Ford promises more affordable EVs as it loses money on them
In its quarterly earnings call this week, Ford reported significant losses on EVs—but still promised lower-priced models.
DriveNews.co.uk: Your Ultimate Hub for Comprehensive Automotive News and Insights! We bring you the latest reports, stories, and updates from the world of cars, covering everything from vehicle launches to driving tips. Stay with DriveNews.co.uk to stay revved up about the automotive world 24/7
In its quarterly earnings call this week, Ford reported significant losses on EVs—but still promised lower-priced models.
Stellantis describes is annual Drive for Design contest as «an opportunity for high school students to win fabulous prizes while learning about exciting career opportunities in automotive design.» Winners not only get gear like a Wacom MobileStudio Pro 16, they're eligible for summer internships in one of Stellantis' design studios. For the last two years of the contest, Rocco Morales won first prize — last year with his Ram Stadion concept, and in 2022 with his Chrysler Helios concept — and that was after coming second in 2021 with his Jeep Crazy Horse concept. With Morales having graduated, aging out of the entry pool, Rohan Sieber could be the next in the repeat winner's circle. Sieber, a junior in Portola, California, won the 2024 Drive for Design challenge. Students were asked to create a fresh concept for any of Stellantis' global brands. Everyone who made the podium chose to create a fictional Lancia.
GM last week announced details regarding its vehicle-to-home (V2H) system, set to launch with the Chevrolet Silverado EV RST, that will help EV owners back up their home without the help of a storage battery like a Tesla Powerwall or a backup generator.
More US workers will soon be free to leave their employers to work for rivals, thanks to a new federal rule that will block the long-standing practice of locking in workers with noncompete agreements.
DETROIT — General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles, sending shares up 5%.
Although Kia has said the Tasman will be its first global truck, it hasn't confirmed whether or not model will be sold in the United States. Officially, at least for now, it's only coming to South Korea, Australia, the Middle East, and Africa. Interestingly, a new spy video shows the mid-size pickup undergoing testing on US soil. Wearing Michigan plates, a heavily camouflaged prototype has been caught in California.
You're looking at one of the cleanest '90s Ford trucks left. It only gets sweeter when you learn it has a 7.3-liter Power Stroke diesel, a ZF-5 manual transmission, and just 1,600 miles on the odometer. Obviously, it's also a dump truck, and that's why some people are scratching their heads—why spec an F-350 so specifically for work and never use it? That didn't stop someone from bidding $72,050 on it and winning the auction on Wednesday. And while it may seem hard to believe, they actually got a steep discount.
Jerry Seinfeld's upcoming Netflix comedy will be featured during this weekend's IndyCar race at Long Beach as rookie Linus Lundqvist will drive a car painted to look like a Pop-Tart in recognition of the movie “Unfrosted.”