HomeIndustriesFord CEO Unveils New Supercar, Provides EV Update

Ford CEO Unveils New Supercar, Provides EV Update

Ford Motors Co unveiled its Mustang GTD at the Monterey Car Week. The new supercar runs on the most powerful V8 engine developed by Ford to date, with CEO Jim Farley commenting that the time has arrived for the American automaker to release a supercar that can compete with the likes of Aston Martin, Mercedes, and Porsche.

In addition to its “integral link pushrod and rocker arm architecture,” as is common in race cars, the Mustang GTD will house its all-new rear suspension and spring setup in its rear trunk.

Farley also spoke on the company’s electric vehicle efforts, admitting to an ongoing issue with the Model e. “The [Model] e business, the volume is ok. We spent the first half getting ready to triple production in the fourth quarter, but the profitability is really challenged,” he said, admitting that while consumers have expressed fondness for the car, they are unwilling to pay premium prices.

Still, Farley claimed that the company’s fortunes should improve upon ironing out some issues, many of which revolve around getting customers adjusted to EVs. Human issues such as charging the EV as necessary and planning routes accordingly are proving challenging, with the company looking to assist by expanding its EV charging network.

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