Business, Fuel

J.D. Power Cuts 2024 EV Sales Forecast in US by More Than 3%

As mainstream car buyers continue to shun electric vehicles, automotive researcher J.D. Power said Aug. 28 that battery-powered models will account for just 9% of sales in the U.S. this year.

Keith Naughton | Bloomberg News
August 28, 2024
Business, Technology, Fuel

Ford Scraps Electric SUV, Boosts Hybrid Production

Ford Motor Co. is recalibrating its electrification strategy yet again, canceling plans for a fully electric SUV in a shift that may cost the carmaker around $1.9 billion.

Keith Naughton | Bloomberg News
August 21, 2024
Business, Equipment

Ford Profit Falls Short on Quality Woes, Warranty Costs

Ford Motor Co. posted second-quarter profit that fell short of Wall Street estimates, saying quality problems with new vehicles led to a surge in warranty costs.

Keith Naughton | Bloomberg News
July 24, 2024
Business, Technology, Equipment

Ford F-Series Pickup Sales Fall

Ford Motor Co.’s F-Series pickup truck sales dropped in the second quarter as the automaker slowly rolls out a redesign of its top-selling model to avoid quality problems and recalls.

Keith Naughton | Bloomberg News
July 3, 2024
Business

Ford Beats Sales Estimates on Strong Demand for Work Trucks

Ford Motor Co., rapidly retooling its electric vehicle strategy in a decelerating market for plug-ins, posted first-quarter results that beat expectations on strong sales of work trucks.

Keith Naughton | Bloomberg News
April 24, 2024
Business, Technology, Equipment

Ford’s Commercial Business Is Defying the EV Slump

Demand from fleet-based vehicle operators is a lone bright spot for the EV industry as global sales sputter.

Keith Naughton | Bloomberg News
April 18, 2024
Business, Technology, Equipment

Ford Cuts Price of F-150 Lightning Pickup

Ford slashed prices of its electric F-150 Lightning pickup truck by as much as 7.5% as the automaker prepares to resume deliveries this month following a halt this year over a quality issue.

Keith Naughton | Bloomberg News
April 11, 2024
Business, Technology

Ford Sees ‘Colossal’ Competitive Threat in Chinese EVs

Ford Motor Co. sees low-cost Chinese electric vehicles as a “colossal strategic threat” that will arrive on U.S. shores, as automakers already confront shaky consumer demand for EVs.

Keith Naughton | Bloomberg News
February 14, 2024
Business, Technology

Ford Cuts Workforce Making Electric F-150s on Weak Demand

Ford Motor Co. said that it would reduce the number of workers making its F-150 Lightning truck as demand for electric vehicles continues to weaken.

Keith Naughton | Bloomberg News
January 19, 2024
Government, Business

Carmakers End 2023 With High Rates, Prices Affecting Sales

U.S. auto sales softened at the end of last year as higher financing costs and near-record prices took their toll on would-be buyers.

Keith Naughton | Bloomberg News
January 3, 2024