Latest News Updates From Keith Naughton

BusinessTechnologyEquipment

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.

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.

April 24, 2024
BusinessTechnologyEquipment

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.

April 18, 2024
BusinessTechnologyEquipment

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.

April 11, 2024
BusinessTechnology

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.

February 14, 2024
BusinessTechnology

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.

January 19, 2024
GovernmentBusiness

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.

January 3, 2024
BusinessTechnology

EV Inventories Hit Record High in US as Cars Pile Up on Lots

Electric vehicle inventories on U.S. dealer lots reached a new high in December, with a 114-day supply that was more than double what it was a year ago.

December 15, 2023
BusinessTechnology

Ford Cuts Electric F-150 Plans in Ominous Sign for EV Market

Ford Motor Co. is cutting 2024 production goals in half for its F-150 Lightning plug-in pickup truck — its signature electric vehicle — due to slowing demand for battery-powered models.

December 12, 2023
BusinessTechnologyEquipment

Ford Pulls Profit Forecast on Strike Impact

Ford Motor Co. said it fell short of third-quarter earnings expectations, citing higher costs and lower quality, a day after it won labor peace through a tentative contract with the UAW.

October 27, 2023

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