A Tesla Cybertruck and GMC Sierra Denali EV First Edition next to one another. Michael Wayland / CNBC DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase…
00:09 Josh Consumers rushed to get their hands on electric vehicles before the expiration of the EV tax credit. Automakers Ford and GM getting a boost, seeing records for EV sales in the third quarter. But now, that tax credit is in their rear view mirror and we’re looking at the road ahead for the…
(Bloomberg) — Ford Motor Co. unveiled plans for a new line of budget electric vehicles in a $5 billion bid to achieve the mass appeal that has so far eluded its money-losing EV business. The automaker’s new “universal EV platform” represents its first battery-powered models fully designed from the ground up, after early efforts such as the F-150…
Ford is investing $5 billion to change the way it makes electric vehicles, a move the automaker says will allow it to manufacture models starting at $30,000 — far less than the current average price for an EV. The Dearborn, Michigan-based company on Monday said it will invest $2 billion to modernize its Louisville Assembly…
By Nora Eckert DETROIT (Reuters) -Ford plans to start rolling out its new family of affordable electric vehicles in 2027, including a midsize pickup truck with a target starting price of $30,000, the company said on Monday, as it aspires to the cost efficiency of Chinese rivals. The new midsize four-door pickup will be assembled…
Read the full story on The Auto Wire Ford CEO Jim Farley Yet Again Praises Chinese Automakers Ford CEO Jim Farley has once again praised Chinese automakers, in particular how they manufacture EVs. One has to seriously wonder why the guy is in his position and not working for Geely or Great Wall if he…
DEARBORN, Mich. (AP) — A select few are getting the chance to set their gaze on a slew of rarely seen Ford vehicles at the automaker’s Michigan headquarters. About 50 cars and trucks that are part of Ford Motor Co.’s Heritage Fleet are on display in Dearborn. Some employees checked them out Tuesday, and the…
Photo: BING-JHEN HONG (Getty Images) The escalating chip war between the U.S. and China, compounded by a series of retaliatory tariffs, is poised to have far-reaching consequences for the global AI industry. Major AI stocks in the U.S., including Nvidia (NVDA), Super Micro Computer (SMCI), and Advanced Micro Devices (AMD), continued to climb Wednesday. However,…