Ford Financial News

After going missing nearly 80 years ago, a baroque landscape painting was returned to Germany on Thursday

Comodo Motors general manager Jordan Baker joins 'The Big Money Show' to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.

WWE SmackDown continues its journey towards Survivor Series with some high-profile War Games matches that are shaping up the ongoing feuds. In the upcoming episode of WWE SmackDown, Logan Paul is set to make a return to confront US Champion Rey Mysterio. Iyo Sky will defend her WWE Women's Championship against Charlotte Flair, and fans can look forward to an old-school grudge match between Santos Escobar and Montez Ford, which promises to be an intense showdown.

England take on South Africa in the 2023 Rugby World Cup semi-final, all eyes will be set on Freddie Steward and Joe Marler. Steward was left out of the quarter-final win over Fiji, though he has been their first-choice full-back since his Test debut in July 2021. He has replaced Marcus Smith after he failed the return-to-play protocols after a knock in the quarter-final win over Fiji. Similarly, George Martin will come into the second row in place of Ollie Chessum.

China's CATL (SZ:300750), the leading global battery manufacturer for electric vehicles (EV), announced on Thursday that its third-quarter profits had grown by 10.7%, representing the company’s slowest quarter since the beginning of last year. Management attributes the slowdown to a combination of reduced demand and intensified competition.

Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 198,000 for the week ended Oct. 14, the Labor Department said on Thursday.

By Joseph White

By Aditya Soni and Akash Sriram

intermittent strikes at Ford, General Motors (GM) and Stellantis, America’s “big three" carmakers. A month in and the two sides are still at loggerheads. Jim Farley, Ford’s chief executive, has argued that the 36% pay rise over four years demanded by the striking workers would cripple his business.

By Akash Sriram

The Texas-based electric vehicle giant said sales in the July to September period reached $23.35 billion, lower than the $24.19 billion forecasted by analysts polled by Factset. The company also saw net profits come in less than hoped for, at 66 cents per share instead of 73 cents forecasted. Musk has undertaken multiple price cuts throughout 2023 on vehicles, telling investors in April that the company has taken the view that pushing for higher sales is the right choice versus taking a bigger margin. The move came as more EVs from legacy carmakers like General Motors and Ford are hitting dealerships. But those rivals have been punished by a major strike in the United States, something that Tesla will not have to navigate. The price cuts have made investors nervous and Tesla's share price slid more than seven percent in the last month and was down more than three percent from its last closing price in afterhours trade. The Tesla stock valuation however still dwarfs other US car makers and it has more than doubled in 2023, comforting Musk's position as one of the world's two richest people.

(Reuters) — Ford Motor (NYSE:F) said late on Wednesday it is laying off another 150 workers in Michigan because of the ongoing United Auto Workers strike, bringing the total to 2,730 workers furloughed.

WASHINGTON (Reuters) — Ford Motor (NYSE:F) said on Wednesday it is recalling 35,000 Mustang Mach-E electric vehicles because high voltage battery main contactors may overheat resulting in a loss of driving power.

(Corrects typo in Delta spelling in airlines paragraph)

Abbott (NYSE:ABT) shares are up more than 2% premarket Wednesday after the company reported earnings, topping consensus expectations.

By David Shepardson

Stellantis has said it will be canceling its participation in next year’s CES technology show in Las Vegas due to the “mounting” costs of the ongoing auto workers strike in North America

By David Shepardson and Ben Klayman

The Indianapolis Motor Speedway Museum just got $20 million to build a high-tech classroom for visiting students. The source: weight-loss drug wealth. Two nonprofit foundations are large shareholders of Eli Lilly and Novo Nordisk, the companies selling the drugs Ozempic, Wegovy and Mounjaro popularly used to reduce weight.

Zipcar has been slapped with a $300,000 fine after U.S. regulators found that the car-sharing company allowed customers to rent vehicles with open recalls, violating federal motor safety law

Comodo Motors general manager Jordan Baker joins The Big Money Show to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.