Ford Motor has written off $20 billion in electric vehicle investments but says it is forging ahead with an electric pickup that will sell for $30,000 next year.
Category: Ford Motor Co
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Ford Says an Affordable Electric Pickup Truck is Still Coming Next Year
The New York Times – Business: -
Ford Reports Higher Profit Thanks Partly to Tariff Refund
The New York Times – Business:Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
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Pentagon Seeks Help From Ford and G.M.
The New York Times – Business:Concerned about the slow pace and high cost of weapons production, Pentagon officials have begun talks with General Motors and Ford Motor about producing certain parts.
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Ford Says Doug Field, Who Led Company’s E.V. Push, is Leaving
The New York Times – Business:Doug Field, a former Tesla and Apple executive, had returned to Ford Motor in 2021 to help develop new electric models and software.
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Ford and G.M. Face a Dilemma as China Excels in Electric Vehicles
The New York Times – Business:General Motors, Ford and other established automakers risk becoming relics if they don’t catch up to Chinese carmakers and technology companies in electric vehicles and self-driving cars.
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Laid-Off Battery Plant Workers Pin Blame on Ford, not Trump, for Lost Jobs
The New York Times – Business:Ford Motor shut down a battery factory and laid off 1,600 workers after President Trump and Republicans gutted government support for electric vehicles.
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Ford Will Make a Play for a Different Battery Market
The New York Times – Business:The company, long focused on cars and trucks, plans to begin manufacturing large batteries used by utilities, data centers, other businesses and homeowners.
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Tesla’s Model S, Soon to Be History, Changed the Auto Industry
The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
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U.S. Automakers’ Foreign Troubles Now Extend to Canada
U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.
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Volkswagen Suffers More Than Rivals From Auto Industry Woes
The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.
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G.M. Books a $7.1 Billion Loss as It Scales Back E.V. Ambitions
General Motors said it was writing down the value of battery and electric vehicle factories after changes in federal policy undercut demand.
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New Car Sales Are Rising Thanks to Purchases by the Well-Off
A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said.