Hertz orders 1,00,000 Model 3 electric vehicles from Tesla

Monday, 25 October 2021, 18:40:16
Detroit, October 25 Car rental company Hertz is ordering 100,000 electric vehicles from Tesla. The company says it”s buying the Tesla Model 3 small cars by the end of 2022, and it also will buy electric vehicle chargers. No price was given for the order, but it has to be worth around $4 billion because each Model 3 has a base price of around $40,000. Hertz emerged from bankruptcy protection in June and named former Ford CEO Mark Fields as interim CEO in October. Fields says the Estero, Florida-based company intends to lead as a mobility company with the largest electric vehicle rental fleet in North America. He says EVs are now mainstream vehicles, and the company is starting to see rising global demand and interest. Hertz Global Holdings Inc. filed for bankruptcy protection in May 2020. It was among the first major corporations to be felled by the pandemic last year as infections surged and shut down travel on a global scale for both companies and vacationers. AP
— The Tribune

If Youre Not Bullish On Ford Motor Company (NYSE: F) Now, Youll Kick Yourself Later

Monday, 25 October 2021, 18:30:00
Ford Motor Company (NYSE:F) price is hovering lower on Monday, October 25, dropping -1.14% below its previous close. >> 7 Top Picks for the Post-Pandemic Economy > 7 Top Picks for the Post-Pandemic Economy
— Stocks Register

Right to disconnect bill to promote work-life balance: McNaughton

Monday, 25 October 2021, 15:40:23
More worker protections are on the way from the Ford government that could see employees stressing less about their email when they are not working. Labour Minister Monte McNaughton says he will introduce a right to disconnect bill. It would, for example, require Ontario companies with 25 employees or more to develop policies about response []
— CityNews Toronto

Key Events This Very Busy Week: Earnings Deluge, Central Banks, GDP And Much More

Monday, 25 October 2021, 15:26:22
Key Events This Very Busy Week: Earnings Deluge, Central Banks, GDP And Much More While the FOMC enters its quiet period ahead of next week”s taper announcement, it”s still set to be a bumper week ahead for markets. Amid silence from FOMC speakers, we get decisions from the ECB and the Bank of Japan (both Thursday). As DB”s Jim Reid notes, inflation will obviously remain in the spotlight too as we get the October flash estimate for the Euro Area (Friday) with some regional numbers like German (Thursday) before. In addition, the Q3 earnings season will ramp up further, with 165 companies in the S&P 500 reporting, including Facebook (today), Microsoft, and Alphabet (both tomorrow), and Apple and Amazon (Thursday). Elsewhere, the UK government will be announcing their latest budget and spending review (Wednesday), Covid will remain in the headlines in light of the growing number of cases in many countries, and well get the first look at Q3 GDP growth in the US (Thursday) and the Euro Area (Friday).
— Zero Hedge

Charles Schwab Investment Management Inc. Cuts Stock Holdings in Ford Motor (NYSE:F)

Monday, 25 October 2021, 14:56:41
Charles Schwab Investment Management Inc. decreased its holdings in shares of Ford Motor (NYSE:F) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,484,841 shares of the auto manufacturers stock after selling 630,500 shares during the quarter. Charles Schwab Investment []
— Dakota Financial News