Ford Stock News

Protests by truckers in Canada could have a major impact on trade between the United States and Canada and are now impacting the automotive industry. What Happened: On Wednesday, a Ford Motor Co (NYSE: F ) factory shut down due to a blockade on the Ambassador Bridge. Other auto companies are bracing for the impact continued protests and blockades could have on the auto industry in Detroit. Protestors blocked the Ambassador Bridge, which connects Canada (Windsor, Ontario) to Detroit. The blockade made traffic unable to move into Canada via the bridge. The protests are against COVID-19 restrictions in Canada, with a large focus on restrictions for truck drivers. Related Link: Recap: Ford Motor Q4 Earnings Why It’s Important: The Ambassador Bridge carries 25% of all trade between Canada and the U.S. Ford shut down an engine plant in Windsor on Wednesday and reduced the schedule for an assembly plant in Oakville, … Full story available on Benzinga.com

General Motors, Ford Motor and Toyota Motor have been forced to cut production at several plants in the U.S. and Canada this week due to a lack of parts.

Ford Motor and Toyota have also shut down some operations because factories could not get parts made in Canada.

Ford Motor Co. (F) has idled a Canadian engine factory and reduced production at an assembly plant as the protests blocking freight traffic between Detroit, Michigan and Windsor, Ontario hurts supply chains. Ford’s engine plant in Windsor has been shutdown and the schedule cut back at a factory in Toronto that makes the Edge SUV, the company said. The automaker is continuing to ship engine inventory to U.S. plants but is struggling due to the trucker blockade at the border. The blockade of the Ambassador Bridge between Detroit and Windsor by protesters angry over COVID-19 restrictions is in its third day, with no end in sight. Windsor officials said they prefer a negotiated settlement over using force to tow away the vehicles that have clogged the city’s streets and prevented trucks from crossing the U.S.-Canada border. Windsor Mayor Drew Dilkens said the city’s police department is negotiating with multiple groups to try to persuade them to voluntarily leave the city’s streets so the bridge can be reopened.

WASHINGTON General Motors Co said on Thursday it was forced to cancel two production shifts at a plant in Michigan where it builds sport utility vehicles after Canadian trucking protests. The automaker said it had canceled a shift on Wednesday and a shift Thursday at its Lansing Delta Township plant. Both Ford Motor Co []

Ford Motor Co (NYSE: F ) and Toyota Motor Corp (NYSE: TM ) are halting some production as anti-COVID-19-mandate protesters blocked key U.S-Canada border crossings, Reuters reported on Wednesday. What Happened: Toyota does not expect to make vehicles at its Ontario sites for the rest of the week and Ford had halted engine output in Windsor while its Oakville factory near Toronto is operating with a reduced schedule. Truckers have shut inbound Canada Full story available on Benzinga.com

A blockade of the bridge between Canada and Detroit by protesters demanding an end to Canadas COVID-19 restrictions forced the shutdown Wednesday of a Ford plant and began to have broader implications for the North American auto industry. Prime Minister Justin Trudeau, meanwhile, stood firm against an easing of Canadas COVID-19 restrictions in the face []

Mayor Drew Dilkens: ''Every hour this protests continues, our community hurts''

Truckers opposed to coronavirus mandates risk hurting the auto sector and agriculture as they block US-Canada border crossings, the White House said on Wednesday, February 9, as Ford halted some output and Ottawa urged an end to the 13-day-long protests. Many pandemic-weary Western countries will soon mark two years of restrictions as copycat protests spread to Australia, New Zealand, and France now that the highly infectious Omicron variant begins to ease in some places. Horn-blaring protests have being causing gridlock in the capital Ottawa since late January and from Monday night, truckers shut inbound Canada traffic at the Ambassador Bridge, a supply route for Detroits carmakers and agricultural products. Production has been affected at Ford Motor Co and Chrysler-maker Stellantis. Another border crossing, in Alberta province, has been closed in both directions since late on Tuesday. Starting as a Freedom Convoy occupying downtown Ottawa opposing a vaccinate-or-quarantine mandate for cross-border truckers mirrored by the US government, protesters have also aired grievances about a carbon tax and other legislation. I think its important for everyone in Canada and the United States to understand what the impact of this blockage is potential impact on workers, on the supply chain, and that is where were most focused, White House spokesperson Jen Psaki said on Wednesday. Were also looking to track potential disruptions to US agricultural exports from Michigan into Canada. Washington is working with authorities across the border to reroute traffic to the Blue Water Bridge, which links Port Huron in Michigan with Sarnia in Ontario, amid worries protests could turn violent, she told reporters.

Jim Farley, CEO of Ford Motor Company (NYSE:F) made a comment during the company’s Q4 earnings report that highlighted Tesla Inc (NASDAQ:TSLA)’s position in the electric vehicle (EV) industry. Ford has seen success galore in its transition to electric mobility with models such as the F-150 Lightning and by reaching a record $100 billion in […]

Siemens AG and Ford Motor Company announced on Wednesday that they collaborated on the custom electric vehicle (EV) charger Ford Charge Station Pro, specifically designed for the Ford F-150 Lightning.

Ford Motor Co (NYSE: CEO ) Jim Farley on ​Tuesday reacted to a media report that noted how far out Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk ’s Roadster has traveled after it was hurled into space four years ago. What Happened: The CNN report tracked down the Roadster’s latest whereabouts and speculated on when it could, if at all, collide with Earth. Farley shared the report on the microblogging site Twitter along with a movie quote and a comment to say he wished "we could be around" to see the Roadster return to Earth someday. "It''s not the years. … Full story available on Benzinga.com

Ford Motor Co (NYSE: F ) said on Tuesday it has begun deliveries for E-Transit , the electric version of its top-selling cargo vans, from the Kansas City Assembly Plant and it is working on increasing production. What Happened: The Dearborn, Michigan-based automaker said the electric variant of the E-Transit has secured more than 10,000 orders. Demand is strong, with more than 300 customers placing orders for 10,000-plus E-Transit vans, Ford said, adding retail giant Walmart Inc (NYSE: WMT ) is among Full story available on Benzinga.com

Highlights It was the largest cryptocurrency seizure ever made by the Justice Department. The accused Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, both residents of New York, were due to appear before a federal court on Tuesday afternoon. The prosecutors said that the stolen coins were placed in a digital wallet used by Lichtenstein. The Justice Department on Tuesday said that it seized more than US$4.5 billion worth of Bitcoins stolen in a hacking attack on a cryptocurrency exchange in 2016. It is the largest cryptocurrency seizure ever made by the Justice Department, it said in a release. At the time, they were valued at around US$$71 million. The Bitcoins were stolen from the Bitfinex exchange, which is affiliated with the world’s biggest stablecoin, Tether. The total value of stolen Bitcoin is now worth about US$4.5 billion, Bloomberg quoted the Department as saying. The police arrested two suspects in Manhattan for allegedly trying to launder the proceeds. The Department said that the accused Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, both residents of New York, were due to appear before a federal court on Tuesday afternoon in Manhattan.

Ford Motor Company announced today that it has successfully started shipping its brand new all-electric E-Transit van to customers, working to fulfill the over 10,000 orders the automaker has to for the vehicle. “Ford E-Transit™, the electric version of America’s best-selling commercial van1 and the first of two all-electric vehicles purpose-built for Ford Pro™ commercial customers, […] The post Ford begins shipping all-electric E-Transit, beginning fulfillment of over 10,000 units appeared first on TESLARATI .