Weekend Round-Up: Uber's Japan Expansion, Ford's Production Shift and More
benzinga_article·- Uber plans to invest over $2 billion in Japan over the next five years to launch autonomous ride-hailing operations in 15 cities. - Ford will shift Lincoln production from China to the US by 2030 due to a 52.5% tariff, while North American EV sales fell 27% in July. - Archer Aviation agreed to a $200 million deal with Boeing's Insitu business, and Delta Air Lines investigated an unauthorized Wi-Fi network.Brookstone Capital Management Sells 22,324 Shares of Caterpillar Inc. $CAT
Market Beat·- Brookstone Capital Management reduced its stake in Caterpillar Inc. by 36.8 % during the 2nd quarter, holding 38,296 shares valued at $40,782,000. - Caterpillar reported strong 2nd quarter financial results with revenue of $20.54 billion, marking a 23.7 % increase year over year, and earnings of $8.17 per share. - The company concluded the quarter with a record $72 billion backlog and announced an increased quarterly dividend of $1.63 per share.