Fordโs 45% Rally Wiped Out as Hopes for an AI Windfall Fizzle
A runaway rally in shares of Ford Motor Co. has evaporated due to the growing economic pressure on US automakers and fading hopes that the company will reap a windfall from the AI boom.
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A runaway rally in shares of Ford Motor Co. has evaporated due to the growing economic pressure on US automakers and fading hopes that the company will reap a windfall from the AI boom.
JPMorgan Chase & Co. and Ford Motor Co. are helping launch a new program to bolster production in the state of Michigan. The bank and automaker will help suppliers in the program. JPMorgan CEO Jamie Dimon, Ford CEO Jim Farley and Michigan Governor Gretchen Whitmer speak exclusively to Bloomberg's David Westin in Detroit. (Source: Bloomberg)
The Trump administration on Tuesday blasted Ford Motorโs business partnerships with Chinese companies, saying they posed national security concerns. US Transportation Secretary Sean Duffy in a letter โto Ford CEO Jim Farley sent on Tuesday said the carmakerโs dealings with Chinese battery maker CATL and Chinese carmakers Geely and BYD raised โprofound concernโ. He urged Ford to cut ties with major Chinese companies. Duffy said USDOT was โdeeply alarmedโ by Fordโs reliance on licensed technology...