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The electric vehicle (EV) push is eating into Ford’s profit margins as the company seeks to find the right mix between profitable vehicles consumers want today and the next generation of EVs that may be in higher demand as the market’s preferences shift in the future.
In its quarterly earnings call this week, Ford reported significant losses on EVs—but still promised lower-priced models.
DETROIT — U.S. automakers General Motors and Ford face a challenge in common when they report first-quarter results next week: Explaining to investors where profit growth will come from in the months ahead as EV growth slows.
DETROIT — Ford said on Thursday it will begin shipping to North American dealers 144,000 of its redesigned F-150 and Ranger pickup trucks that it built but held back until now in an effort to head off quality problems.
As much as 2.5 million tons of coal, hundreds of cars made by Ford and General Motors, and lumber and gypsum are threatened with disruption after the container ship Dali slammed into and brought down Baltimore’s Francis Scott Key Bridge in the early hours of Tuesday.
The collapse of the Francis Scott Key Bridge in Baltimore has disrupted shipping at one of the largest ports in the country — and the busiest U.S. port for car shipments. The Port of Baltimore handled at least 847,000 vehicles in 2023.
Ford CEO Jim Farley has revealed that an undisclosed «skunkworks team» has been secretly working on a low-cost electric vehicle platform to rival the likes of Tesla and Chinese manufacturers.
Ford Motor Company will reportedly reduce the production output of the Ford F-150 Lightning by half next year due to changing market demands, says Automotive News.