Ford stock drops more than 4% as supply costs to jump by $1 billion, parts shortages to leave more cars unfinished

Ford Motor Co. shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, reminding Wall Street supply-chain snags are far from over for auto makers. Ford F, +1.43% said it expects to have between 40,000 and … Read more

Ford Warns Parts Shortages Will Lead to Higher-Than-Planned Number of Unfinished Vehicles

Ford Motor Co. said Monday that shortages of certain parts will result in a higher-than-planned number of unfinished vehicles in its inventory. “Vehicles on wheels” have been built but are still in need of some parts, the company said. Ford said it expected to have about 40,000 to 45,000 such vehicles in inventory at end … Read more

The Affordable Electric Vehicle Is Still Mostly Fantasy

(Bloomberg) — Jack Norton, a history professor in Minneapolis, started shopping for an electric vehicle early last year. His requirements were simple: all-wheel drive and a price tag under $55,000. At first, Norton noticed that few EVs were being shipped to Minnesota, where car companies are contending with looser emissions mandates than in much of … Read more

Ford Faces $1.7 Billion Verdict in Fatal Rollover of F-250 Pickup

Ford Motor is facing a potential $1.7 billion in punitive damages after a Georgia jury reached a verdict Friday in a case involving a 2014 rollover of a Ford F-250 pickup truck that left two people dead. The Gwinnett County jury determined that damages should be imposed on Ford for selling 5.2 million Super Duty … Read more

10 Companies That Would Take a Hit From a 15% Minimum Corporate Tax

Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerba/Bloomberg Democrats proposed lifting the corporate tax rate to help fund their climate and healthcare package, and if the tax remains part … Read more

GM stock slumps after earnings warning, as chip shipment timing and supply chain disruptions weigh

Shares of General Motors Co. GM, +2.55% dropped 1.7% in premarket trading Friday, after the automaker warned of a second-quarter earnings shortfall, as vehicle wholesale volumes were hurt by the timing of semiconductor shipments and other supply chain disruptions. The company expects net income for the quarter to June 30 to be between $1.6 billion … Read more

GM Stock Has Been Hammered, Which Makes Owning a Piece of Its EV Future a Bargain

Text size GM has been showing off its Cadillac Lyriq SUV electric vehicle, priced like Tesla’s Model Y. Courtesy of Cadillac Inflation, rising interest rates, and recession fears have all conspired against General Motors stock. Its shares are still worth owning. Barron’srecommended buying General Motors (ticker: GM) stock in early May. The timing wasn’t great. … Read more

Tesla Closed Below $700. Why $540 Might Be Next.

Text size Tesla stock hit $1,200 early in the year and almost $1,150 in April. Then it started dropping. Mario Tama/Getty Images Tesla stock has been badly battered in recent weeks. It’s breaking key support levels that fundamental investors might want to note. Coming into Monday trading, Tesla (ticker: TSLA) shares are off about 38% … Read more

Ford Had a Strong Quarter. But There Could Be Trouble Brewing.

Text size Ford’s production has been crimped by the semiconductor shortage. Brandon Bell/Getty Images Ford Motor ’s first-quarter earnings were stronger than expected, but analysts aren’t heaping praise on the results. Something is troubling Wall Street. The auto maker is sticking with its financial forecasts for the full year. It expects operating profit to come … Read more