Chinese company Zhejiang Geely Holding Group, known as Geely, holds significant stakes in U.S.-active automakers Volvo, Polestar, and Lotus, giving it access to dealer networks and factory capacity in the U.S. Despite bipartisan opposition and high tariffs on Chinese electric vehicles, Geely benefits from its investments, including a Volvo factory in South Carolina with room to increase production. Geely's Chinese brand Zeekr is also poised for U.S. market entry, supported by partnerships like Waymo's use of Zeekr vehicles for autonomous driving tests. This strategic positioning could allow Geely to grow its U.S. presence amid political challenges and evolving market demand.
Jefferies has upgraded Ford and General Motors to 'Buy' ratings, citing improving earnings prospects, stronger free cash flow, and progress on operational challenges. Ford's price target was raised to $17.50 ahead of its Q2 earnings, with expectation...
Ford is growing its accessory and parts business to increase profits and capture more of the $53 billion U.S. automotive aftermarket. The company plans more exclusive product launches, similar to "Nike shoe drops," starting with a limited-edition For...
Jefferies upgraded Ford Motor Company to 'Buy' with a $17.50 price target, suggesting a 22% gain from its current price of $14.35. Ford's attractive 4.24% dividend yield outperforms the S&P 500 average and rivals like General Motors. The company’s st...
This week, U.S. markets focus on the Federal Reserve's July meeting, key inflation data like Core PCE, and second-quarter GDP figures, alongside major tech earnings from Microsoft, Meta, Apple, and Amazon. Rising oil prices and geopolitical tensions ...
Ford has recalled over 500,000 Bronco SUVs made between 2021 and 2026 due to a wiring defect that could cause engine fires. The recall includes some Bronco Raptors and follows reports of at least 15 fire incidents linked to the wiring harness, though...
