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F

Ford

$8.51

-0.195 (-2.24%)

11:03
03/20/19
03/20
11:03
03/20/19
11:03

Ford to invest over $850M to expand EV production capacity at Michigan plant

Ford announced it is expanding its production capacity for the company's next-generation battery electric vehicles at a second North American plant. Ford is expanding its BEV manufacturing footprint to its Flat Rock Assembly plant in southeast Michigan. The plant will become the production home to vehicles from the company's next-generation battery electric flexible architecture. These vehicles will follow the all-electric performance SUV coming in 2020 from Ford's Cuautitlan, Mexico, plant. Through this new plan, Ford is targeting to invest more than $850M in the Flat Rock Assembly Plant through 2023, adding a second shift. The plant investment also includes funding to build the next-generation Mustang and is part of a $900M investment in Ford's operations in southeastern Michigan. The company also announced it will complete Ford's first autonomous vehicles at a new AV manufacturing center in southeast Michigan, upfitting purpose-built, commercial-grade hybrid vehicles with self-driving technology and unique interiors. Production of Ford's first autonomous vehicles will begin in 2021 for deployment in commercial services to move people and goods. Ford also announced today it is building its next-generation North American Transit Connect small commercial and passenger van in Mexico, starting in 2021. "We've taken a fresh look at the growth rates of electrified vehicles and know we need to protect additional production capacity given our accelerated plans for fully electric vehicles. This is good news for the future of southeast Michigan, delivering more good-paying manufacturing jobs," said Joe Hinrichs, Ford's president, Global Operations.

F Ford
$8.51

-0.195 (-2.24%)

02/13/19
GHSC
02/13/19
INITIATION
GHSC
Neutral
Ford initiated with a Neutral at Seaport Global
02/13/19
GHSC
02/13/19
INITIATION
GHSC
Neutral
Ford initiated with a Neutral on valuation at Seaport Global
Seaport Global analyst Michael Ward initiated Ford with a Neutral citing valuation and said the company's current financial position will make it difficult to get concessions and keep shares range bound.
02/20/19
MSCO
02/20/19
NO CHANGE
Target $10
MSCO
Equal Weight
Morgan Stanley would fade Ford rally on SA heavy truck exit news
After Ford announced yesterday that it will exit the commercial heavy truck business in South America and expects to record pre-tax special item charges of about $460M as a result, Morgan Stanley analyst Adam Jonas said he would fade the rally following the news given that he sees the situation as "highly volatile." Ford's restructuring efforts help address its negatively valued business in South America, but some investors may have hoped for more significant actions, added Jonas, who keeps an Equal Weight rating on Ford with a $10 price target.
03/01/19
UBSW
03/01/19
NO CHANGE
Target $10
UBSW
Buy
Enormity of strategic shift at Ford not appreciated by investors, says UBS
UBS analyst Colin Langan noted Ford investors are growing impatient with the company's "Fitness" plan, given limited results and sparse concrete details. The analyst believes the enormity of the strategic shift is underappreciated by investors as the company moves from low margin generalist to high margin specialist. Langan reiterated his Buy rating and $10 price target on Ford shares.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
11/14/19
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11:17
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11:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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NYSE market internals summary »

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11:15
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BA

Boeing

$362.00

-0.42 (-0.12%)

11:14
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11:14
Hot Stocks
Breaking Hot Stocks news story on Boeing »

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    Nov

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General news
3-Month Bill Announcement Offering Amount data reported »

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10-Yr TIPS Announcement CUSIP Number data reported »

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10-Yr TIPS Announcement Offering Amount data reported »

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General news
6-Month Bill Announcement Offering Amount data reported »

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BMRN

BioMarin

$75.55

-0.54 (-0.71%)

11:07
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BioMarin sees GAAP break-even or better in 2020 assuming Valoctocogene launch »

BioMarin Pharmaceutical…

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  • 07

    Dec

GILD

Gilead

$62.48

-0.85 (-1.34%)

11:05
11/14/19
11/14
11:05
11/14/19
11:05
Options
Gilead call volume above normal and directionally bullish »

Bullish option flow…

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  • 07

    Dec

11:05
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11:05
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11:05
General news
Powell:the day of reckoning could be "quite far off," »

Powell:the day of…

USO

United States Oil Fund

$12.05

0.09 (0.75%)

11:00
11/14/19
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General news
Crude inventories for week of November 8 »

Crude oil inventories…

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AAPL

Apple

$263.91

-0.61 (-0.23%)

10:58
11/14/19
11/14
10:58
11/14/19
10:58
On The Fly
Maxim says sell Apple on concern about 2020 iPhone sales »

Maxim analyst Nehal…

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APD

Air Products

$237.81

0.17 (0.07%)

10:56
11/14/19
11/14
10:56
11/14/19
10:56
Periodicals
Breaking Periodicals news story on Air Products »

Lombard Odier's…

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10:55
11/14/19
11/14
10:55
11/14/19
10:55
General news
Powell: the U.S. is the star economy »

Powell: the U.S. is the…

OPTT

Ocean Power

$1.49

-0.005 (-0.33%)

10:55
11/14/19
11/14
10:55
11/14/19
10:55
Conference/Events
Ocean Power to host business news update conference call »

Conference call to…

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  • 14

    Nov

AAPL

Apple

$263.82

-0.7 (-0.26%)

, UBER

Uber

$25.97

-0.73 (-2.73%)

10:53
11/14/19
11/14
10:53
11/14/19
10:53
On The Fly
Apple downgrade, Uber upgrade among today's top analyst calls »

Check out today's top…

AAPL

Apple

$263.82

-0.7 (-0.26%)

UBER

Uber

$25.97

-0.73 (-2.73%)

KHC

Kraft Heinz

$31.79

-1.1 (-3.34%)

VZ

Verizon

$59.16

-0.25 (-0.42%)

T

AT&T

$38.93

-0.22 (-0.56%)

TMUS

T-Mobile

$77.04

-0.98 (-1.26%)

ATUS

Altice USA

$26.91

0.07 (0.26%)

BYND

Beyond Meat

$81.24

2.26 (2.86%)

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  • 18

    Nov

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  • 04

    Dec

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    Dec

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    Dec

  • 10

    Dec

  • 29

    Jan

  • 30

    Jan

10:50
11/14/19
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10:50
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General news
More Powell: the long expansions have been a function of getting inflation under control »

More Powell: the long…

VTGN

VistaGen Therapeutics

$0.34

-0.7449 (-68.65%)

10:45
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Downgrade
VistaGen Therapeutics rating change  »

William Blair downgrades…

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CI

Cigna

$191.00

0.84 (0.44%)

10:45
11/14/19
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10:45
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10:45
Options
Cigna call volume above normal and directionally bullish »

Bullish option flow…

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  • 20

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    Feb

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General news
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General news
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