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Global Macro
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessCONSUMER CYCLICALS: Ford (F Ba1/BBB-/BBB-): Moody’s Opines on EV Strategy
- Ford announced changes to its EV strategy yesterday (details here https://marketnews.com/consumer-cyclicals-ford-f-ba1-bbb-bbb-ev-pivot).
- Moody’s welcomes the clarification of its strategy. It recognises the commercial logic and believes local battery production plans will lower costs.
- Nonetheless, it sees the move as credit negative with cash costs of up to $1.5bn adding to its EV transition spend.
- The move makes sense to us short term and Ford has maintained flexibility in its approach to EVs. Ultimately this decision will be judged on the pace of EV adoption from here, which in turn may hinge heavily on the outcome of the US presidential election.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.