Ford working on cut-price electric car
Ford has confirmed it is working on a new low-cost electric-vehicle platform to underpin a range of affordable city cars and SUVs to take on rapidly emerging rivals from China – and Tesla.
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Ford ‘Skunkworks’ Is Designing a Low-Cost, Dedicated EV Platform
As Ford Motor Company pulls back from the electric-vehicle business for the short term, a small team of engineers have been developing a dedicated low-cost EV platform to make new models profitable within the first 12 months on the market, CEO Jim Farley told Wall Street analysts in the company’s 2023 and fourth-quarter earnings report Tuesday. “We developed a super-talented skunkworks team to create a low-cost EV platform. It was a small group, small team, some of the best EV engineers in the world and it was separate from the Ford mothership. “It was a startup. And they developed a flexible platform that will not only deploy to several types of vehicles, it will be a large install base for software and services that we’re now seeing at Pro.” Ford will spend less capital on larger EVs like the current F-150 Lightning and have a “small number” of them focusing on “geographies and product segments where we have a dominant advantage, like trucks a
Ford reveals plans for small, cheap EVs to take on Tesla and China
Ford Motor Co. is working on inexpensive, small electric vehicles to stem its electric vehicle losses and take on Tesla and Chinese automakers.
Ford CEO: Hybrids will play “increasingly important role” alongside EVs
Ford on Tuesday, amid an emphasis that it aims to pivot toward more affordable EVs, suggested that hybrids will remain an important and growing part of its vehicle lineup for many years.
Ford beats expectations, sees more profit growth ahead
Ford Motor Co., buffeted by electric vehicle losses and rising labor costs, posted fourth quarter results that soundly beat expectations and forecast higher profits in 2024.
Ford hybrid sales jump in January as EVs slide
Ford Motor Co.'s electric vehicle sales slumped last month as consumer demand for EVs continued to wane, but the automaker still saw higher total vehicle sales, thanks in part to a surge in its hybrid models.
Ford Mustang GT3 Is a Development Test Bed for the Upcoming GTD
When Ford CEO Jim Farley decided to build a road version of the Mustang GT3 race car, he didn't chat about it to the public. Instead, he formed a skunkworks team in closed-door meetings so secretive that they included non-disclosure agreements for everyone involved. As the idea for the Mustang GTD started to take shape, the secret meetings progressed to an unmarked aluminum shed while Mustang Dark Horse chassis were being quietly brought to Multimatic, the manufacturing goliath in charge of both GT3 and GTD efforts.
Ford Isn’t Interested in Racing EcoBoost Mustangs—Only V8s
Ford has talked a lot about V8s lately. The automaker's CEO Jim Farley recently said he's alright with being the «only one» on the planet selling an affordable V8 sports car, and judging by Dodge and Chevy's recent moves, he just might get his wish. In that same schpiel, Farley said the V8 is what enables the Mustang to race on nearly every continent across the world on any given weekend. But would Ford race a Mustang that isn't a V8?