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Ford gains on doubling of production target for electric F-150 pickup
Shares of Ford Motor (F) are up 3.02% as of 3:15 p.m. New York time today, August 24, on news that the company has doubled its production target for the F-150 Lightning because of strong early demand for the full-sized electric pickup truck ahead of its 2022 launch. The automaker is targeting annual production of more than 80,000 in 2024, up from its prior target of more than 40,000.
Take that Ford: GM will boost spending on electric and autonomous vehicles by 30% through 2025
General Motors (GM) will boost global spending on electric and autonomous vehicles to $35 billion through 2025. That’s a 30% jump over its last spending plan, Reuters reported today.
Adding Ford to my Jubak Picks Portfolio
Today I made Ford (F) my fifth pick for a falling market in my Special Report: Five Picks and Five Hedges for a Falling Market on my JubakAM.com subscription site. Some of the logic of that pick is laid in n more detail in the Special Report. With momentum stocks showing signs of flagging, I think adding more value stocks or special situations with very specific growth “events” set to trigger a cascade of good news is indicated. In the case of Ford the company is building good momentum on its introduction of popular electric vehicles such as an electric Mustang and an electric F150 pickup truck.
