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INX:F, Aug 24, 12:01 UTC

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Target, Facebook, Ford: Stocks That Defined the Week

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Discounter Target said sales at stores open at least a year rose 3.4% in the three months ended Aug. 3 while revenue and earnings also climbed. Its stock rose 20% Wednesday, the day its results were released. Target has been spending heavily to adjust to changes in shopping habits, and there were signs those improvements paid off. Meanwhile, traditional department stores are still hurting; Nordstrom Inc. said that sales and profit slipped in the latest quarter. Ford Motor Co. Big auto makers are trying to figure out who is in the driver’s seat when it comes to emissions rules: the White House or the state of California.

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Thursday, August 22


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Ford names new president for China joint venture to deepen alliance amid falling sales

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(Reuters) - Ford Motor Co <F.N> on Thursday named Steven Armstrong president of the Changan Ford joint venture in China to deepen the alliance and push for more models, as the U.S. carmaker tries to stem a decline in sales in the world's second largest economy. Over the next three years, it plans to launch more than 30 new models in China, of which over a third will be electric vehicles. "Steve's leadership will help us further strengthen the Changan Ford JV as we bring more new vehicles to the China market, including our first global all-electric small SUV," Ford Chief Executive Officer Jim Hackett said. Armstrong, the current chairman of Ford Europe, will begin his new role on Oct. 1, and report to Ford China President and CEO Anning Chen.

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Ford Focus ST Estate diesel

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The usual rules apply: the ST Estate gets the petrol model's styling enhancements and a similarly fettled chassis, but with a less powerful, weightier lump over the front axle. As ever, there's absolutely no guarantee that the same level of driving reward will survive the migration. Nevertheless, it is a cold-hearted sort of logic which typically instructs an ST buyer to begrudgingly tick the diesel box. Ford's 2.0-litre EcoBlue motor has 190hp and 295lb ft of torque, with the two peaks coming in quick succession - the latter arriving first from 2,000rpm and the former at 3,500rpm. The swift arrival of that grunt means the diesel Estate is the most capable load-lugger of the line-up, hauling up to 1,800kg of braked trailer, 200kg better than the 280hp/310lb ft petrol ST and, critically, identical to the Octavia vRS TDI, its closest competitor. Given the ST's £3.5k premium and the vRS's modest superiority in economy and basic ride comfort, it would be hard to recommend the Focus as a superior all-court solution to the job of being a moderately quick estate car. But if you're specifically after a practical, high-mile-capable wagon with enough handling smarts to raise the odd smile, we'd put the ST a nose ahead of the buttoned-down Octavia. How's that for logic... SPECIFICATION - FORD FOCUS ST ESTATE DIESEL.

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Trump attacks Ford Motor for not backing fuel economy rollback

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WASHINGTON (Reuters) - U.S. President Donald Trump stepped up a series of attacks on automakers on Wednesday for not backing his administration's plan to roll back Obama-era fuel efficiency rules, singling out Ford Motor Co <F.N> in particular for backing a deal with California for stricter fuel economy standards. Ford is one of four automakers, along with Honda Motor Co <7267.T>, BMW AG <BMWG.DE> and Volkswagen AG <VOWG_p.DE>, that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of the right to fight climate change by setting its own standards. Trump said company founder Henry Ford would be "very disappointed if he saw his modern-day descendants wanting to build a much more expensive car, that is far less safe and doesn’t work as well, because execs don’t want to fight California regulators." Ford said in a statement that it is focused on acting to protect the environment while also protecting the affordability of vehicles. California Attorney General Xavier Becerra responded to Trump's attacks on automakers saying it would result in an additional 540 million metric tons of greenhouse gases and other harms. GM has not backed the voluntary agreement, arguing that it does not properly credit the company's electric vehicles. Even so, Trump tweeted that the founders of Ford and GM "are 'rolling over' at the weakness of current car company executives" over the fuel rules, adding: "Crazy!"

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Wednesday, August 21


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Better Buy: Ford Motor Company vs. BMW AG

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Both Ford Motor Company (NYSE: F) and BMW AG (OTC: BMWYY) were investor favorites earlier in the decade, when rising profits and strong leadership impressed Wall Street. But with a growing sense that tough times lie ahead, investors have been looking elsewhere. Both Ford and BMW have had a bumpy ride in the stock market over the last 12 months. But U.S. investors might be surprised to learn that, of the two, it's BMW that has lost the most over the last year. (Why use adjusted earnings for Ford? Ford had a big noncash accounting charge in the fourth quarter of 2018 related to the valuation of assets in its pension funds and had mostly noncash restructuring-related charges in the first and second quarters of 2019. If we include those charges, Ford's price-to-earnings ratio jumps to about 16.5, which seems misleading. In this case, adjusted earnings give us a better sense of the company's actual valuation for comparison purposes.). When we look ahead, both look about equal. BMW increased its dividend every year from just 0.30 euros per share in 2010 up to a peak of 4.00 euros per share in 2018. But it paid just 3.50 euros per share in May of 2019 after a year in which rising costs ate into its profits.

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Skybook Sportsbook Releases Early Bird Bonuses Including A Chance To Win A Brand New Ford Mustang

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SAN JOSE, Costa Rica, Aug. 21, 2019 /PRNewswire/ -- Skybook (www.Skybook.ag), one of the premium internet sports betting companies, announced the release of its Early Bird Bonus and a Football Season Contest that gives existing and new Skybook members a chance to win a brand new Ford Mustang! Skybook members from around the world can bet on a large variety of sporting events including college and professional football, basketball, baseball, hockey, soccer, and many other world sport events. Skybook also offers its members live dealer casino games, and friendly wagering clerks available to help via dedicated, toll-free, customer service lines. And, for a limited time, deposits of $300 or more are being matched with a 100% cash bonus or a 200% free play bonus offer, and automatically receive free entries to participate in a contest featuring a brand new Ford Mustang as its grand prize, so customers can buckle up for the thrill of fast-paced sports betting action available 24 hours a day, 365 days a year! This means that for each and every deposit of $300 or more, customers will get not one, but three entries thus increasing their chances to drive away in a brand new Mustang the day after the Big Game!

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Trump attacks Ford Motor for not backing fuel economy rollback

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WASHINGTON (Reuters) - U.S. President Donald Trump stepped up a series of attacks on automakers on Wednesday for not backing his administration's plan to roll back Obama-era fuel efficiency rules, singling out Ford Motor Co <F.N> in particular for backing a deal with California for stricter fuel economy standards. Ford is one of four automakers, along with Honda Motor Co <7267.T>, BMW AG <BMWG.DE> and Volkswagen AG <VOWG_p.DE>, that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of the right to fight climate change by setting its own standards. Trump said company founder Henry Ford would be "very disappointed if he saw his modern-day descendants wanting to build a much more expensive car, that is far less safe and doesn’t work as well, because execs don’t want to fight California regulators." Ford said in a statement that it is focused on acting to protect the environment while also protecting the affordability of vehicles. California Attorney General Xavier Becerra responded to Trump's attacks on automakers saying it would result in an additional 540 million metric tons of greenhouse gases and other harms. GM has not backed the voluntary agreement, arguing that it does not properly credit the company's electric vehicles. Even so, Trump tweeted that the founders of Ford and GM "are 'rolling over' at the weakness of current car company executives" over the fuel rules, adding: "Crazy!"

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Friday, August 16


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Discover the engineering Easter eggs in the new 2020 Ford Explorer

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The 2020 Ford Explorer marks the first redesign for Ford’s midsize SUV in eight years. Ford has pulled out all the stops, switching the Explorer to a new rear-wheel drive platform, and adding hybrid and sporty ST models. The larger Super Duty trucks, as well as the Ford Expedition and Lincoln Navigator SUVs, eventually got aluminum bodies as well. Ford didn’t give the Explorer an aluminum body, but saving weight was still a priority, Bill Gubing, the Explorer’s chief engineer, said in an interview with the Detroit Free Press. Engineers also pored over every aspect of the Explorer to find ways to improve efficiency. For example, pieces of steel were cut from a tube in the chassis, saving weight by removing material that wasn’t needed to keep the chassis stiff. Holes were also cut in low-stress areas of a structural rear underbody rail that’s made of high-strength boron steel. While the Explorer is mostly steel, engineers used different grades and manufacturing processes depending on how strong a specific part needed to be.

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Wednesday, August 14


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Ford recalls 108K cars; seat belts may not hold in a crash

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DETROIT — Ford is recalling over 108,000 midsize cars in North America to fix a problem that could stop the seat belts from holding people in a crash. The company says the cars' front seat belt cables can lose strength due to heat buildup and may not adequately restrain passengers. Ford says it's aware of one injury from the problem. National SC deputy caught in child sex sting by his own department. Local A New York artist mapped the Twin Cities' 'lost' streetcar system.

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Ford extends warranties of 560,000 cars over transmission problems

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The company has faced a string of lawsuits and complaints about the transmissions, which can lurch into gear or feel like they are slipping. The latest move covers 2014 through 2016 model year Focuses built before Nov. 5, 2015, as well as 2014 and 2015 Fiestas built before Oct. 15, 2014. Ford (F) is extending the warranties on about 560,000 small cars in the U.S. and Canada to cover a litany of problems with a troubled six-speed automatic transmission.

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