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 […]
Ford says it will reduce its reliance on Volkswagen for its next electric vehicle (EV) platform in Europe, according to a report from Financial Times. The Volkswagen Modular Electric Drive matrix (MEB) platform for building EVs has been used by Ford on its Mustang Mach-E and the F-150 Lightning, though the company may now be […]
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 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 […]
Ford launched its electric F-150 Lightning earlier this year, and the vehicle has already earned its first award in the truck sector. Motortrend has named the Ford F-150 Lightning its 2023 Truck of the Year, calling it “the first electric pickup to appeal directly to the existing truck market.” Ford delivered its first F-150 Lightning […]
Around two-thirds of the Ford dealership network has registered for the automaker’s electric vehicle (EV) certification program, according to recent statements from the company’s head. Ford CEO Jim Farley said that 1,920 of the automaker’s dealerships have opted into the company’s upgraded EV programs, as stated at the Automotive News Congress event on Monday, out […]
Legacy automaker Ford has reached an important production milestone this week, showing that the company has been able to produce a sizable number of Mustang Mach-E units since it was introduced in 2020. Ford CEO @Jim Farley announced on Wednesday that the automaker produced its 150,000th Mustang Mach-E, ahead of the company’s plans to expand […]
After Ford announced mandatory upgrades to dealerships that want to sell electric vehicles (EVs), and now the company is pushing back its deadline for dealers to decide on the investment. Ford is delaying the deadline for dealers to decide whether to add charging hardware and more at dealerships by about a month, as detailed in […]
During the third quarter, Ford shifted away from capital spending on Level 4 advanced driver assistance systems that were in development by Argo AI, instead choosing to focus on its own internally made Level 2 and 3 technology. The news, as detailed in a press release from Ford and on CEO Jim Farley’s Twitter, also meant […]
The top Lincoln dealerships will need to invest more money up front if they want to sell electric vehicles, says Ford. Ford said Lincoln dealerships hoping to sell electric vehicles (EVs) are facing an extra $900,000 bill, largely dedicated toward installing chargers (via Automotive News). The company is requiring Lincoln dealerships to invest around four […]
Ford says it is increasing the price of its electric Ford F-150 Lightning Pro by nearly 11%, set to apply for the 2023 model year. According to a Ford spokesperson speaking with Reuters, the price hikes come as the automaker grapples with supply chain issues and inflation, specifically blaming “”ongoing supply chain constraints, rising material […]
