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The enlarged museum would cost $20 million and will be completed over the next five years. The extra space would allow about 250,000 artifacts now stored in nearby buildings to be displayed. They include a large bicycle collection, racetrack and railroad memorabilia and larger vehicles, such as Mack trucks and fire trucks. The expanded museum will host major events, including 500 to 600 car shows a year and possibly a drive-in movie occasionally on the wall of one of the buildings. The… Source link

Ford Motor (NYSE:F) had its price target lifted by research analysts at Evercore ISI from $16.00 to $18.00 in a research report issued on Tuesday, The Fly reports. Evercore ISI’s target price suggests a potential downside of 26.08% from the stock’s current price. Several other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Ford Motor from $18.00 to $20.00 and gave the company an “overweight” rating in a research… Source link

Petrol and diesel drivers will be hit with a higher car tax in 2022. From April, drivers will be hit with an increase in Vehicle Excise Duty (VED) creating higher car tax for some road users. There will also be new Benefit in Kind (BiK) changes and Clean Air Zones will be introduced as reported by Wales Online. Read more: Motor News Owners of the most polluting petrol and diesel vehicles will pay more as a result of the changes, the Express reports. VED charges are expected to increase… Source link

We’re off to a flying start as we head into 2022, as the January edition of MOTOR comes filled to the brim with everything that’s moving and shaking in the performance car world. Earlier this month, we saw the public reveal of the new Gen3 Supercars that will take to the track at the opening round of the 2023 Supercars Championship. They’re vastly different beasts, with drastic aero reductions that should make them both harder to drive and better to watch. We sit down with the brains… Source link

The larger EV600 will be built at CAMI Assembly in Ontario starting in late 2022. Production of the EV410 is slated to start in 2023 at CAMI. · The Detroit News Canada proposes deal to align electric vehicle credits with US Prime Minister Justin Trudeau says Canada has put forward “a number of solutions” for resolving its complaint over a proposed U.S. tax incentive on electric vehicles made only by unionized American workers. Canada has slammed the tax credit as a violation of the North… Source link

Text size Ford Executive Chairman William Clay Ford Jr., with the 2021 Ford F-150 King Ranch Truck. Nic Antaya/Getty Images Elon Musk has made high-profile sales of Teslastock as of late, but a prominent insider at another auto giant is buying shares. Ford Motor(ticker: F) stock has more than doubled this year, and its executive chair, William Clay Ford, Jr., just disclosed a large purchase of shares of the auto giant. Ford Motor stock has rocketed 128% so far this year through… Source link

Rocky Point Park fondly remembered as an amusement park where rides of all kinds from bumper cars to the flume made for thrills will now make the automobile history books. Last week Hemmings Motor News announced the Great Race presented by Hagerty Drivers Club will start Jun 18 at the park.  The selection of the park to start the race was Mayor… Source link

Equities analysts predict that Ford Motor (NYSE:F) will announce $36.37 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ford Motor’s earnings. The lowest sales estimate is $36.35 billion and the highest is $36.40 billion. Ford Motor posted sales of $33.20 billion during the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The firm is scheduled to report its next quarterly… Source link

Ford Motor Company (NYSE:F) had a rough few years, with revenue decreasing and the management cutting dividends temporarily. Today, Ford is striving to optimize the business and re-discover growth from EV and traditional vehicles. As the stock’s performance is based on the future, we will examine how the market and analysts view the company. In the last quarter, Ford posted the expected revenues of US$33b, however the company did surprise by delivering a profit of US$0.45 per share, an… Source link