Latest news with #MustangMach-E
Business Insider
2 days ago
- Automotive
- Business Insider
'If It Doesn't Stay, it Will Imperil What We Do in Marshall.' Ford Stock (NYSE:F) Gains Despite Battery Factory Threat
Is there trouble ahead at legacy automaker Ford (F)? It may be so, as new signs of declining federal funding for electric vehicles may be about to hit Ford at the battery factory level. Especially given one of the big battery factories Ford has at Marshall. Investors took the news oddly well, though, and sent shares surging upward nearly 2.5% in Friday afternoon's trading. Confident Investing Starts Here: We know that the government has been looking to save a few trillion bucks ever since the Department of Government Efficiency (DOGE) got fired up in earnest. And while it has found a whole lot of potential savings—savings that, even now, are looking to be actively codified into law—there are always other places to look. And production tax credits for electric vehicle batteries may be on the chopping block next. That, in turn—notes Ford's executive chair Bill Ford—would '…imperil what we do in Marshall,' referring to the battery plant in Marshall, Michigan. Ford elaborated 'We made a certain investment based upon a policy that was in place. It's not fair to change policies after the expenditure has been made.' Indeed, Ford is not without a point, but Ford must keep in mind that that policy was made by an administration that no longer exists. Tackling Pikes Peak Annually, Ford has a particular goal in mind for its electric vehicles, a demonstration of their sheer capability known as the Pikes Peak International Hill Climb. Ford has been in on the action for the last three years, and delivered some impressive wins. But this year might be the most impressive yet, as Ford brings a Mach-E Mustang to the hill climb event, and it is looking pretty sharp. Ford revealed back in January that the Pikes Peak run would be a Mustang Mach-E event, and the early word out about the car intended for that run. Reports note that the nose design, and much of the front, is clearly reminiscent of a Mach-E, but the rest of the car has been fundamentally redesigned for the event. Packing a front splitter, a rear wing, and a rear 'ground effect tunnel,' this car has been given the full treatment to give it the best chance at Pikes Peak. The combined effect yields—brace yourself—6,125 pounds of downforce. We will see how this does once the event concludes in late June. Is Ford Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Hold consensus rating on F stock based on two Buys, 12 Holds and three Sells assigned in the past three months, as indicated by the graphic below. After a 15.75% loss in its share price over the past year, the average F price target of $9.71 per share implies 6.95% downside risk.
Perth Now
4 days ago
- Automotive
- Perth Now
Ford income falls 65 per cent as Trump's tariffs bite
Ford has postponed its full-year financial forecast, and announced US President Donald Trump's tariffs introduced in April will cost it $US2.5 billion ($A2.32 billion) and as much as $US1.5 billion ($A2.32 billion) in 2025 alone. The carmaker reported a 65 per cent fall in profits for the first three months of 2025 despite tariffs not coming into effect until April 3. Ford is the second carmaker in a week to drop its forecast with arch-rival General Motors (GM) – which said it's set to lose $US5-6 billion due to the tariffs – pushed its investor call after President Trump softened tariffs. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Supplied Credit: CarExpert The President's move gave carmakers temporary relief from tariffs on steel, aluminium and other imports being applied in addition to the standard automotive tariff. The automotive tariff – separate to additional 'reciprocal tariffs' announced later – applies a 25 per cent duty on vehicle imports into the United States (US). A secondary tariff applying to 'key' automotive parts came into force on May 3, 2025, further impacting supply chains for US carmakers. Ford has previously said it expected to be less impacted than most rivals as it has a large US manufacturing footprint, although it still produces the Mustang Mach-E electric SUV, for example, in Mexico. Supplied Credit: CarExpert It will also follow through with plans to increase highly profitable Ford F-Series Super Duty production in Ontario, Canada. The Super Duty name is set to arrive in Australian showrooms in 2026 on a tougher version of the Ranger. On Monday, May 5 the carmaker said it would not issue its usual forecast, saying the uncertainty around the tariffs prevented an accurate picture of the business for the remainder of 2025. 'Given material near-term risks, especially the potential for industry-wide supply chain disruption impacting production, the potential for future or increased tariffs in the US, changes in the implementation of tariffs including tariff offsets, retaliatory tariffs and other restrictions by other governments and the potential related market impacts, and finally policy uncertainties associated with tax and emissions policy, the company is suspending guidance,' a statement from Ford said. 'These are substantial industry risks, which could have significant impacts on financial results, and that make updating full year guidance challenging right now given the potential range of outcomes.' Supplied Credit: CarExpert It said it was on target to meet its previous forecast of between $US7-8.5 billion ($A10.83-13.15 billion) EBIT (Earnings Before Interest and Taxes) and will give its next update at the end of June 2025. The US carmaker's EBIT fell 63 per cent to $US 1 billion ($A1.55 billion) in the first quarter (January-March) 2025, with revenue down five per cent to $US40.7 billion ($A62.96 billion). Ford Pro, the brand's commercial vehicle unit responsible for the Ranger, Transit and F-150 sold in Australian showrooms, made $US1.3 billion (A$2.01 billion) – but this was 56 per cent down on the same period in 2024. The Blue Oval's 'Model e' electric car division – yet to turn a profit, which saw ex-Ford Australia President Kay Hart installed as its boss in February 2025 – is expected to have its best year to date. Supplied Credit: CarExpert It still posted a $US849 million loss ($1.31 billion) in the first quarter, but this was a substantial improvement over the $US1.3 billion ($A2.01 billion) loss over the same period in 2024. 'We are strengthening our underlying business with significantly better quality and our third straight quarter of year-over-year cost improvement, excluding the impact of tariffs,' Ford CEO Jim Farley said in a statement. In postponing its earnings call, cross-town rival GM's chief financial officer, Paul Jacobson, told Reuters: 'The future impact of tariffs could be significant… we're telling folks not to rely on the prior guidance, and we'll update when we have more information around tariffs.' US new vehicle sales were up 4.4 per cent year-on-year in the first quarter of 2025, led by Toyota ahead of Ford and GM, but with GM's 17 per cent year-on-year growth making it the only one of the trio posting a significant increase in sales.
Yahoo
4 days ago
- Business
- Yahoo
Tariffs are now affecting retail prices of imports; Here's how you can save money
(WHTM) — Tariffs are starting to affect the price of imports, so it may be time to buy sooner rather than later. Walmart has finally said what a lot of what many stores have been hedging about: Ot's about to start raising prices because of tariffs, but it turns out some retailers are already doing just that. Some of the first people to notice price hikes in the recent weeks were Temu and Shein shoppers, like Brenda Buschle. 'I buy a lot of stuff for my business,' said Buschle. 'This shirt is from Temu!' When the new Chinese tariffs hit, she says, prices on some items doubled. 'I had ordered a 3-pack of Capri pants,' said Buschle. 'They were $17, and they went up to $36.' Days later, we spoke with fish market owner Richard Barlion, who says his suppliers have raised some 10 percent.'Cod has been going up,' said Barlion. 'Halibut, that's Nova Scotia, Canada, swordfish is from Brazil through Mexico.' It's not just direct from China items, or imported food in your fridge, that are starting to see tariffs, as a number of retailers are now starting to raise prices. With a 30 percent tariff on Chinese imports and a 25 percent tariff on imported cars: Ford has just announced price hikes on cars made in Mexico, like the Bronco Sport and Mustang Mach-E. Stanley Black and Decker says it is starting to raise prices on tools and other Chinese-made items. Nintendo and Microsoft have just raised prices on gaming controllers and accessories. CNBC says many Amazon third-party sellers are starting to raise prices. Now, as U.S. warehouses start to run out of pre-tariff items… 'It's eventually going to run out, and they are going to have to raise prices even more,' said Buschle. If you are on the bubble about a big purchase this summer, you might want to buy it sooner rather than later, so you don't waste your money. Find more stories on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Euronews
5 days ago
- Automotive
- Euronews
The best new EVs coming to Europe in 2025
For anyone who thought the electric car boom was a bubble, you only need to look at recent EV sales to see that going electric is now well and truly a mainstream option. Nearly 3 million new electric cars were registered in Europe in 2024, according to EV Volumes. And with more brands branching out into the EV market in the works, consumers are becoming spoiled for choice when it comes to models. Here's our pick of the most eagerly awaited electric cars coming to Europe this year. Ford's top-selling compact crossover is now fully electric, joining the Explorer, Capri, and Mustang Mach-E in the Blue Oval's growing EV stable. As lively as ever, the Gen-E sprints from 0–100 km/h in 8 seconds, offers a practical 376 km range, and packs a cavernous 523-litre boot along with a 43-litre front boot into city-friendly dimensions. Inside, a 12.8-inch digital cluster, 12.0-inch touchscreen, wireless Apple CarPlay, and Alexa integration keep you connected on the move while 135 km of range in just 10 minutes makes charging easy. The Puma is back - now electric - and ready to repeat its success. What to know: Battery: ~50 kWh (43 kWh usable) | Range: 376 km (WLTP) Charge: 10–80 per cent in 23 mins | Space: 523L boot Price: ~€33,000 (est) | Date: On sale now (select markets) Rivals: Kia EV3, VW ID.3, Volvo EX30 Hyundai's new flagship SUV brings seating for up to seven with a 620 km range to the family EV segment. Built on the E-GMP platform with 800 V architecture, it charges from 10–80 per cent in just 24 minutes. The cabin focuses on calm and connectivity, with twin 12.3-inch displays, BOSE audio, swivel seating, and a panoramic roof. With three rows and a premium finish, the IONIQ 9 is built for long journeys and big families. What to know: Battery: 110.3 kWh | Range: Up to 620 km (WLTP) Charge: 10–80 per cent in 24 mins | Capacity: 620L boot Price: €73,000–€75,000 (est) | Date: On sale now in Korea; EU in summer 2025 Rivals: Kia EV9, Volvo EX90, Tesla Model X Kia's sleekest EV yet ditches SUV bulk for saloon-hatch elegance. Closely based on the EV3 there will be two battery options and up to 630 km range. It combines aerodynamic efficiency (Cd 0.23) with 150 kW performance and fast charging. Inside, a 30-inch display turns it into a rolling entertainment suite - complete with YouTube, Netflix, and even karaoke. Add in Vehicle-to-Grid (V2G) capability and a low-slung stance, and the EV4 could be the surprise star of 2025. What to know: Battery: 58.3 or 81.4 kWh | Range: Up to 630 km (WLTP) Charge: Fast charge in 31 mins | Capacity: Up to 490L Price: €40,000–€45,000 (est) | Date: EU launch 2025 Rivals: VW ID.3, Renault Mégane E-Tech, Tesla Model 3, BYD Seal With its 4.9-metre length and nearly 1.9-metre width, the new Mazda 6e will be one of the largest electric saloons on the European market - bigger than a Tesla Model 3 and edging out the Hyundai Ioniq 6 in both length and width. It's sized to rival premium models like the Mercedes EQE. Inside, Mazda is promising a premium cabin experience, complete with a panoramic roof and a 14.6-inch gesture-controlled central screen. Range figures are competitive too: 499 km for the Standard model and up to 555 km for the Long Range version. The first shipment is already en route from China, with left-hand-drive markets getting the car this summer. Drivers in the UK and Ireland will likely have to wait until early 2026 to see it in showrooms. What to know: Battery: 80 kWh or 68.8 kWh | Range: Up to 552 km (WLTP) Charge: 10–80 per cent in 22–45 mins | Capacity: TBA Price: ~€43,000 (est) | Date: Summer 2025 Rivals: Tesla Model 3, Polestar 2 The electric CLA is Mercedes' most efficient car to date, with up to 792 km range and 800 V charging that adds 325 km in 10 minutes. The tech is equally cutting-edge: a floating MBUX Superscreen, an AI-enhanced assistant powered by Microsoft and Google, and recycled materials throughout. It's luxury redefined for the sustainable, software-driven era. What to know: Battery: 85 kWh | Range: Up to 792 km (WLTP) Charge: 325 km in 10 mins | Capacity: 395L boot Price: €52,000–€58,000 (est) | Date: Late 2025/early 2026 Rivals: BMW i4, Tesla Model 3, Polestar 2 Opel's newest EV is big on space and low on fuss. With up to 400 km range, clever interior packaging, and features like Intelli-Seats, roof load support, and a smartphone docking station, the Frontera is as practical as it is affordable. With a starting price under €30,000, this might just be Opel's most compelling EV to date - though any newcomer in the crowded small SUV segment will need to work hard to stand out among some seriously tough competition. What to know: Battery: 44 kWh (usable) | Range: Up to 400 km (WLTP) Charge: 10–80 per cent in 26 mins | Capacity: Up to 1,600L Price: From €28,990 | Date: Orders open now (Germany) Rivals: MG ZS EV, Jeep Avenger, Renault 4 E-Tech, Citroën e-C4 A retro reboot with real substance, the Renault 4 E-Tech is taller, tougher, and more practical than its sibling, the Renault 5. It offers a generous 420-litre boot, flat-folding rear seats, and a choice of two battery options: a punchy 52 kWh for longer trips or a lighter 40 kWh LFP ideal for city driving. Inside, the OpenR Link system with Google integration and Renault's voice-activated avatar, Reno, makes its tech feel seamless. French-built, family-friendly, and full of charm - this is a stylish all-rounder at a competitive price, with just enough personality to keep things fun. What to know: Battery: Up to 52 kWh | Range: Up to 400 km (WLTP) Charge: 15–80 per cent in ~35 mins | Capacity: 420L boot Price: ~€30,000 (est) | Date: Launching 2025 Rivals: Ford Puma Gen-E, Fiat 600e, Citroën ë-C3 Aircross Toyota joins the small electric SUV race with the Urban Cruiser EV - an urban-friendly crossover that blends everyday practicality with a hint of adventure. Expected to offer up to 402 km of range, it will launch with two battery options: a 49 kWh unit delivering around 299 km and a 61 kWh version. Front-wheel drive will be standard, but four-wheel drive will be an option in some markets. Inside, features like sliding rear seats, 12-colour ambient lighting, and a high-spec infotainment system add comfort and flair. If Toyota gets the pricing right, the Urban Cruiser could be a strong contender in the crowded compact EV segment. What to know: Battery: 49 kWh, 61 kWh | Range: Up to 400 km (est) Charge: Charging specs To be announced | Capacity: Boot space To be announced Price: ~€35,000 (est) | Date: EU rollout late summer 2025 Rivals: Jeep Avenger, Peugeot e-2008, Renault 4 E-Tech, MG ZS EV The European Commission is planning to present a strategy on quantum earlier than expected in June this year in a bid to boost uptake of the technology considered capable of leading to breakthroughs in medicines and finance. The Commission began consulting on a plan early last month and originally intended to launch the strategy in the third quarter of the year. The proposal will aim to reinforce Europe's tech sovereignty and economic security in quantum technologies, including computing and communication. It is expected to call for member state cooperation to fully implement the European Declaration on Quantum Technologies, which was signed last spring. It will also call for alignment of major research and development programmes and pool resources to avoid fragmentation and duplication, and collectively build pan-European quantum infrastructures, such as for quantum chip manufacturing and specialised platforms for computing and ensure a stable supply of critical components. 'The EU is strong in early-stage research but often struggles with scaling up, commercialisation and global outreach,' the Commission said when garnering feedback. In addition, it said that the EU lacks industrial capacity in key areas, such as the production of quantum processors and other hardware components. 'This technological dependence raises sovereignty concerns, particularly regarding supply chain vulnerabilities. Without a robust industrial base, the EU risks remaining dependent on non-EU providers for critical components.' In her confirmation hearing, the EU's Tech Commissioner, Henna Virkkunen, pledged to introduce a new strategy to boost the technology. Her mission letter, drafted by Commission President Ursula von der Leyen, said that the EU should intensify efforts and investment 'concerning the next wave of 'frontier technologies', including quantum computing.' The Draghi report on competitiveness, which came out late last year, also said that quantum computing will have a foundational role in next-generation digital frameworks, with major economic and security implications. It could contribute up to €850 billion to the EU economy in the next 15-30 years, his report claimed.
Yahoo
15-05-2025
- Automotive
- Yahoo
Trump Says Tariff Money Could 'Replace The Income Tax' — April Customs Collections Hit Record $15.4 Billion As New Duties Take Effect
President Donald Trump said that revenue from tariffs could potentially eliminate the need for the federal income tax, citing the period from 1870 to 1913 when tariffs were the primary source of federal income and the nation experienced significant prosperity. That claim to Fox News comes as U.S. customs duties surged to a historic high in April. The Treasury Department reported collecting a record $16.3 billion in customs duties—driven by steep new tariffs—marking the highest single-month total ever recorded. April's spike followed the rollout of Trump's newly enacted tariffs, including a 25% steel tariff and a sweeping 10% universal tariff that went into effect on April 2. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Still, the broader financial picture tells a different story. As of March, The Treasury has already reached the current debt limit of $36.1 trillion, according to the Congressional Budget Office. The federal deficit reached $1.31 trillion in the first half of fiscal 2025. "If you get to $100 billion to $200 billion, you'll be pretty lucky," Moody's Chief Economist Mark Zandi told CNBC, offering a reality check and arguing that tariffs alone won't replace income tax burdens. The auto sector is already feeling the squeeze. Reuters reviewed a memo sent by Ford Motor (NYSE:F) to dealers on May 7, which said that the company would raise prices by $2,000 on three models assembled in Mexico—the Mustang Mach-E, Maverick, and Bronco Sport—due to new tariffs. Ford is bracing for $2.5 billion in added costs and has suspended its 2025 financial guidance. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — General Motors (NYSE:GM) has disclosed a projected tariff exposure of $4 billion to $5 billion for 2025, prompting a downward revision of its annual earnings forecast and a pause on its $4 billion share-buyback program. Beyond auto, the ripple effect stretches into food and beverage. In Pittsburgh, small businesses like Brew Gentlemen Brewery and Lotus Foods have reported delays, cost spikes, and logistical hurdles that some say echo COVID-era supply chain chaos, according to The Guardian. Internationally, the situation is escalating. The European Union is preparing a €100 billion ($113 billion) retaliation plan—including tariffs on Boeing aircraft—if U.S.-EU negotiations break down. The move follows the U.S.'s April 2 decision to impose a 20% tariff on nearly all EU exports, as the Financial Times reported. Read Next: Maximize saving for your retirement and cut down on taxes: . Nancy Pelosi Invested $5 Million In An AI Company Last Year — Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR (F): Free Stock Analysis Report This article Trump Says Tariff Money Could 'Replace The Income Tax' — April Customs Collections Hit Record $15.4 Billion As New Duties Take Effect originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
