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SVTPerformance's Chain of Restaurants
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Ford to Reveal All-Electric F-150 Lightning May 19 with Livestreamed Event at Ford HQ
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<blockquote data-quote="Weather Man" data-source="post: 16625334" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3700325-ford-looks-to-jolt-electric-vehicle-sector-with-new-tech-heavy-strategy" target="_blank">Ford looks to jolt electric vehicle sector with new tech-heavy strategy</a></p><ul> <li data-xf-list-type="ul">Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) is in the spotlight today as it holds its Capital Markets Day in a virtual format.</li> <li data-xf-list-type="ul">Execs highlighted the upside for investors and customers from the Ford+ strategy that includes new electrified models, OTA updates, charging services, full autonomy and new customer services.</li> <li data-xf-list-type="ul">Ford wants an "always on" relationship with customers that will unlock new growth opportunities.</li> <li data-xf-list-type="ul">The Detroit automaker continued to talk up its electric push via popular models like the Mustang Mach-E crossover, E-Transit, Bronco and F-150 Lightning. The electric push will lead to even more undisclosed models per CEO Jim Farley.</li> <li data-xf-list-type="ul">Ford revealed its new tech stack called Blue Oval Intelligence will deliver new features via the cloud. Ford said its goal is to lead the electric revolution. Obviously, the automaker will have heavy competition from Tesla (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>), General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) and Volkswagen (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a>) as it pursues that goal.</li> <li data-xf-list-type="ul">Despite the big investment in EVs, Ford's ultimate vision is to boost profitability significantly via scale and services revenue.</li> <li data-xf-list-type="ul">Ford mentioned that it is investing in solid-state batteries in what could be a positive sign for QuantumScape (<a href="https://seekingalpha.com/symbol/QS" target="_blank">QS</a> +4.7%).</li> <li data-xf-list-type="ul">Ford is also creating a standalone Ford Pro business to focus on the commercial business.</li> <li data-xf-list-type="ul">Ford wants its connected services business to grow right past Tesla in terms of drivers.</li> <li data-xf-list-type="ul">In an early reaction to Ford's big day, Wedbush Securities analyst Dan Ives says the automaker's heavy push into electric vehicles is a further indication that the industry is in the first inning of a $5 trillion market opportunity over the next decade. Ford will be on watch for the rest of the week for potential analyst upgrades.</li> <li data-xf-list-type="ul">Shares of Ford are up 4.29% in early trading to $13.36.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16625334, member: 137766"] [URL='https://seekingalpha.com/news/3700325-ford-looks-to-jolt-electric-vehicle-sector-with-new-tech-heavy-strategy']Ford looks to jolt electric vehicle sector with new tech-heavy strategy[/URL] [LIST] [*]Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]) is in the spotlight today as it holds its Capital Markets Day in a virtual format. [*]Execs highlighted the upside for investors and customers from the Ford+ strategy that includes new electrified models, OTA updates, charging services, full autonomy and new customer services. [*]Ford wants an "always on" relationship with customers that will unlock new growth opportunities. [*]The Detroit automaker continued to talk up its electric push via popular models like the Mustang Mach-E crossover, E-Transit, Bronco and F-150 Lightning. The electric push will lead to even more undisclosed models per CEO Jim Farley. [*]Ford revealed its new tech stack called Blue Oval Intelligence will deliver new features via the cloud. Ford said its goal is to lead the electric revolution. Obviously, the automaker will have heavy competition from Tesla (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]), General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) and Volkswagen ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL]) as it pursues that goal. [*]Despite the big investment in EVs, Ford's ultimate vision is to boost profitability significantly via scale and services revenue. [*]Ford mentioned that it is investing in solid-state batteries in what could be a positive sign for QuantumScape ([URL='https://seekingalpha.com/symbol/QS']QS[/URL] +4.7%). [*]Ford is also creating a standalone Ford Pro business to focus on the commercial business. [*]Ford wants its connected services business to grow right past Tesla in terms of drivers. [*]In an early reaction to Ford's big day, Wedbush Securities analyst Dan Ives says the automaker's heavy push into electric vehicles is a further indication that the industry is in the first inning of a $5 trillion market opportunity over the next decade. Ford will be on watch for the rest of the week for potential analyst upgrades. [*]Shares of Ford are up 4.29% in early trading to $13.36. [/LIST] [/QUOTE]
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Ford to Reveal All-Electric F-150 Lightning May 19 with Livestreamed Event at Ford HQ
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