Ford Financial News

Stellantis is reporting progress in talks with the United Auto Workers union with just three days left before contracts expire with Detroit’s three automakers

Tesla rallied 6% on Monday after Morgan Stanley said its Dojo supercomputer could power a near $600 billion surge in the electric-car maker's market value by helping speed up its foray into robotaxis and software services. Tesla, already the world's most valuable automaker, started production of the supercomputer to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year. Dojo can open up new addressable markets that «extend well beyond selling vehicles at a fixed price,» Morgan Stanley analysts led by Adam Jonas wrote in a note on Sunday. «If Dojo can help make cars 'see' and 'react,' what other markets could open up? Think of any device at the edge with a camera that makes real-time decisions based on its visual field.» The Wall Street brokerage upgraded Tesla's stock to «overweight» from «equal-weight» and replaced Ferrari's U.S.-listed shares with it as «top pick». Morgan Stanley raised its 12-18 month target on Tesla's shares by 60% to $400 — the highest among Wall Street brokerages, as per LSEG data — which, it estimated, would give the EV maker a market capitalization of about $1.39 trillion. That is about 76% higher than Tesla's market value of about $789 billion, based on the stock's close of $248.5 on Friday.

(Reuters) -Tesla's Dojo supercomputer could power a near $600 billion jump in the automaker's market value by boosting the adoption of robo-taxis and its software services, Morgan Stanley analysts said, sending the electric vehicle maker's shares up 6% in premarket trading on Monday.

Gina Rinehart has not ruled out launching a bid to rival Albemarle’s $6.6 billion takeover tilt at Liontown Resources after confirming she now holds a strategic stake in the West Australian lithium prize.

About 146,000 U.S. auto workers are set to go on strike this week if General Motors, Ford and Stellantis fail to meet their demands for big pay raises and the restoration of concessions the workers made years ago when the companies were in financial tr...

The temperature says it's summer outside, but Delta Air Lines is training employees in how to de-ice an airplane — a critical part of flying during the cold winter months

The temperature says it's summer outside, but Delta Air Lines is training employees in how to deice an airplane — a critical part of flying during the cold winter months

About 146,000 U.S. auto workers are set to go on strike this week if General Motors, Ford and Stellantis fail to meet their demands for big pay raises and the restoration of concessions the workers made years ago when the companies were in financial tr...

Former Wallaby captain and Rugby World Cup winner Simon Poidevin on what has been revealed in the opening matches of this edition of the tournament.

Mr. Cowie has written numerous books on the history of cinema, including biographies of Ingmar Bergman, Akira Kurosawa and Francis Ford Coppola.

China as a money spinner. They gushed about its hundreds of millions of consumers, called it «one of the biggest opportunities» and made predictions that this would be «China's century.» Now, those executives have come away from recent visits to the country with a more sober view. Western companies doing business in China are facing pressures that were unimaginable several years ago.

By David Shepardson

Automaker Stellantis has made a counteroffer to the United Auto Workers that includes wage increases in each year of a new four-year contract totaling 14.5%

wage hike and two additional 3% annual lump sum payments over four years in its offer to the union ahead of the Sept. 14 contract expiration. GM shares closed down 0.8% to $32.57.

The MacArthur Foundation is leading a group of donors who have pledge $500 million to help the struggling local news industry

General Motors made its first wage-and-benefit offer to the United Auto Workers that falls far short of the union’s initial demands

Honda will join Ford, GM and other electric vehicle makers in adopting Tesla’s charging technology

By David Shepardson

General Motors delivered a counteroffer to the United Auto Workers union Thursday that shows the sides remain far apart on pay and other benefits, one week out from a strike deadline. The Detroit carmaker offered a 10% wage increase among other benefits, far short of the UAW’s demand of at least a 40% wage hike. The offer follows a similar one from Ford Motor last week, which called for a 9% wage increase.

(Reuters) — Founders behind defunct self-driving startup backed by Ford (NYSE:F) and Volkswagen (ETR:VOWG_p) launched a new autonomous trucking firm, Stack AV, on Thursday with investment from Japan's SoftBank (TYO:9984) Group.

There’s often a point when car enthusiasts are looking to purchase their first new performance car or sports car