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China Tech Crackdown Cycle Nearing an End, Top Fund Manager Says

Panorama of a city business district with office buildings and skyscrapers and superimposed data, charts and diagrams related to stock market, currency exchange and global finance. Blue line graphs with numbers and exchange rates, candlestick charts and financial figures fill the image with a glowing light. Sunset light.

Reuters

Behold the new entry-level Ford vehicle – it’s a truck

Ford Motor Co on Thursday confirmed it will introduce a compact pickup truck called Maverick next week, augmenting its entry-level vehicle offerings more than three years after it said it would largely abandon the U.S. sedan market. While Ford said it will provide more details about the truck on June 8, executives have talked about the “white-space” vehicle that will move the U.S. automaker into a new segment, and people familiar with the plans said the Maverick’s starting price will be below $20,000. The four-door small pickup will be built, starting in July, at the company’s Hermosillo, Mexico, plant with plans to eventually build more than 120,000 annually, according to AutoForecast Solutions.

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