Business

Ford to replace CEO Mark Fields

Ford to replace CEO Mark Fields

An announcement is expected later this morning. Earlier this year, Tesla passed Ford and GM in the market value of its stock, despite having only a fraction of the sales. General Motors' Chevrolet Bolt electric auto, with 238 miles of range, went on sale past year; Ford is working on an electric SUV with 300 miles of range, but it's not due out until 2020.



Placing This Stock in the Hotbed: Investors Real Estate Trust (NYSE:IRET)

AEW Capital Management L P raised its stake in shares of Washington Real Estate Investment Trust by 161.6% in the third quarter. The share price of PEI has decreased by over -42.74% in the last six months. Shareholders of record on Friday, March 31st were given a $0.018 dividend. The ex-dividend date of this dividend is Wednesday, April 26th. We think the increased volume is representative of buyers as it has displayed in many other cases.


Tesla Relents, Says Supercharging Will Be Free to All Current Vehicles

Tesla Relents, Says Supercharging Will Be Free to All Current Vehicles

Good guy Tesla has had a change of heart. "We heard from our customers that free, unlimited Supercharging was one of their favorite reasons to refer a friend to buy a Tesla, so we're bringing it back for Model S and Model X owners through our referral program, which we update periodically".


US approves $650M for San Francisco Bay Area train system

US approves $650M for San Francisco Bay Area train system

In February, the Transportation Department withheld a $647 million grant for the San Carlos Peninsula Corridor Electrification, or Caltrain, project, from San Francisco to San Jose to allow a review by Transportation Secretary Elaine Chao. The biggest difference maker came just previous year when voters gave their OK to the transportation measure authorizing $1.1 billion to make electrification happen.



French troops will remain in Sahel until militants eradicated - Macron

The visit was mainly focused on the French forces deployed in Mali, and Macron was scheduled to have lunch with his compatriots before leaving the country. "Our armed forces are giving their all, but we must speed up" efforts to secure the Sahel, he told a news conference in Gao, Mali, where he held talks with President Ibrahim Boubacar Keita and spoke to some of the 1,600 French soldiers based there.



Ford confirms 1400 job cuts and cost-cutting

The news agency reports that by October 1, Ford will lay off only salaried workers offering them generous early retirement incentives. Ford Motor Co.is looking at cost cuts, including personnel cuts high as 10 percent to its global operations, according to one report, amid plateauing USA auto sales and slipping profits.