Business
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Max Knoblauch

Ford says it’ll extend its employee pricing deal one more month and then probably hike prices

Ford’s going to eat its tariff hit for one additional month, extending its employee pricing discount through July 4.

CEO Jim Farley, who announced the news in an interview on CNN, said the company won’t rule out price hikes after the extension.

The announcement is in line with reports from earlier this month that Ford — barring tariff relief — will “make vehicle pricing adjustments” for vehicles produced in May, set to arrive on lots in June or July. Automakers’ tariff pricing strategies appear to have a close relationship to their US inventory levels. Earlier in April, Volkswagen said it has enough US inventory for two months of sales, matching the length of its price freeze.

Competitor pricing moves and the 25% tariffs on auto parts set to go into effect Saturday will be behind any future Ford price hikes. Farley told CNN that the company can’t even buy certain parts in the US and said “parts are critical” to keeping prices affordable for US customers.

Yesterday’s White House tariff relief announcements — which seem to significantly favor Elon Musk’s Tesla — did little to ease investor fears that automakers won’t make it through tariffs without significant damage.

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Texas sues Netflix, accusing streamer of spying on children and collecting user data without consent

The state of Texas filed a lawsuit Monday against streaming giant Netflix, alleging that the company has built a “behavioral-surveillance program of staggering scale.”

The suit alleges that Netflix is “deceptively designed” to be addictive, using features like autoplay to get viewers hooked, “mining those users for data, and then converting that data into lucrative intelligence for global advertising juggernauts.”

“When you watch Netflix, Netflix watches you,” the lawsuit reads.

“This lawsuit lacks merit and is based on inaccurate and distorted information,” Netflix said in a statement to Sherwood News. “Netflix takes our members’ privacy seriously and complies with privacy and data‑protection laws everywhere we operate.”

Texas is seeking civil penalties of “up to $10,000 per violation” of the Texas Deceptive Trade Practices-Consumer Protection Act, along with an additional penalty of up to $250,000 per violation involving a consumer aged 65 or older.

“Netflix is not the ad-free and kid-friendly platform it claims to be. Instead, it has misled consumers while exploiting their private data to make billions,” said Texas Attor­ney Gen­er­al Ken Pax­ton in the press release announcing the lawsuit.

Netflix did not immediately respond to a request for comment.

Attorney General Ken Paxton Sues Netflix for Spying on Texas Kids and Consumers by Illegally Collecting Users’ Data Without Their Knowledge or Consent

Attorney General Ken Paxton Sues Netflix for Spying on Texas Kids and Consumers by Illegally Collecting Users’ Data Without Their Knowledge or Consent

“This lawsuit lacks merit and is based on inaccurate and distorted information,” Netflix said in a statement to Sherwood News. “Netflix takes our members’ privacy seriously and complies with privacy and data‑protection laws everywhere we operate.”

Texas is seeking civil penalties of “up to $10,000 per violation” of the Texas Deceptive Trade Practices-Consumer Protection Act, along with an additional penalty of up to $250,000 per violation involving a consumer aged 65 or older.

“Netflix is not the ad-free and kid-friendly platform it claims to be. Instead, it has misled consumers while exploiting their private data to make billions,” said Texas Attor­ney Gen­er­al Ken Pax­ton in the press release announcing the lawsuit.

Netflix did not immediately respond to a request for comment.

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