Hints and tips:
...S&P has upgraded Ford to investment-grade territory, citing the carmaker’s improving margins and expectations that its cost reduction programme would “more than offset higher labour-related costs”....
...The benchmark S&P 500 was up 0.5 per cent shortly after the opening bell in New York, as was the tech-heavy Nasdaq Composite....
...Meanwhile, Ford shares slumped 12.3 per cent to $9.96, bringing its stock below $10 for the first time since January 2021....
...Sales growth of electric cars has slowed in the past year, with carmakers increasingly forced to discount models in order to generate sufficient consumer demand, while companies from General Motors and Ford...
...Ford has suspended construction of a $3.5bn electric battery manufacturing plant in Michigan, US, amid controversy over the plan and an auto workers’ strike....
...Companies including Ford have delayed expansions of their range of EVs, hedging their bets with hybrid models....
...Hyundai Motor Group, which owns the Hyundai, Kia and Genesis brands, also has the fourth-largest share of the overall US car market, behind Toyota, Ford and GM, according to sales data from S&P Global....
...Also, it will be a busy week for carmakers — notably Nissan, Toyota and Ford — and (yet more) tech — Alibaba, Arm, Spotify and Uber. More details below....
...However, debt rating agency S&P on Monday upgraded Ford to investment-grade, citing its improving margins and a cost reduction programme that will “more than offset higher labour-related costs”....
...This cover is provided in the first instance to the Dali by Britannia P&I Club....
...The financing businesses of various high-grade car groups have tapped lenders across multiple deals, including Ford and Toyota....
...More details on what the companies, from Morgan Stanley to Ford, are up to....
...The move comes after Washington announced it was deploying a carrier strike group, led by the USS Gerard R Ford aircraft carrier, to the region....
...So I think I’m a great S&P 500 tracker fund guy....
...Now that the writers’ strike is settled, the pay battle shifts to the car industry where striking workers are putting the spotlight on executive pay at Ford, General Motors and Stellantis....
...This set-up was typically used by family-controlled companies such as Ford and The New York Times to preserve family control over the businesses by selling stock with significantly less voting power....
...But it now looks like S&P Ratings won’t upgrade until the second half of this year, the analysts wrote....
...Brazil: Q4 GDP figures Canada, China, EU, France, Germany, Italy, Japan, UK, US: S&P Global/Caixin/HCOB manufacturing PMI data EU: Core February CPI and HICP inflation rate data South Korea: Independence...
...Ford has struck a deal to give its drivers access to 12,000 fast-charging stations in Tesla’s network....
...On the third point, the strongest evidence for political pressure shocks came under the administrations of Nixon, Gerald Ford and Jimmy Carter, suggesting that — like bell-bottoms, earth tones and P-Funk...
...carmaker’s shares rose for an 11th consecutive day after it locked in a deal that allowed General Motors customers to use its electric-vehicle charging system, a similar agreement to one it struck with Ford...
...Lululemon’s shares have surged 49 per cent over the past 12 months — easily beating a 4.6 per cent rise for the S&P Retail Select Industry index....
...Moreover, company quality in the high-yield universe has improved over the past decade or so, now including the likes of Ford and Delta Air Lines....
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