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...
Ford Beats Q2 Profit Estimates Amid EV Unit Slump
Ford stock rose on Friday morning after the Detroit-based automaker released stronger-than-expected earnings results for the second quarter. The company raised its full-year profit outlook as a result.
Top-line revenue for Q2 was $45 billion, outpacing an expected $40.17 billion and improving 12% from the $37.91...
Ford Slashes Prices of F-150 Lightning EV By Almost $10K
Ford is making its F-150 Lightning electric vehicle substantially affordable for new customers. The company announced price slashes for the truck that saw some models getting cheaper by almost $10,000.
The F-150 Lightning Pro EV saw its original price of $59,974 drop to $49,995, while...
Ford CEO Expresses Concern Over EV Price Cuts
Ford CEO Jim Farley expressed concern on Wednesday over recent price cuts in the electric vehicle market; a trend that pushed the Michigan-based auto manufacturer to decrease the price of its Mustang Mach-E in response.
After cutting the Mach-E price by 8%, Farley expressed an...
Ford to Recommence F-150 Lightning Production Next Week
Ford Motor Co announced on Friday that it is set to resume the production of its F-150 Lightning vehicles on Monday. The company halted production after 18 electric trucks were recalled due to a battery cell manufacturing defect.
The automaker stated it is set to...
Ford to Lay Off 3,000 Workers Amid EV Transition
Ford’s increased focus on electric vehicles is already leaving its mark on the company's workforce. The Detroit automaker just confirmed that it would lay off 3,000 workers, including those working white-collar jobs and those on contract with outside agencies. The move is prompted by...