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Stock Market & Financial Investment News

News Breaks
July 22, 2014
13:29 EDTFFord taps Galhotra to lead Lincoln brand
Ford earlier today announced that Kumar Galhotra – currently the company’s vice president of Engineering, responsible for all Ford and Lincoln vehicles globally – will be vice president and president of the company's Lincoln brand, effective Sept. 1. This new dedicated position, reporting to Ford President and CEO Mark Fields, is designed to accelerate Lincoln even further as a world-class luxury brand, the automaker added. Succeeding Galhotra is Jim Holland, who is named vice president, Vehicle Component and Systems Engineering, effective Sept. 1, Ford added. Holland will report to Raj Nair, group vice president, Global Product Development.
News For F From The Last 14 Days
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March 26, 2015
13:15 EDTFFord opens $1B Indian plant, wants to triple exports from country, Reuters says
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10:15 EDTFFord to host sales conference call
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March 25, 2015
09:25 EDTFFord issues three safety recalls in North America
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March 24, 2015
06:12 EDTFFord, GM considering asking for lower-paid workers, Bloomberg says
Ford (F) and General Motors (GM) are considering asking the United Auto Workers union to create a lower-pay tier of employee at U.S. auto factories, reports Bloomberg, citing people familiar with the matter. The union, on the other hand, is considering eliminating the existing tier structure altogether, according to a person familiar with the union leadership. The proposed lower tier worker would not assemble cars, said the sources. Reference Link
March 20, 2015
08:01 EDTFStifel says evidence supports Apple moving into electric vehicles
Analysts at Stifel say they see enough evidence to suggest that Apple is internally working on the development of a battery electric vehicle to be sold over the next five-to-ten years. The analysts are "intrigued" by Apple CFO Luca Maestri's background at General Motors (GM). They believe Apple's investments in manufacturing should be a key consideration for investors and point out the $40B spent by the iPhone maker over the past five years, with 80%-plus invested in manufacturing, is similar to GM, Ford (F) and Daimler-Benz and well above Tesla's $1.8B cumulative capex. The analysts say there is a "lot to think about" regarding Apple's move into the car space, including the regulatory environment. They keep a Buy rating on the tech giant with a $150 price target. Shares of Apple closed yesterday down 97c to $127.50.
March 17, 2015
14:13 EDTFMorgan Stanley questions GM capital allocation plan
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09:13 EDTFMSFT announced several partnerships with industry leaders
At Microsoft Convergence 2015, Microsoft (MSFT) announced several new partnerships with industry leaders. Teaming up with Microsoft, Ford Motor (F) will expand connected services for customers around the world with the creation of the Ford Service Delivery Network. Microsoft also announced several partnerships and collaboration agreements with leading companies in sales, field service, digital transaction management and analytics markets. Microsoft and InsideSales.com will offer its complete sales acceleration platform. Microsoft and FieldOne Systems announced their agreement to bring the FieldOne Sky field service management solution into the Microsoft Dynamics global independent software vendor program. DocuSign and Microsoft announced that the two companies will bring DocuSign's Digital Transaction Management platform to Microsoft Dynamics CRM users. Microsoft also announced the acquisition of intellectual property from Fusion Software which will add Voice of the Customer capabilities to Microsoft Dynamics.
March 13, 2015
05:27 EDTFFord starts production of 2015 F-150 at Kansas City Assembly Plant
Ford marks the official start of production of the all-new 2015 F-150 at Kansas City Assembly Plant, which joins Dearborn Truck Plant in building the F-150. This means Ford has expanded production of the first mass-produced light-duty pickup truck with a high-strength, military-grade, aluminum-alloy body. In addition to producing all F-150 models and cab configurations, production at Kansas City Assembly Plant now includes F-150s with an 8-foot cargo box and heavy payload package to meet the needs of commercial fleet customers. The all-new F-150 is off to a strong start. In January, F-Series had its strongest sales month since 2004 – Ford’s best sales year ever for F-150. Retail sales increased 7 percent in February. These numbers make F-Series one of Ford’s fastest-selling vehicles, at just 18 days to turn on dealer lots – well below the light-duty full-size pickup truck average of 105 days. Combined, Kansas City Assembly and Dearborn Truck facilities will have capacity to produce more than 700,000 Ford F-150 pickups per year for availability in 90 markets globally.

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