
Ryan Beene
@ryanbbeene
Industrials reporter for @business. GE, 3M, RTX. Previously autos & regs in DC. Views are mine, RTs ≠ endorsements. Got tips? Send to [email protected]
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19-06-2009 19:50:20
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Scoop from me and Austin Weinstein on Bloomberg Terminal about SEC probe into the 737 Max door plug blowout in January. Specifically sources tell us the agency is investigating whether comments by the company or its executives misled investors in violation of its anti-fraud rules.

EXECUTIVE SHUFFLE: Ford Motor Company promoted CFO John Lawler to vice chair & hired ex-Lucid Motors CFO Sherry House to become its finance chief. $F is bolstering its executive ranks as it seeks to staunch billions in EV losses Ryan Beene Rick Clough bloomberg.com/news/articles/… via Bloomberg

DOWNSHIFTING: Ford Motor Company trimmed its earnings forecast as the carmaker continues to struggle to cut warranty costs & faces supply shortages tied to recent hurricanes. ‘We need to move faster’ $F Ryan Beene Catherine Larkin bloomberg.com/news/articles/… via Bloomberg

DINGED: Ford Motor Company agreed to a $165 million civil penalty to settle allegations it failed to recall cars with defective rearview cameras in a timely manner. It's the second largest fine ever levied by nhtsagov $F Keith Laing Ryan Beene bloomberg.com/news/articles/… via Bloomberg

POTUS CAR TALK: Ford Motor Company Executive Chair Bill Ford took a surprise call from Donald J. Trump & came away feeling like he’ll help carmakers & his ties to Elon Musk won’t hurt legacy automakers $F $TSLA Ryan Beene bloomberg.com/news/articles/… via Bloomberg

FALLING FORTUNES: Shares of Ford Motor Company sunk after the company warned profit may fall by $2 billion+ this year on lower car prices & costly new-model launches. And that doesn't even factor in Donald J. Trump's tariff threats. $F Ryan Beene bloomberg.com/news/articles/… via Bloomberg



PRICE FREEZE: Ford Motor Company CEO Jim Farley says he won't raise car prices until he sees how rivals react to the cost of Donald J. Trump's tariffs. General Motors said it expects $5B in tariff costs. 'a pricing decision is a competitive decision' $F $GM Ryan Beene bloomberg.com/news/articles/…

NEW on Bloomberg Terminal now: Air traffic controllers guiding planes bound for Newark Liberty International Airport lost radar and radio communication for about 90 seconds early last week before flights at the key hub were snarled for days, according to people familiar.

TARIFF TOLL: Ford Motor Company suspended its full-year financial guidance & said Donald J. Trump’s auto tariffs will take a $1.5 billion toll on its 2025 profit. It also warned of possible 'industrywide supply chain disruption' $F Ryan Beene bloomberg.com/news/articles/… via Bloomberg