3] - The company is optimistic about the potential benefits from recent EPA emissions rule changes, which could serve as a tailwind for the industry [5] Financial Performance - Ford reported strong Q3 deliveries with 85,789 electrified units sold, marking a 19.8% increase in sales [6] - The F-150 continues to be the best-selling pickup truck in the U.S. for the 49th consecutive year [6] Strategic Initiatives - Ford is extending EV credit beyond the September 30 deadline, providing incentives for EV purchases until the end of the year [7] - The company is facilitating this by making down payments on EVs through its financing arm to qualify for the credit [7] Market Reaction - Ford and GM reached 52-week highs on the NYSE, driven by investor optimism regarding the Trump administration's favorable policies for ICE-powered vehicles [8] - Despite the positive market response, Ford faces challenges with several recalls, including over 115,000 F-250, 350, and 450 pickup trucks due to steering column issues [8]

Tesla urged US environmental regulators to maintain ambitious tailpipe emissions standards that were put in place to push the industry to sell electric vehicles in larger numbers https://t.co/1EcciAxGNh ...

President Donald Trump’s push to cut federal sales incentives and roll back emissions standards is shaping up to be a multibillion-dollar gift to Detroit’s automakers as they shift investments into gasoline-fueled cars https://t.co/0fEdCdF17e ...