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Ford Motor Newsroom
"How long can the Trump trade continue?"
Compared to other presidential candidates, the impact of Trump's victory is unique, but Wall Street should also be wary of the fading of this effect.
Ford agrees to pay a fine of 0.165 billion dollars to end the investigation related to autos recall.
On November 15, Glonghui reported that the National Highway Traffic Safety Administration (NHTSA) of the usa stated that ford motor agreed to pay a fine of $0.165 billion to conclude the investigation into its slow or inaccurate recall action. The NHTSA said that the fine amount is the second largest fine record in the department's history. According to the report, ford agreed to initially pay NHTSA $65 million, spend an additional $45 million to make the business compliant with regulatory requirements, and the remaining $55 million will be classified as deferred expenses.
"Trump trade" remains popular, but how much longer can it last.
Stocks, bonds, and other assets are already expensive relative to historical levels. Trump's trade protectionism policy may lead to a resurgence of inflation and force the Federal Reserve to maintain interest rates at high levels for a longer period of time. In addition, the US economy is facing continuously expanding fiscal deficits and a labor market that is already showing signs of fatigue, which could put pressure on the economic growth outlook.
24-hour global political and economic news overview | November 15.
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The Trump team plans to cancel the $7,500 electric car tax credit, causing a sharp drop in electric car stocks.
The Trump team is considering canceling the $7,500 electric vehicle subsidy policy to fund its tax reduction plan. This policy is one of the measures adopted by the Biden administration to combat inflation. Trump supporters and the oil industry hope to cancel electric vehicle tax incentives, while the auto industry groups are calling for retention. Musk believes that canceling the subsidy policy will not have a significant impact on Tesla, but will rather cause more trouble for competitors. Electric vehicle stocks plummet, with Tesla down 5.77% and "Tesla rival" Rivian down 14.3%.
U.S. stocks closed: Powell suppressed rate cut expectations, the three major indexes accelerated their decline in the last minutes.
1. China concept stocks were generally down, with the Nasdaq Golden Dragon Index falling by 1.81%; 2. The Trump transition team is planning to cancel the $7,500 tax credit for electric autos; 3. Ford was fined $0.165 billion for failing to comply with recall requests; 4. Blackrock aggressively bought Apple in Q3 and continued to increase its shareholding in the 'Big Seven' companies.
Trump Likely to Eliminate EV Credits. Tesla Loses Its $1 Trillion Status. -- Barrons.com
Ford Motor Options Spot-On: On November 14th, 145.64K Contracts Were Traded, With 3.27 Million Open Interest
On November 14th ET, $Ford Motor(F.US)$ had active options trading, with a total trading volume of 145.64K options for the day, of which put options accounted for 52.64% of the total transactions,
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Express News | Viking Global Investors LP Reports Share Stake of 967.2 Thousand Shares in Boston Scientific Corp
Express News | Viking Global Investors LP Dissolves Share Stake in Ford Motor
Ford (NYSE:F) Shares Slip After Huge New Fine
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Media: Trump plans to cancel electric car subsidies, Musk welcomes it.
①According to reports, Trump's transition team plans to cancel the electric autos tax credit policy introduced by the Biden administration; ②Tesla has informed Trump's transition team that they support the subsidy cancellation.
Express News | General Motors Pares Gains, Last up 0.2%
Express News | Tesla Down 4.2%, Rivian Down 10.5%, Ford Down 0.2%
What's Going On With Ford Motor Stock Today?
Ford (F.US) was fined over 0.16 billion US dollars for failing to timely recall problematic automobiles.
Ford Motor (F.US) has agreed to pay a civil fine of $0.165 billion to settle allegations that the company failed to timely recall defective automobiles with rearview cameras, marking the second largest fine ever imposed by the USA's National Highway Traffic Safety Administration. The institution stated on Thursday that Ford will pay a $65 million fine and defer paying a $55 million fine until authorities determine that the company has fulfilled its obligations under the consent order. According to the terms of the trade, Ford is also required to invest $45 million to develop safety data analysis systems and make other investments to improve its compliance with safety regulations.
Ford Hit With Near-record US$165 Mil Penalty on Recall Failure
NHTSA Fines Ford With Its Second-Largest Penalty in History for Delaying Recalls -- WSJ