Trump’s plans for defense spending, Venezuelan oil, Ford’s push for hands-free driving, and more in Morning Squawk
Good Thursday to you. By now, it should be clear that I have a penchant for clichés. So, as the S&P500 faces its initial losing day of the year, perhaps we can take comfort in that old saying: “It’s a marathon, not a sprint.” This morning, stock futures dipped following a mixed trading session. Here […]
We Shouldn’t Change Our EV Strategy Because of Ford’s Withdrawal, ‘Quite the Contrary’
Stanton Defends Push for Electric Vehicles Despite Ford’s Withdrawal During a recent segment of NewsNation’s “The Hill,” Representative Greg Stanton (D-Ariz.) emphasized that Ford’s decision to pull back on electric vehicle (EV) production shouldn’t deter efforts to promote EVs. In fact, he argued, it should encourage us further. Host Blake Berman raised the question about […]
Ford’s CEO supports Trump’s changes to fuel standards for more affordable vehicles
Ford CEO Discusses New Car Affordability Initiatives The CEO of Ford Motor Company, Jim Farley, recently appeared on “Fox & Friends” to share his enthusiasm about the Trump administration’s initiative aimed at lowering car prices and boosting manufacturing jobs across the U.S. Farley expressed that this move is a significant win for affordability and practicality, […]
Ford’s CEO Jim Farley states he struggles to find 5,000 mechanics with a salary of $120K annually, indicating serious issues in the country.
Ford has struggled to fill around 5,000 mechanic positions, even with an annual salary offer of $120,000. The CEO, Jim Farley, highlighted a troubling shortage of skilled labor across the U.S. “Our country is in trouble, and we’re not discussing this enough,” Farley expressed during a recent podcast. He indicated that there are more than […]
Ford’s CEO finds it ‘shocking’ to analyze Tesla and Chinese electric vehicles.
Ford’s CEO Discusses Company Overhaul Amidst Competitive Pressure Ford’s CEO, Jim Farley, recently expressed how competition in the automotive industry has made him feel quite humbled. He realized the necessity for significant changes within Ford, recognizing that failing to adapt could mean falling behind. On a recent Tuesday, he candidly admitted to feeling “very humbled” […]
Steve Milloy: Ford’s Electric Truck Was Never Logical
Ford’s Electric Pickup, the F-150 Lightning, Faces Uncertain Future Ford Motor Corporation has revealed this week that it might stop producing its F-150 Lightning electric pickup truck, a move that highlights broader issues within the company’s “green” initiatives. When the Lightning debuted in May 2021, it was expected to revolutionize the electric vehicle landscape. An […]
Ford’s CEO cautions about a shortage of blue-collar workers needed for AI data center construction.
Ford CEO Highlights Blue-Collar Worker Shortage President Trump is striving to bring crucial industries back to the US and position the country as a leader in AI. However, Ford’s CEO, Jim Farley, has raised concerns about a shortage of blue-collar workers necessary for constructing data centers. While the administration is focused on the potential job […]
Ford’s stock falls as the company faces an $800 million loss from tariffs and reduces its profit expectations.
On Wednesday, Ford Motor announced that U.S. tariffs on imported vehicles, along with materials like steel and aluminum, might be pricier than anticipated for this year. This news contributed to a drop of about 3% in the company’s stock during after-hours trading. In their second quarter report, Ford noted an $800 million hit from tariffs. […]
Abraham Lincoln’s gloves from Ford’s Theatre receive top bid at presidential auction
Auction of Lincoln’s Personal Items Draws Attention A recent auction featured personal belongings of President Abraham Lincoln, and one item particularly stood out. The leather gloves that were reportedly in Lincoln’s pocket on the night he was assassinated attracted significant interest. They sold for an astonishing $1.52 million, which included the buyer’s premium fee, according […]
GM stops exports to China as possible tariffs approach, following Ford’s lead.
GM Halts Vehicle Shipments to China General Motors notified its employees and dealers late last week about the suspension of vehicle shipments from the United States to China for its export business. This decision is occurring amid ongoing discussions between the US and China regarding tariffs and other trade concerns. A spokesperson from GM explained […]