F Jun 2024 0.170 call
| Previous close | 13.65 |
| Open | 13.70 |
| Bid | 10.85 |
| Ask | 12.05 |
| Strike | 0.17 |
| Expiry date | 2024-06-21 |
| Day's range | 13.65 - 13.70 |
| Contract range | N/A |
| Volume | |
| Open interest | 8 |
- Yahoo Finance Video
Ford CEO on making money on EVs
‘After 120 years we've seen a lot of competition’ says Ford (F) CEO Jim Farley to Yahoo Finance Executive Editor Brian Sozzi. His comments come as the automaker unveils a 1 billion dollar 30-acre innovation district, centered around the iconic Michigan Central Station. Sozzi asked if Farley had a date on the calendar for making money on the big EV push, ‘we wouldn't allocate capital if i didn’t think it was profitable’ he responded. The new development serves as something of an emblem for Ford’s future ambitions; much of that, today, takes the form of the push into electrification. It hasn’t been an easy road, but despite fierce competition from the likes of Elon Musk’s Tesla, Ford has managed to establish itself as America’s No. 2 electric vehicle brand. Price cuts for the F-150 Lightning and the Mustang Mach-E have been a part of the strategy however; the latter being the second bestselling electric SUV in the United States last year. Earlier this year, however, something of a bombshell; the company announced it was reassessing its EV plans, saying though there was growth to come, widespread adoption would take time. ‘The hard part is delivering and executing affordable EVS that make money’, Farley added. You can watch the full video here.
PA Media: MoneyFord managers to take industrial action over pay
Members of Unite will ban overtime and work to rule, with strikes not ruled out.
Associated Press FinanceFrom decay to dazzling. Ford restores grandeur to former eyesore Detroit train station
The once-blighted monolithic Michigan Central train station — for decades a symbol of Detroit’s decline — has new life following a massive six-year, multimillion-dollar renovation to create a hub for mobility projects in the rebirth of the Motor City. The windowless, hulking, scavenger-ravaged structure that ominously shadowed the city's Corktown neighborhood is now home to Ford Motor Co. and the centerpiece of a sprawling 30-acre (12-hectare) mobility innovation district. The building's first tenant, Google’s Code Next Detroit computer science education program, is expected to move in by late June.
