Keith Naughton

Business, Technology, Equipment, Fuel

Toyota’s CEO Says EV Adoption Will Take Longer Than Expected

Akio Toyoda, president of Toyota Motor Corp., speaks during an event at the Tokyo Motor Show in Tokyo, Japan Akio Toyoda, president of Toyota Motor Corp., speaks during an event at the Tokyo Motor Show in Tokyo, Japan. (Akio Kon/Bloomberg News)

Toyota Motor Corp. plans to keep gas-powered cars as a key part of its lineup, rejecting efforts by rivals to go fully electric amid concerns over how quickly consumers will embrace new technologies.

Keith Naughton | Bloomberg News
September 29, 2022
Business, Technology, Equipment, Fuel

Ford Unveils Big, Gas-Fueled Pickup That’s Funding Its EV Future

Ford David Paul Morris/Bloomberg News

Ford Motor Co.’s redesigned F-Series Super Duty pickup may lack the sex appeal of the Mustang introduced earlier this month, but this hulking warhorse is critical to funding the automaker’s electric future.

Keith Naughton | Bloomberg News
September 28, 2022
Business, Equipment

Ford to Invest $700 Million in Kentucky Plant to Build Big Pickups

Workers at Kentucky's truck plant Workers at Kentucky's truck plant. (Ford Motor Co.)

Ford Motor Co. is investing $700 million at its sprawling truck factory in Louisville, Ky., and adding 500 workers to help build a redesigned version of its largest F-Series pickups.

Keith Naughton | Bloomberg News
September 27, 2022
Business, Technology, Equipment, Autonomous

Ford Breaks Ground on $5.6 Billion Complex for EVs, Batteries

Ford plant site The plot of land near Stanton, Tenn., is going to be home to Ford's newest EV plant. (Houston Cofield/Bloomberg)

Ford Motor Co. has begun construction of its $5.6 billion electric vehicle manufacturing complex in western Tennessee, the largest factory project in the automaker’s 119-year history.

Keith Naughton | Bloomberg News
September 23, 2022
Business, Logistics

CSX Hires Ex-Ford Executive Joseph Hinrichs as CEO

A CSX freight locomotive with an inset of Joseph Hinrichs A CSX freight locomotive with an inset of Joseph Hinrichs. (Luke Sharrett/Bloomberg News)

CSX Corp. named Joseph Hinrichs as its next chief executive officer, handing the reins of the railroad giant to a former top executive with Ford Motor Co.

Keith Naughton | Bloomberg News
September 15, 2022
Business, Fuel

Ford to Cut 3,000 Jobs to Fund Shift Toward EVs

A Ford Mustang Mach-E is charged at a Ford dealership in Colma, Calif. A Ford Mustang Mach-E is charged at a Ford dealership in Colma, Calif. (David Paul Morris/Bloomberg News)

Ford Motor Co. said it’s cutting 3,000 jobs this week in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles.

Keith Naughton | Bloomberg News
August 22, 2022
Business

A Quarter of Americans Say Their Next Car Will Be an EV

Electric Vehicle A ClipperCreek Inc. charging plug on a Chevy Volt EV. (Dania Maxwell/Bloomberg News)

A quarter of Americans surveyed say they will buy an electric vehicle as their next automobile as gasoline prices soar to record levels.

Keith Naughton | Bloomberg News
July 13, 2022
Business, Equipment

Ford Sales Jump in June on Gains for F-Series Pickups

F-150 Lightning Lariat F-150 Lightning Lariat by Ford Motor Co.

Ford Motor Co. sales jumped 31.5% in June thanks to big gains from its top-selling pickup truck line, including the electric F-150 Lightning.

Keith Naughton | Bloomberg News
July 5, 2022
Business, Fuel

Ford Halts Sales of Mustang Mach-E Over Defect

A Ford Mustang Mach-E GT compact sports utility vehicle A Ford Mustang Mach-E GT compact sports utility vehicle. (Michael Nagle/Bloomberg News)

Ford Motor Co. has told dealers to temporarily halt sales of the Mustang Mach-E over a potential safety defect, a setback for the carmaker as it tries to fortify its position as a leader in electric vehicles.

Keith Naughton | Bloomberg News
June 14, 2022
Business, Technology, Autonomous

Ford-Backed Argo Goes Driverless in Miami, Austin

An Argo AI modified Ford Motor Co. Fusion autonomous vehicle An Argo AI-modified Ford Motor Co. Fusion autonomous vehicle. (Mark Kauzlarich/Bloomberg News)

Argo AI, the driverless startup backed by Ford Motor Co. and Volkswagen AG, has started testing self-driving vehicles in Miami and Austin, Texas, without a human behind the wheel.

Keith Naughton | Bloomberg News
May 17, 2022

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