Ford News Updates

GovernmentBusinessTechnology

Ford Is Investing $3.5 Billion in EV Battery Plant With China’s CATL

Ford Motor Co. is investing $3.5 billion in an electric vehicle battery plant in southwest Michigan that it will operate with technology and support from a Chinese battery maker that has stirred political controversy.

February 13, 2023
GovernmentBusinessTechnologyEquipment

Ford, China’s CATL Mull Workaround for New US Battery Plant

Ford Motor Co. and China’s Contemporary Amperex Technology Co. Ltd. are considering building a battery manufacturing plant in Michigan in a complex arrangement designed to reap new tax benefits.

December 15, 2022
BusinessTechnologyAutonomous

Ford Cuts Investment in Autonomous Vehicle Unit Argo

Ford is pulling out of its investment in Argo AI, an autonomous vehicle company that it jointly owns, mainly with Volkswagen.

October 26, 2022
BusinessTechnologyEquipment

Ford Climbs on Surging Demand for F-150 Lightning, Other EVs

Ford Motor Co. rose more than 7% after the carmaker’s latest quarterly sales results showed growing demand for its lineup of electric vehicles, including its flagship F-150 Lightning plug-in pickup.

October 4, 2022
BusinessTechnologyEquipmentFuel

Ford Unveils Big, Gas-Fueled Pickup That’s Funding Its EV Future

Ford Motor Co.’s redesigned F-Series Super Duty pickup may lack the sex appeal of the Mustang introduced earlier this month, but this hulking warhorse is critical to funding the automaker’s electric future.

September 28, 2022
BusinessFuel

Ford to Cut 3,000 Jobs to Fund Shift Toward EVs

Ford Motor Co. said it’s cutting 3,000 jobs this week in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles.

August 22, 2022
BusinessEquipment

Ford Wants Cops to Go Electric by Buying Its New F-150 Pickup Truck

Ford Motor Co. is unveiling its first version of an all-electric pickup truck police cruiser.

July 28, 2022
BusinessFuel

Ford Secures Batteries to Build 600,000 EVs a Year by 2023

Ford Motor Co. has secured enough battery supply to build more than half a million electric vehicles annually by late next year, a quantum leap above the 27,140 battery-powered cars it sold in the U.S. last year.

July 21, 2022
BusinessFuel

Ford Plans to Cut up to 8,000 Jobs to Help Fund EV Investment

Ford Motor Co. is preparing to cut as many as 8,000 jobs in the coming weeks as the automaker tries to boost profits to fund its push into the electric vehicle market, according to people familiar with the plan.

July 20, 2022
BusinessEquipment

Ford Sales Jump in June on Gains for F-Series Pickups

Ford Motor Co. sales jumped 31.5% in June thanks to big gains from its top-selling pickup truck line, including the electric F-150 Lightning.

July 5, 2022