
Ryan Blaney knocks off Shane van Gisbergen for pole at Watkins Glen
Blaney turned a lap of 1 minute, 11.960 seconds in the No. 12 Ford, edging van Gisbergen's No. 88 Chevrolet (1 minute, 11.993 seconds).

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CBC
32 minutes ago
- CBC
GM announces plans to build more Chevy Silverados in Michigan
General Motors said on Tuesday it is expanding production of its gas-powered SUVs and trucks and is adding new capacity for Chevrolet Silverado and GMC Sierra light duty pickups at a Michigan assembly plant. The Silverado is also manufactured at GM's Oshawa assembly plant. GM announced in May that it would drop from three shifts to two at the plant in the fall, a move a spokesperson said at the time was linked to "the evolving trade environment." Around 700 workers will be impacted, the union representing them said at the time. The vehicle is also assembled at factories in the U.S. and Mexico, Unifor said. GM said Tuesday it is also moving its Cadillac Escalade to the same Michigan plant that will produce the additional Silverados. The Escalade is currently being produced in Arlington, Texas, alongside other large SUVs such as the GMC Yukon, Chevrolet Suburban and Chevy Tahoe.


Globe and Mail
40 minutes ago
- Globe and Mail
Is Ford Trading EV Delays for Long-Term Gains in Affordable Models?
U.S. legacy automaker FordF is pushing back two major electric vehicle (EV) launches as it shifts focus to smaller, cheaper EVs that can turn a profit. The next-generation full-size electric pickup, known internally as 'Project T3' and set to replace the F-150 Lightning, will now debut in 2028. That's a few months later than the previous 2027 target — and far from its original plan to hit the market this year. The truck will be built at Ford's BlueOval City plant in Tennessee, with prototypes still expected in 2027. Ford's next-generation E-Transit electric van has also been delayed from 2026 to 2028. Planned for production at the Ohio Assembly Plant, the van was first announced in 2022 with a mid-decade launch in mind. These delays mark another adjustment to Ford's EV strategy. Instead of pushing out large, high-priced EVs, the automaker is investing in a new platform for compact, affordable electric vehicles. The platform is expected to underpin several models, including a small pickup truck due in 2027. More details on this are expected to be announced tomorrow. Ford's CEO Jim Farley has pointed to Chinese automakers as the company's main EV competitors, noting their ability to produce stylish, high-quality electric cars at inexpensive price points. To stay competitive, Ford is aiming to reduce costs with streamlined platforms and lower-cost batteries. Ford's current EV lineup — Mustang Mach-E, F-150 Lightning and E-Transit — remains in place, but the next-gen models will arrive later than planned. The bet now is that smaller, more affordable EVs will help the brand stay relevant and profitable in a competitive global market. Whether this pivot works will depend on how fast Ford can bring its affordable EVs to market — and how well they stack up against the offerings from China and other competitors. The delays in its flagship EV truck and van could concern some customers, but they also give Ford breathing room to focus on profitability and cost leadership. The Zacks Rundown on Ford Shares of Ford have increased around 15% over the past year, underperforming the industry as well as its closest peer General MotorsGM but outperforming the Italian American carmaker StellantisSTLA. While shares of General Motors have gained 24.6%, Stellantis stock has declined 38% over the same timeframe. Image Source: Zacks Investment Research From a valuation standpoint, F trades at a forward price-to-earnings ratio of 0.28, below the industry average. It carries a Value Score of A. Meanwhile, General Motors and Stellantis trade at just 0.29X and 0.16X, respectively. Image Source: Zacks Investment Research See how the Zacks Consensus Estimate for Ford's earnings has been revised over the past 60 days. Image Source: Zacks Investment Research F stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here See our %%CTA_TEXT%% report – free today! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research


Winnipeg Free Press
2 hours ago
- Winnipeg Free Press
Twins reinstate Byron Buxton from injured list to start series vs. Yankees
NEW YORK (AP) — The Minnesota Twins reinstated center fielder Byron Buxton from the 10-day injured list on Monday before beginning a three-game series against the New York Yankees, after the All-Star missed 13 games with inflammation in his left rib cage. Buxton was sidelined just before the Twins tore down their roster leading to the trade deadline. He was batting .282 with 68 runs, 23 homers, 59 RBIs and a .905 OPS in 85 games when he went on the IL, all team-leading totals and averages among players with a qualifying amount of at-bats. The Twins sent outfielder Carson McCusker to Triple-A St. Paul to make room for Buxton, who also has stolen 17 bases in 17 attempts. Despite the rib cage issue and a concussion that cost him time earlier, Buxton has been as healthy as he has in several seasons. He's on pace for the second-most games in his 11-year major league career, behind the 140 games he played in in 2017. Thursdays Keep up to date on sports with Mike McIntyre's weekly newsletter. ___ AP MLB: