Ford Expects $3 Billion in Pretax EV Losses in 2023 [VIDEO]

Ford is expecting to lose $3 billion pretax on its electric vehicle (EV) division this year, according to statements from the company made on Thursday (via Reuters). The projected loss was shared during a mid-morning briefing on Thursday, with investors and analysts looking at Ford’s financial results from a new way of reporting them. Despite […]

Ford F-150 Lightning Battery Fire Cause Revealed by NHTSA

On Tuesday, the National Highway Traffic Safety Administration (NHTSA) shared several documents that shed more light on Ford’s recent F-150 Lightning battery fire issue, as InsideEVs reports. Namely, the documents detail how the fire happened after Ford was forced to issue a recall for 18 of the 2023 model year electric pickup units. The specifics […]

Ford F-150 Lightning Production Halt Caused by Battery Fire

After Ford announced a halt to production on F-150 Lightning units this week due to a mysterious battery issue, new statements from the company provide more details on the problem that caused production to stop. Ford said on Wednesday that its F-150 Lightning production line will be down until the end of next week at […]

Ford Pauses F-150 Lightning Production Due to Possible Battery Problem

Ford is putting a halt on all F-150 Lightning production due to a possible problem with the electric pickup’s battery, according to a statement from the company on Tuesday, speaking with Motor Authority. Spokesperson Emma Bergg didn’t disclose any other details of the battery issue in the statement, though she said the stop-shipment order and […]

Ford Says Electric Vehicle Profits Won’t Come Until 2025

Ford reported a full year of net losses in 2022 with a particularly rough fourth quarter, citing “execution issues,” according to CNBC. Last year, Ford lost $2 billion, representing an almost-$20 billion drop from its 2021 profit. The company fell short of full-year financial forecasts by $1.1 billion, with a Q4 net income of $1.3 […]

Ford Cuts Prices on the Mustang Mach-E, Following Tesla

Ford will cut costs and boost production of the electric Mustang Mach-E, just a few weeks after Tesla’s price cuts shook the electric vehicle (EV) sector (via CNBC). The Mustang Mach-E, considered a competitor to Tesla’s Model Y, saw prices slashed by an average of $4,500 across trims, now ranging from $600 to $5,900 off. […]

Ford Considering Sale of German Plant to China’s BYD, Says Report

Ford may be talking with Chinese automaker BYD about selling its Saarlouis, Germany plant, according to sources familiar with the matter in a report from The Wall Street Journal. Officials at Ford will head to China next week to talk about the potential sale of the German plant, which is currently planning to stop producing […]

Ford Led with the Most Recalls in 2022

Ford issued the most recalls of any automotive manufacturer in 2022, both by the number of recalls and the total volume of cars potentially affected (via Autoblog). The legacy automaker announced a total of 67 recalls over the course of the year. In total, a whopping 8,636,265 vehicles manufactured by Ford were potentially affected — […]

Ford Again Increases Price of F-150 Lightning Electric Truck

Ford Motor has increased the price of its F-150 Lightning Pro electric truck, now from $55,974 USD, a nearly 8% increase. According to a Ford spokesperson in a statement to CNBC, the price hike was related to higher raw material costs for the electric truck. The F-150 Lightning Pro’s starting price increased $4,000 USD for […]