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Ford appears poised to hike prices once its discount ends in June

After Ford’s employee pricing for all discount ends in June, its back to reality for would-be customers.

In a memo to its dealers, the automaker said that — barring any tariff relief — itll need to make vehicle pricing adjustments for vehicles produced in May, set to arrive on lots in June or July.

The move isnt exactly surprising: most experts anticipate that automakers currently freezing prices will raise them once their existing, nontariffed inventories are cleared out. Customers seem to be anticipating the same thing, with new vehicle sales spiking 30% in March from February, according to Cox Automotive data.

On Wednesday, Volkswagen said it’ll hold its US prices steady until June, mirroring Hyundai, while Stellantis and Toyota have said prices wont rise until next month.

The move isnt exactly surprising: most experts anticipate that automakers currently freezing prices will raise them once their existing, nontariffed inventories are cleared out. Customers seem to be anticipating the same thing, with new vehicle sales spiking 30% in March from February, according to Cox Automotive data.

On Wednesday, Volkswagen said it’ll hold its US prices steady until June, mirroring Hyundai, while Stellantis and Toyota have said prices wont rise until next month.

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Ford dips as another large fire breaks out at the New York Novelis aluminum plant

Shares of US auto giant Ford are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.

Local media reported that a four-alarm fire broke out at the Novelis plant, which supplies 40% of the aluminum sheet for the US auto industry, on Thursday morning.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

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Archer Aviation announced its new agreement with Anduril after the market closed on Monday.

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