Ford News Updates

The news comes as the EV market is at a standstill amid the Trump administration steering federal support away from electrification in favor of a broader agenda supporting the oil and gas industries.

Ford will issue an over-the-air software update for trailer control modules in the affected vehicles. The glitch affects some F-150 pickups from the 2021 through 2026 model years.

Ford engineered its next-generation EV to be lighter, sleeker and more electrically efficient so that it can go farther on a charge and start at $30,000, some $20,000 cheaper than the average new car.

Ford has a plant in Chihuahua, GM and Stellantis operate five in Coahuila, Nissan has production in Aguascalientes while Guanajuato is home to complexes for GM, Ford, Honda, Mazda, Toyota and VW. 

Ford is planning to launch five new models priced under $40,000 by the end of the decade in a gambit to offer more affordable vehicles as the average cost of new cars tops $50,000 in the U.S.

An unexpected change in tariff provisions cost Ford about $900 million in savings it expected last year, Chief Financial Officer Sherry House told reporters on Feb. 10.

Sharing Ford's facility in Valencia, Spain, could allow Geely to avoid paying European tariffs on imports of made-in-China EVs, and boost output at a plant Ford has underutilized.

Industrial banks allow the companies to accept deposits insured by FDIC into savings accounts, which then can generate earnings and greater savings opportunities for consumers.

Christopher Smith, who has led Ford’s global efforts on legislation, regulation and government policies worldwide since 2022, is expected to depart the automaker, Bloomberg reports.

“We built our entire vehicle business as an industry between Canada, Mexico and the U.S.,” Ford CEO Jim Farley said Jan. 15 in a Bloomberg TV interview. “We have to get this revised.”