Ford Motor News Updates

BusinessTechnology

Ford Profit Surges on Strong Revenue in Q2

DETROIT — Ford’s second-quarter profit more than tripled to $1.92 billion versus a year ago on strong internal combustion and commercial vehicle sales, but losses grew in the EV business.

July 28, 2023
GovernmentBusinessTechnologyEquipmentTCA

GOP House Leaders Investigate Ford Battery Agreement

WASHINGTON — Republican congressional leaders sent a letter to Ford CEO Jim Farley claiming documents show hundreds of jobs at a planned battery plant will go to employees of a Chinese firm.

July 24, 2023
BusinessEquipment

Ford Cuts Price on F-150 Lightning by Up to 17%

Ford Motor Co. is slashing prices on the electric version of its best-selling F-150 pickup by as much as 17%, reversing price hikes implemented last year on its debut battery-powered truck.

July 17, 2023
BusinessTechnologyEquipmentFuel

Why Ford Chose Tesla for EV Partnership: It’s the Plug

Hours before Tesla Inc. and Ford Motor Co. announced their surprise charging partnership, Ford’s chief executive officer offered his take as to why the U.S. has been so slow to adopt electric vehicles.

May 30, 2023
GovernmentBusinessTechnology

Ford EV Owners to Get Access to Tesla Supercharger Network

DETROIT — All of Ford Motor Co.’s current and future electric vehicles will have access to about 12,000 Tesla Supercharger stations in the U.S. and Canada starting next spring.

May 26, 2023
BusinessTechnologyFuel

Ford Strikes Lithium Deals to Support EV Output

Ford Motor Co. reached a series of deals to buy lithium from projects in Canada to Chile, as automakers rush to secure the materials needed to build electric vehicles.

May 22, 2023
BusinessTechnologyEquipment

Ford CEO Sticks to ‘Crazy High’ EV Goal

Ford Motor Co. CEO Jim Farley is sticking with a goal for the company’s money-losing electric vehicle unit to be churning out 2 million models annually in a few years.

May 19, 2023
BusinessFuelTCA

Michigan Town Rests Economic Hopes on Ford Battery Plant

Advocates for Ford’s $3.5 billion electric vehicle lithium-ion battery plant in Marshall, Mich., say the 2,500 jobs it promises are much needed for the city of less than 7,000.

May 17, 2023
BusinessTechnologyEquipmentFuelTCA

Ford to Transform Ontario Plant Into EV Factory

Ford Motor Co. is investing $1.3 billion to transform its Oakville Assembly Plant in Ontario, Canada, to assemble multiple electric vehicles and battery packs.

April 11, 2023
GovernmentBusinessTechnologyEquipmentFuel

F-150 Lightning Is Ford’s Only EV to Get Full Tax Credit

Ford Motor Co. expects only its F-150 Lightning pickup to qualify for a full tax credit under a new law designed to spur adoption of battery-powered models.

April 6, 2023