Fisker, the electric vehicle start-up, has exceeded expectations by producing 10,142 all-electric Ocean SUVs in 2023. This figure surpasses the revised forecast of 10,000 units that was given in December. However, it should be noted that throughout the year, the production estimates have continually decreased. Initially, in May, management anticipated an output of 32,000 to … [Read more...] about Fisker Stock Ends Year on a High Note
automotive industry
Schaeffler Seeks Merger with Vitesco Technologies
Offering a cash bid of EUR91 per share, Schaeffler aims to acquire all shares of Vitesco Technologies Group, valuing the company at €3.64 billion. Introduction Schaeffler, one of Germany's largest auto suppliers, has made a strategic move to merge with Vitesco Technologies Group by offering a cash bid of EUR91 per share. This deal represents an estimated value of €3.64 billion … [Read more...] about Schaeffler Seeks Merger with Vitesco Technologies
Ford Recalls Explorers Amidst Growing Sales
Ford Motor has announced a recall of its popular Explorer models, but this news has had little impact on the company's stock, which continues to rise. The National Highway Transportation Safety Administration recently issued a recall notice affecting 238,364 Ford Explorers manufactured between 2020 and 2022. Dated October 6, the recall notice may have taken a few days to appear … [Read more...] about Ford Recalls Explorers Amidst Growing Sales
Ford Motor Downgraded, Stellantis Emerges as a Stronger Contender
Shares of Ford Motor faced a reluctant downgrade on Monday as Jefferies analyst Philippe Houchois downgraded the stock to Hold from Buy. Ford's price target also saw a decrease from $17 to $15 per share. In response to this announcement, Ford shares dropped by 1.2% in early trading while S&P 500 and Dow Jones Industrial Average futures experienced a slight increase of about … [Read more...] about Ford Motor Downgraded, Stellantis Emerges as a Stronger Contender
