Keyword: driverreturnsonfoot
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A mechanical engineer with a zeal for quality, Petersen was only the second person outside the founding Ford family to lead the automaker. Donald Petersen, a former chairman and CEO of Ford Motor Co. whose focus on quality, unbridled product design and a collaborative workplace helped the company recover and prosper during the mid- to late 1980s, has died. He was 97.
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Less than 24 hours after lowering prices of its 2023 Mustang Mach-E models in Canada, Ford Motor Company has followed suit in the US, reducing MSRPs of all trims to adapt to slower EV demand. Lease programs offer additional discounts in the US, making the Mach-E more affordable than ever. Additionally, Ford has added new incentives for the F-150 Lightning. It’s been over four years since Ford first unveiled the Mustang Mach-E – an all-electric crossover SUV that took one of its most celebrated nameplates and adapted it for the EV age (met with a mix of love and hate)....
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Electric vehicles are the future, they said. They’re the quintessential pain in the backside that isn’t worth the money and a resource drainer for the working family. Who am I kidding? These cars aren’t for people like us. It’s for rich, wealthy, woke whites who think they’re doing their part in going green. They’re really setting up their families to freeze to death when the battery dies as temperatures dip. In Canada, one man detailed how these vehicles were the greatest scam of the modern era, given the $130,000-plus investment he sunk into this cockamamie lefty idea. When the EV...
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Ford has said it will postpone $12billion of investment into EVs because its current generation of electric cars is facing a 'challenging market'. The new plan will see construction pause on some of the company's EV factories, including a battery plant in Kentucky, its executives noted during its third quarter earnings call on Thursday. Ford's EV unit, called Ford Model e, lost $1.3 billion on an operating basis in the quarter - roughly double its loss in the same period last year. Shares of the company were down almost 10 percent in the hours after markets opened on Friday. Its...
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Ford repeatedly defended the proposed billion-dollar factory despite its reliance on Chinese company for key technology ... Ford Motor Company announced Monday that it would pause construction of a billion-dollar plant in Michigan involving a Chinese electric vehicle battery company. ... national security experts have blasted the company for teaming up with a Chinese firm with ties to the Chinese Communist Party on such a major investment. The plan had been considered for Virginia, though it never reached a final discussion stage. Republican Gov. Glenn Youngkin opposed the plant over China's potential influence in the plan and argued that "CATL...
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Bolt-on components and conversions are a great way to modify just about any vehicle. They’re virtually all made by aftermarket manufacturers, but Ford has a plan to change that. Ford has patented a bolt-on conversion kit to turn an F-150 into a 6×6 off-roader.
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On Thursday’s broadcast of CNN’s “The Lead,” Ford President and CEO Jim Farley stated that he’s not opposed to giving workers pay increases, “But if it prevents us from investing in this transition to EVs and in future products like the ones we have now like a new F-150,” they won’t do that because they’ll go bankrupt. While discussing the pay raises demanded by the UAW in negotiations and pay raises for CEOs, Farley said that they have offered pay raises and are open to big pay increases, but the 40% that the UAW is asking for is too much...
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DETROIT (AP) — Ford Motor Co. made $1.76 billion last quarter, swinging into the black from a $3.1 billion net loss for the same period a year ago. Most of the profit came from Ford Blue, the company's internal-combustion engine vehicle unit, which made $2.62 billion before taxes during the quarter. Ford Pro, the commercial vehicle unit, added $1.37 billion. But Model e, Ford's electric vehicle unit, lost $722 million before taxes. The Dearborn, Michigan, automaker is seeing its fortunes improve, and reiterated its earlier pretax profit guidance for the full year of $9 billion to $11 billion.
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WASHINGTON, May 2 (Reuters) - Ford Motor Co (F.N) said on Tuesday it is cutting prices on its Mustang Mach-E electric vehicle and reopening orders after a series of price cuts by rival Tesla Inc (TSLA.O), the second time it has reduced prices this year. The No. 2 U.S. automaker said it is also increasing the range for standard-range battery models as it increases production in the second half of the year. Ford said it is cutting most Mach-E prices by $3,000 or $4,000 depending on the version or by as much as 7.8%. The price of the Mach-E Premium...
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Ford Motor Company will make history by importing its next generation Lincoln Nautilus from China — the first time ever to do so. The move comes as backlash mounts against a planned Ford plant in Marshall, Michigan, that involves China’s premier electric vehicle battery supplier. This month, Ford executives announced that the Lincoln Nautilus will be made in China and imported to sell to Americans in the United States. Previously, the SUV was made in Ontario, Canada before being shipped to the U.S. market for sale.
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Conservative commentator Mark Levin blasted the Ford Motor Co. and other automakers for removing the AM radio frequency from their vehicles. Levin labeled the move an assault on conservative talk radio...
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Saw a huge 6.3 million share trade in Ford shares after hours. Wow. Anyone knowledgeable enough to explain that one?
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After Michigan leaders pledged $1 billion in taxpayer subsidies to Ford’s new electric vehicle plant in Marshall, Florida Republican U.S. Sen. Marco Rubio is calling for an investigation into the agreement between Ford and its Chinese partner CATL. Rubio sent a letter to U.S. Secretary of the Treasury Janet Yellen, U.S. Secretary of Energy Jennifer Granholm, and U.S. Secretary of Transportation Pete Buttigieg, calling for an immediate Committee on Foreign Investment in the United States review of the licensing agreement between Ford and CATL. Rubio asked the Biden administration not to support Chinese Communist Party efforts by providing tax credits.....
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Virginia Gov. Glenn Youngkin told Ford to take its plan to build a massive, 2,500-job EV battery plant in the state and shove it, all because Ford’s partner in the project is a Chinese battery manufacturer—the largest such manufacturer in the world.
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(I'm just the poster, not the tester) A YouTuber with 1.4 million followers attempted to tow a 1930 Ford Model A truck with his brand new 2023 Ford F-150 Lightning electric pickup truck, but it ended in “a complete and total disaster.” “If a truck towing 3,500 pounds can’t even go 100 miles — that is ridiculously stupid,” Tyler “Hoovie” Hoover says in his video. “This truck can’t do normal truck things. You would be stopping every hour to recharge, which would take about 45 minutes a pop, and that is absolutely not practical.” “This is my new 2023 Ford...
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Ford Motor Co.’s hot-selling Mustang Mach-E electric SUV and other plug-in models are being rendered unprofitable by rising raw material costs. “We actually had a positive bottom line profit when we launched the Mach-E, commodity costs have wiped that out,” Chief Financial Officer John Lawler said Wednesday at the Deutsche Bank Global Automotive Conference, referring to 2020, when the vehicle went on sale. “You’re going to see pressure on the bottom line when we launch our EVs, they’re not going to be positive.”
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Both Ford and GM are directing their dealers to stop charging so much for autos, according to a new report by the Wall Street Journal. Dealerships have been marking up vehicles over sticker price as a result of a drought of inventory, attributable to supply chain issues and the semiconductor shortage, combined with increased demand. But Ford Chief Executive Jim Farley said this week that dealers who gouge prices will “face consequences” that may include losing supplies of future models. “We have very good knowledge of who they are,” he said on his company’s earnings call, talking about these dealerships....
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When demand is so overwhelming that you have to stop taking pre-orders, that’s usually a good sign – even when you’re battling a supply chain crisis. This was the case with Ford’s new Maverick pickup truck which, priced at $20,000, has attracted so much demand that the automaker has been forced to stop taking orders until 2023. With auto prices skyrocketing over the last 18 months, the Wall Street Journal reports that the demand is a surefire sign that customers are “hungry for more-affordable options” in the auto market. On Monday of this week, dealers were told that Ford is...
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Ford has stopped accepting customer orders for the Maverick because demand for the compact pickup now exceeds Ford’s production capacity. The problem is people keep ordering the Ford Maverick, and the carmaker says it refuses to take on more orders than it can build, according to the Wall Street Journal. To be clear, this is a good problem to have, unlike the problems Ford ran into with recent model debuts. Right now, Ford is struggling to catch up on Maverick orders dating back to the truck’s release, and the carmaker told dealers those orders get first dibs. Some inventory will...
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The Ford Motor Company is moving forward with a COVID-19 vaccine mandate despite a recent walkout of hundreds of employees that took place on Wednesday. Hundreds of Ford workers were joined by workers in other automotive companies, such as General Motors and Chrysler, for the successful walkout protest that occurred at the GM Tech Center in Warren. A clip from the protest can be seen here: Despite the protest, the Ford Motor Company has announced they are continuing with their plans to institute COVID-19 vaccine mandates in order to coerce their employees into submission for the experimental jab. Big League...
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