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FORD

FORD MOTORS CO. Sunday, 31 January 2021 20:02 PM (WIB) Canada for years has danced around the global electric vehicle transition, touting its environmental importance while simultaneously propping up traditional auto manufacturing and defending its oil sands industry. But several recent developments suggest the shift to EVs is gaining traction. The combination of Joe Biden’s presidency in the U.S., coupled with a Democratic-led Congress and pandemic-loosened purse strings in Canada, could jump-start the change — helped by a big boost from the industry. In the past six months, three global automakers have announced big electric vehicle investments in Canada’s most populous province. General Motors Co. said on January 15 that it will invest nearly C$1 billion to produce electric commercial vans in Ingersoll, Ontario. Ford plans to spend roughly C$1.2 billion to begin building five battery-powered cars in Oakville, Ontario, from 2025. And in fall 2020, Fiat Chrysler said it would invest as much as C$1.5 billion to create its own electric vehicle platform in the province. The announcements were hailed by the union representing more than 20,000 autoworkers at the three companies, as was the promise of close to C$600 million in provincial and federal government funding for the Ford plant. (GM and Fiat Chrysler are still in discussions with both governments for support). “This level of cooperation and support for the auto industry’s transition to zero-emissions vehicles shows that as a nation we are taking a global leadership role in the development and manufacturing of electric vehicles,” Unifor President Jerry Dias said in a statement following the Ford deal. For further details information below: www.ford.com www.iea.org Music background by The Beatles "In My Life" www.youtube.com Best regards, RyodaBrainless "Live to Ride and Ride to Live"
NYSE:F
by RyodaBrainless
1
Ford - 7 Year Downtrend Channel Ford has been stuck inside this downtrend channel since 2013. The stock has is up 130% since its recent March lows and we're once again approaching resistance at the top of the channel. We've been scalp trading on Ford for nice gains over the past 6 months but are not in a position now. If we're finally able to break out of this channel, we would look for support and then make our move for a long play. We would like to see a $15.88-$16 target if this occurs, but still too early and we'll wait for confirmation. Shoot us a like and follow and we'll be back with some updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYSE:F
by MannyLo
3