F-150 Lightning, Mustang Mach-E, and the Skunkworks platform — Dearborn’s electric bet, tracked.
Increased Competition, Lower Costs, and Tax Credits Drive Down Prices Electric vehicles (EVs) are becoming more accessible to a wider range of consumers as prices fall due to increased competition, lower raw material costs, and more efficient manufacturing. Federal tax credits of up to $7,500 for new EVs, combined with state incentives, are pushing prices…
Chancellor Confident in Germany’s Auto Industry Despite Challenges German Chancellor Olaf Scholz has praised Volkswagen AG’s move to develop affordable electric vehicles (EVs) priced from €20,000 ($21,696) as “very good.” Speaking at the East German Economic Forum in Bad Saarow, Scholz expressed his confidence in Germany’s automotive industry, stating that the country aims to remain…
Ford and GM’s leaders disagree on the future role of hybrid vehicles Ford’s CEO, Jim Farley, argues hybrids should be viewed as a viable long-term solution, while GM’s CEO, Mary Barra, considers them a temporary step towards full electrification, according to Reuters. Hybrid Vehicles: The Debate Jim Farley wants the industry to stop seeing hybrids…
Navigating Challenges: How Ford is Addressing Its Electric Vehicle Setbacks and Labor Costs The automotive world was taken aback as Ford Motor Co. faced a 6% drop in its share prices during Friday morning’s trading session. This downturn comes in the wake of the company grappling with increasing losses in its electric vehicle (EV) sector,…
In a year that’s proving pivotal for automakers, Ford has set a new benchmark. The third quarter of 2023 saw Ford clocking its most impressive figures in electric vehicle sales, marking a notable 14% increase from Q3 2022. A Glimpse at the Numbers In the past quarter alone, Ford has successfully sold a whopping 20,962…
The small town of Becancour in Quebec, already dotted with electric vehicle (EV) projects, has caught the eye of another automotive giant. Ford Motor Co., in collaboration with its South Korean partners EcoProBM and SK On Co Ltd, has announced plans to invest C$1.2 billion ($887 million U.S.) in a plant dedicated to producing battery…
The U.S. auto safety watchdog is delving deeper into the recent recall of Ford’s electric vehicle, the Mustang Mach-E. The key concern? Whether Ford’s recall sufficiently tackled the issues at hand. In June 2022, Ford pulled back nearly 49,000 of its Mustang Mach-E electric cars. The core issue? Issues with the high voltage battery main…
In the escalating battle of electric vehicle pricing, Ford Motor has taken a strategic step by reducing the price of its F-150 Lightning trucks, a move aimed at bolstering its presence in the Tesla-dominated EV market. This decision led to a 5% drop in Ford’s shares, while General Motors and EV maker Rivian experienced a…
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