Ford Stock News

Ford announced a partnership Thursday with a semiconductor manufacturer amid a shortage that is disrupting the auto industry.

They exceed or nudge close to the legacy automakers market caps. Shades of Tesla.

Ford Motor Company (NYSE: F ) and semiconductor manufacturer GlobalFoundries Inc. (NASDAQ: GFS ) have entered into a partnership designed to boost chip supplies for Ford and the U.S. automotive industry. What Happened: The new partnership involves a non-binding agreement that enables GlobalFoundries to expand the semiconductor supply for Fords current vehicle lineup while joining with the automaker in joint research and development to address the need for an increased chips volume to meet the automotive industrys needs, including semiconductor solutions for ADAS, battery management systems and in-vehicle networking. Furthermore, the companies will explore what they described Full story available on Benzinga.com

U.S. stocks slipped on Thursday despite a continuation of strong earnings reports from Nvidia, Macys and Kohls. The Dow Jones Industrials declined 197.20 points to 35,733.85 mid-morning Thursday. The S&P 500 slipped 8.15 points to 4,680.52. The NASDAQ Composite retreated 34.69 points to 15,886.88. Trading has been choppy this week with the major averages mostly wavering around the flat line, but the S&P and NASDAQ are still on track for a positive week and are sitting less than 1% from their records. The Dow is 1.8% from its record. Nvidia shares advanced nearly 10% after beating on the top and bottom lines of its quarterly results and issuing a bullish revenue forecast for the current quarter ending in January. The chipmaker saw a 55% gain in data center sales from the same period a year ago 42% increase in gaming, its biggest market. Those gains helped lift other chip stocks trading. Advanced Micro Devices gained more than 4%. Qualcomm and Micron Technology added about 2%. Separately, GlobalFoundries saw a big pop after revealing it entered a partnership with Ford to help the automaker increase its chip supply.

Canada''s main stock index opened lower on Thursday as gains in energy shares on the back of higher oil prices offset losses in mining stocks, while Lithium Americas jumped on buying Argentina-focused Millennial Lithium. The S&P/TSX Composite toppled 78.78 points to open Thursday at 21,574.24. The Canadian dollar dumped 0.17 cents at 79.12 cents U.S. The deal for Millennial involves $400 million in stock and cash, eclipsing an offer from China''s Contemporary Amperex Technology. Lithium Americas shares grabbed $1.87, or 4.5%, to $43.44. Credit Suisse raised the rating on Atco Ltd. to outperform from neutral. Atco shares gained $1.04, or 2.5%, to $42.43. Scotiabank raised the price target on Fairfax Financial Holdings to $790 from $775. Shares in Fairfax backtracked $6.01, or 1%, to $573.99. Scotiabank cut the rating on Goodfood Market to sector perform from outperform. Goodfood shares gave back 31 cents, or 5.9%, to $4.99. Desjardins Securities raised the target price Loblaw Companies to $105.00 from $88.00.

CAPROCK Group Inc. lessened its position in Ford Motor (NYSE:F) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,652 shares of the auto manufacturers stock after selling 1,089 shares during the period. CAPROCK Group Inc.s holdings in Ford Motor were worth $661,000 as []

Ford thinks it has a solution to ongoing car chip shortages : make a deal with one of the world''s largest chipmakers. CNBC reports the badge has unveiled a "strategic collaboration" with GlobalFoundries that will boost chip manufacturing and development in the US to improve supply for Ford and other domestic car producers. The non-binding arrangement will have GlobalFoundries look into solutions for components ranging from advanced driver assistance through to EV battery management. The exact terms aren''t clear. However, Ford stressed the team-up "does not involve" any joint ownership stakes. Any results might not come for a while. It takes time just to repurpose factories and ramp up production, let alone to build any new facilities. Regardless, both sides have a strong incentive to work together. Ford has already slashed production and delayed car orders to accommodate chip shortages, for instance. IWhatever costs it pays could be worthwhile if they help the company meet demand. GlobalFoundries, meanwhile, could use this to land more business from automakers and ride a surge in car demand.

Ford Motor Co and chip manufacturer GlobalFoundries Inc on Thursday The post Ford partners GlobalFoundries to boost chip supply appeared first on PageOne .

Mike Colias / Wall Street Journal : Ford partners with GlobalFoundries to develop chips, but offers few concrete details — The auto maker and GlobalFoundries agree to develop, potentially produce semiconductors in U.S. under strategic pact — Ford Motor Co. is looking to get into the semiconductor business …

Tesla Inc (NASDAQ: TSLA ) mega-bull Cathie Wood in an interview with Barron''s said on Wednesday legacy automakers

Without representation in Washington, D.C., the Ontario government is relying on Prime Minister Justin Trudeau to score the province an exemption from a protectionist proposal by U.S. President Joe Biden that would hurt Ontarios automotive industry. Bidens proposal is a tax credit for electric vehicles (EVs) thats worth up to $12,500 per purchase. Its part []

The Ford government is facing backlash over a soon-to-be implemented program for symptomatic COVID-19 testing at pharmacies. Opposition leaders and doctors are worried the plan will pose significant health risks and cause unneeded stress for employees and customers. It was revealed on Tuesday that Ontario will allow any pharmacies who opt-in to begin testing customers []

One of the hottest electric vehicles at the moment is Ford''s Mustang Mach-E , and I recently had a chance to spend some time in a 2021 model in First Edition trim to test out all of its features including the SYNC 4A infotainment system on a massive 15.5-inch portrait display with support for wireless CarPlay . I went hands-on with the 2021 F-150 hybrid with SYNC 4 a few months ago, but the SYNC 4A infotainment system in the Mach-E offers a rather different experience. The Mach-E offers very little in the way of hardware controls, certainly as far as the dash and center stack are concerned, with almost all of the vehicle''s functions handled through the main infotainment screen that dominates the vehicle''s interior. About the only hardware control in the traditional center stack area is a textured ring for controlling volume, and even that is mounted directly on the screen in a very neat touch. SYNC 4A Infotainment The SYNC 4A infotainment system is essentially divided vertically into four sections, with a narrow top bar at the top offering some high-level information on the vehicle and access to some shortcuts, a main app section, a card-based interface for changing between functions, and a climate control section at the bottom.

DUBLIN--(BUSINESS WIRE)--The "Fuel Cell Vehicle Market Global Forecast 2021-2030, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com''s offering. This report provides a detailed analysis of Global Fuel Cell Vehicle Industry. Companies Mentioned Volkswagen Toyota Motor Corporation Daimler AG Ford Motor Company Honda Motor Company A fuel cell is an electrochemical reactor that converts the chemical energy and a