Keith Naughton

Business

Ford Profit Falls Short of Estimates Despite Rising Car Prices

Ford Profit Falls Short of Estimates Despite Rising Car Prices The all-electric Ford F-150 Lightning truck during an augmented reality presentation at the Motor Bella Auto Show in Pontiac, Mich. (Emily Elconin/Bloomberg)

Ford Motor Co. reported fourth-quarter earnings that missed analysts’ estimates despite a surge in prices for its vehicles, and warned of higher commodity costs in the year ahead.

Keith Naughton | Bloomberg News
February 3, 2022
Business, Technology

Ford Market Value Tops $100 Billion on Surging Electric Vehicles

Ford Market Value Tops $100 Billion on Surging Electric Vehicles The all-electric Ford F-150 Lightning truck. (Emily Elconin/Bloomberg)

Ford Motor Co.’s market value topped $100 billion as investors bet on the 118-year-old automaker’s prospects in the dawning electric age.

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

Auto Sales to Edge Up 3.4% as Shortages Continue

truck on lot A pickup truck sits at a dealership in Illinois in May. (Daniel Acker/Bloomberg News)

U.S. auto sales will climb just 3.4% this year to 15.4 million cars and trucks as the semiconductor shortages continue to constrain vehicle inventory, auto dealers predict.

Keith Naughton | Bloomberg News
January 11, 2022
Business, Technology, Fuel

Ford Doubles Capacity for Electric F-150 as It Opens Orders

Ford Doubles Capacity for Electric F-150 as It Opens Orders Ford sign (Connor Wolf/Transport Topics)

Ford Motor Co. will double factory capacity for its electric F-150 Lightning to 150,000 trucks a year and will start taking orders this week for the model, which goes on sale this spring.

Keith Naughton | Bloomberg News
January 4, 2022
Business, Fuel

Ford Shatters Estimates as Sales Increase, Resuming Dividend

A Ford Motor Co. emblem appears on the grille of a 2014 F-150 pickup truck Ford raised its full-year profit forecast, projecting $10.5 billion to $11.5 billion in earnings before interest and taxes. (Daniel Acker/Bloomberg News)

Ford Motor Co., charging forward with big investments in electric vehicles, reported third-quarter results that beat analysts’ expectations as chip shortages eased and sales grew.

Keith Naughton | Bloomberg News
October 27, 2021
Business, Technology, Fuel

Ford’s Maverick Hybrid Pickup Truck Nearly Sold Out for 2022 Model Year

Ford’s Maverick Hybrid Pickup Truck Nearly Sold Out for 2022 Model Year 2022 Ford Maverick. (Ford Motor Company)

Ford Motor Co.’s new Maverick tiny truck is nearly sold out for the 2022 model year in its standard setup with a gas-electric hybrid propulsion system.

Keith Naughton | Bloomberg News
October 21, 2021
Business, Technology, Fuel

Ford Exits Rivian Board Ahead of Startup’s IPO

Rivian's R1T pickup truck Rivian's R1T pickup truck. (Patrick T. Fallon/Bloomberg News)

Ford Motor Co. has vacated its seat on the board of Rivian Automotive Inc. as the electric truck startup prepares to go public with an expected valuation of $80 billion.

Keith Naughton | Bloomberg News
October 13, 2021
Business, Technology

Worsening Chip Woes to Cost Automakers $210 Billion in Sales

Worsening Chip Woes to Cost Automakers $210 Billion in Sales A wafer is seen at the new 300 mm chip factory plant of Infineon in Austria. (Akos Stiller/Bloomberg)

The cost of the intractable semiconductor shortage has ballooned by more than 90%, pushing the total hit to 2021 revenue for the world’s automakers to $210 billion.

Keith Naughton | Bloomberg News
September 23, 2021
Business, Technology, Fuel

Ford Expands Electric-Truck Factory in Michigan as Demand Surges

Ford Expands Electric-Truck Factory in Michigan as Demand Surges Ford F-150 Lightning electric vehicle. (Al Drago/Bloomberg)

Ford Motor Co. is spending $250 million to expand its new factory producing the battery-powered F-150 Lightning as demand surges for the pickup truck, which goes on sale next year.

Keith Naughton | Bloomberg News
September 16, 2021
Business, Technology, Autonomous

Walmart Teams With Ford, Argo to Launch Driverless Delivery Service

Walmart Teams With Ford, Argo to Launch Driverless Delivery Service The Walmart website is where people can order their groceries for pick up or delivery. (Gabby Jones/Bloomberg News)

Walmart Inc. is teaming up with Ford Motor Co. and self-driving startup Argo AI to launch a driverless delivery service in three U.S. cities.

Keith Naughton | Bloomberg News
September 15, 2021

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