Ford Motor Company reported a whopping $132,000 loss on each electric vehicle (EV) sold during the first three months of 2024, amassing a $1.3 billion loss. The auto manufacturer’s electric vehicle unit revealed Thursday that […]
New YorkCNN — Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping […]
Ford Motor Corporation announced Thursday that it would be delaying the production of new electric vehicle (EV) models as domestic demand for electric cars falters, despite heavy federal investment. Ford joined General Motors and Mercedes-Benz in reeling in its […]
Ford’s shake-up of its electric vehicle plans didn’t end after it delayed its battery production goals and cut investments in its Model e division last year. Reports out of Dearborn, Michigan, now suggest that from next […]
KEY POINTS Automakers from Ford Motor and General Motors to Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin are scaling back or delaying their electric vehicle plans. Though consumer demand for EVs hasn’t shown up […]
When Michael Puglia first bought his Ford F-150 Lightning in July, he loved it. “It’s unbelievably fast and responsive,” Puglia told reporters. “The technology is amazing.” But as summer turned to fall and then to winter, Puglia changed his tune. He […]
Daily Standup Top Stories Even the World’s Biggest Electric-Vehicle Market Is Slowing February 18, 2024 Stu Turley HONG KONG—Chinese electric-vehicle makers that enjoyed years of explosive growth now face a slowdown in domestic demand, spurring them to push […]
Daily Standup Top Stories Russia to triple LNG exports by 2030 – deputy PM February 21, 2024 Mariel Alumit The country now ranks fourth in the world in terms of liquefied natural gas sales, according to […]
Ford Motor Co. slashed the cost of its electric 2023 Mustang Mach-E on Tuesday to be more competitive with Tesla and get the award-winning SUV into the hands of budget-conscious buyers. Prices are being reduced $3,100 to […]
Daily Standup Top Stories Shocking development: Biden plans to roll back rule designed to juice EV push on country February 19, 2024 Mariel Alumit The Biden administration is planning to slow down the rollout of a rule that was designed […]
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