Latest news with #automaker
Globe and Mail
2 hours ago
- Automotive
- Globe and Mail
'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. See more F analyst ratings Disclosure Disclaimer & Disclosure Report an Issue
Yahoo
8 hours ago
- Automotive
- Yahoo
3 Reasons to Buy This Top Auto Stock Before It's Too Late
General Motors has reduced its shares outstanding dramatically. GM is rapidly expanding its EV sales in the U.S. and lowering costs. The automaker's restructured business in China brought positive results. 10 stocks we like better than General Motors › General Motors (NYSE: GM) may be an afterthought when it comes to investments for many, but it may also be the best automotive stock for investors to get their hands on today. Not only does the company thrive with sales of full-size trucks and SUVs, but it's making strong progress with electric vehicles (EVs) and returning value to shareholders at an impressive clip. Here are three reasons GM might be the next stock you want to buy. There are two primary ways for companies to return value to shareholders: through a dividend or through share repurchases. In the case of share repurchases, as the company buys back shares and retires them, the earnings per share increases, which drives the value up. General Motors has been incredible at returning value to shareholders through share buybacks, and you can see how the stock price has responded as the number of shares outstanding declines. It started in late 2023, when GM announced a significant $10 billion accelerated share repurchase program, which was completed by the fourth quarter. GM approved a further $6 billion buyback in June 2024, and the automaker also increased its dividend by 25%. The automaker's cash flow is capable of handling such movements. GM generated $14 billion in adjusted automotive free cash flow in 2024 and returned roughly $7.6 billion to shareholders via dividends and buybacks, leaving plenty of liquidity for growth and strategic moves to offset tariff impacts. When it comes to EVs, it's not really a matter of if, but when they consume the roads globally. It's a tricky thing to balance sales of highly profitable gasoline-powered SUVs and trucks while trying to sell EVs, but General Motors has found a balance. While posting strong financial results driven by its internal combustion engine line, the company also posted EV sales up 94% during the first quarter, grabbing an impressive 10.4% market share in the U.S. That parks GM in the No. 2 spot for EV sales in the U.S., and marks Chevrolet as the industry's fastest-growing EV brand, driven by the Equinox and Blazer EVs. In even better news, roughly 60% of the EV buyers are trading in a non-GM vehicle, bringing more consumers into the brand. GM will still need to work diligently on reducing EV costs, especially batteries, for this to become an important chunk of its business, but it is the future of the industry, and GM is well-positioned in the U.S. for now. China's market has been engulfed in a brutal price war, driven by a plethora of competitors in a blossoming EV market, and foreign automakers have paid the price -- they are struggling in China right now, big time. Fortunately, GM recognized this early and made a massive restructuring effort, which included rightsizing operations, launching new vehicles, and optimizing dealer costs and inventory. All in, the charge would cost GM $5 billion in restructuring costs, but it did manage to report encouraging results in China during the final quarter of 2024. Following the introduction of new vehicles, sales sequentially surged 40% during the fourth quarter, the largest jump since the second quarter of 2022. As far as General Motors goes, the company is firing on all cylinders right now. Not only is it selling gasoline-powered vehicles at a high clip, and highly profitably, the company is expanding its EV prowess. It's also buying back shares at a clip so rapidly that its stock has only soared as a result. All this means General Motors is one of, if not the top, automotive stocks to buy now. Before you buy stock in General Motors, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and General Motors wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Daniel Miller has positions in General Motors. The Motley Fool recommends General Motors. The Motley Fool has a disclosure policy. 3 Reasons to Buy This Top Auto Stock Before It's Too Late was originally published by The Motley Fool 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
Reuters
8 hours ago
- Automotive
- Reuters
Ford recalls more than 29,000 vehicles in the US, NHTSA says
May 31 (Reuters) - Ford (F.N), opens new tab is recalling 29,501 vehicles in the U.S. due to a detached control arm that can cause a loss of vehicle steering and control, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Saturday. The automaker is recalling certain 2024-2025 F-150 Lightning BEV vehicles, NHTSA said.
Yahoo
8 hours ago
- Automotive
- Yahoo
Ford recalls more than 29,000 vehicles in the US, NHTSA says
(Reuters) -Ford is recalling 29,501 vehicles in the U.S. due to a detached control arm that can cause a loss of vehicle steering and control, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Saturday. The automaker is recalling certain 2024-2025 F-150 Lightning BEV vehicles, NHTSA said. 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
Malay Mail
16 hours ago
- Automotive
- Malay Mail
Perodua files trademark for ‘QV-E' name and logo, hints at debut of first EV by end 2025
KUALA LUMPUR, May 31 — Perodua has recently filed a trademark application for the QV-E name and logo with the Intellectual Property Corporation of Malaysia (MyIPO). Given the details included in the MyIPO listings, it seems quite possible that QV-E might be the name of Perodua's first EV. First noted by local automotive site Funtasticko, the application for the QV-E name and logo was filed on 21 March 2025 under two classifications. One of them being class 12, which covers electric cars as well as EVs with vertical take-off and landing (VTOL), EV charging connector types, EV battery, and EV's electric motor. Perodua has also filed its application for class 37, which includes EV charging stations, EV home chargers, and EV portable chargers. When we went through MyIPO database earlier today, the application status for both the name and logo was noted as 'Under Formality Validation'. As captured on the MyIPO database on May 30, 2025. Perodua has filed the QV-E name before Interestingly enough, this is not the first time that Perodua has submitted the QV-E name to MyIPO. Back in late June 2024, the national automaker submitted the name but with a different arrangement – Qve – to the agency alongside Ace and Pacer. As captured on the MyIPO database on May 30, 2025. Just like QV-E, all three names were filed under classes 12 and 37. However, only Ace has been officially trademarked, as noted in the MyIPO Journal batch 43/2024, which was published on 7 November last year. Even then, the Ace trademark only applies to class 37 but not class 12. At the same time, our search also showed that Perodua has yet to file a logo for the Ace name. What do we know about the Perodua EV so far? During the recent Malaysia Autoshow 2025, Perodua has unveiled the latest prototype of its upcoming EV albeit in a half-cut form. Nevertheless, the President and CEO of Perodua, Zainal Abidin Ahmad, said that this prototype is very close to the production version. He also revealed that the Perodua EV is currently in the final stage of homologation, and pilot production is expected to take place between September and October. The company is confident that the EV will be ready to be launched by the end of 2025. For now, the specs remained the same as per what Perodua has revealed before. This includes an LFP battery from CATL with 50kWh-ish of capacity, 400km range (NEDC), and 0-100km/h timing of under 7 seconds. It has also been mentioned that the EV takes around 8 hours to be fully charged via AC charging. As for DC charging, 30 minutes is enough to get the battery to go from 30 per cent to 80 per cent. Zainal also said that the upcoming Perodua EV can hit a top speed of 165km/h, while it will also feature ADAS L2 capability and is designed to meet the 5-star ANCAP classification. As you can see from the images, the new EV will also feature a fastback design, which is skewed towards the lower B-segment. The CEO has also confirmed that the Perodua EV will indeed be offered through a battery leasing service. This will allow the company to offer the new EV for under RM80,000. Customers can also purchase the car by cash or bank loan, and then sign up for the battery leasing separately. They can also choose to purchase both the EV and the battery outright, although details regarding the purchase and leasing arrangements are still under discussion. However, the company will not be implementing battery swapping service at this juncture. That being said, Zainal pointed out that customers can have the high-voltage battery within the Perodua EV changed in just 30 minutes at the service centre if there is any issue with it. Perodua EV as envisioned by automotive artist Theottle, based on the latest prototype. Zainal also pointed out that customers who purchase the battery outright have to pay for a new replacement battery themselves, if needed, once the eight-year warranty is over. On the other hand, customers who signed up for the leasing service will get the battery replacement for free as long as they retain the subscription. — SoyaCincau
