Ford announced on Wednesday that it is once again reducing prices on its battery-electric crossover, the Mustang Mach-E, by up to $4,000 USD. This move comes as an electric vehicle (EV) price war appears to be brewing, with the Dearborn automaker responding to aggressive price cuts by EV market leader Tesla. The lowest-priced model, the […]
Ford Motor Company has announced a C$1.8 billion investment to transform its Oakville Assembly Complex into a major electric vehicle (EV) production hub in Canada, as part of the company’s strategy to scale EV production and make them more accessible to consumers. The facility, soon to be called the Oakville Electric Vehicle Complex, will start […]
Ford’s F-150 Lightning Pro electric pickup truck has seen yet another price increase in March 2023, reports Motortrend. This change follows previous price hikes in August, October, and December 2022, moving the Pro model from its original $41,769 price tag to a significantly higher $61,869 USD. This $20,100 increase has shifted the F-150 Lightning Pro […]
Ford Motor Co. has ambitious plans for its next electric F-Series pickup, with driver-assistance features so advanced that drivers might even be able to take a nap while traveling at 60 miles per hour. In Friday’s interview with Bloomberg Television, Ford CEO Jim Farley suggested that drivers could potentially sleep or make calls as their […]
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 […]
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 is extending its delay to F-150 Lightning production, after an issue earlier this month caused one of the electric trucks to catch on fire, according to a statement from the automaker on Friday (via CNBC). The news comes after Ford paused production of the F-150 Lightning last week, saying that the halt would last […]
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 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 announced on Monday it will be investing $3.5 billion to build a lithium iron phosphate (LFP) battery plant in Marshall, Michigan, confirming previous reports last week. The new plant will be called BlueOval Battery Park Michigan. The automaker says production should begin by 2026 and create 2,600 jobs. Ford says it is the first […]
Amidst swirling rumors of job cuts as the company reels from recent losses, Ford’s CEO has made a call to improve efficiency at the company following disappointing earnings. Jim Farley said that Ford requires 25 percent more engineers than other automakers to do the same amount of work, as stated on a SiriusXM radio show […]
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 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. […]
Consumer Reports has rated Ford BlueCruise as its top-rated driver’s assistance system, topping the publication’s last-year pick of GM’s Super Cruise and the Tesla Autopilot system, which has fallen further behind in the rankings over the past few years. The pick also pushed Tesla’s Autopilot toward the middle of the pack, with the outlet saying […]
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 […]
