As automakers brace for new tariffs on imports from Mexico and Canada, Ford’s CEO Jim Farley is warning the extra costs would be “devastating.” Farley said the additional tariffs, which could go into effect as soon as March 1, would be a “blow a hole” in the US auto industry.
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After announcing its electric vehicle business lost over $5 billion in 2024, Ford could face even more headwinds this year. Despite the threat of new tariffs and fewer government incentives, CEO Jim Farley stressed Ford is still “really confident” in its EV strategy. Farley said that Chinese EV makers are becoming a major global force, and even with tariffs, Ford needs to beat them “straight up in a street fight.” This is the electric car he was referring to.
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Ford (NYSE: F) released its fourth-quarter earnings report after the market closed on Wednesday, beating top and bottom line forecasts. Although its Model e electric vehicle business lost another $5.1 billion last year, CEO Jim Farley promises, “Ford is becoming a fundamentally stronger company.” Here’s a breakdown of Ford’s Q4 2024 earnings.
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Several automakers, including Honda, Hyundai, Ford, and Kia, reported higher EV sales in the US in January. Here’s a look at some of the top-selling EV models (outside of Tesla) last month.
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Ford’s F-150 Lightning is losing ground in the US with new electric pickups like the Tesla Cybertruck and Chevy Silverado EV now available. Although Ford plans to launch smaller, more affordable EVs, including an SUV and pickup, they won’t arrive for (at least) another two years. With new threats, including a wave of lower-cost EVs and Trump threatening to impose tariffs on imports from Mexico, will Ford’s aging lineup set it further behind?
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This electric crossover isn’t just for show. It’s fitted for the race track. Ford’s new Mustang Mach-E EV prototype is upgraded with three electric motors and borrows parts from its current NASCAR Cup Series. Check out the new EV below.
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Last week’s inauguration of President Trump stole the headlines, but it wasn’t the only big election news — a supermajority of workers at BlueOval SK voted to file a petition last week with the National Labor Relations Board to unite with the UAW.
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UK EV startup Charge Cars has announced a fresh breath of life into its bespoke electric muscle car business. The company has announced new ownership, which intends to continue and expedite the development of its flagship model, the ’67, based on a classic Ford Mustang.
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Rivian (RIVN) had the best-selling electric van in the US last year, topping Ford for the title. The electric delivery van (EDV) is rolling out across the US through its partnership with Amazon, but Rivian is expanding with new customers.
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Who said Ford’s electric crossover SUV wasn’t a real Mustang? The Mach-E outsold the gas-powered Ford Mustang for the first time last year as one of the top-selling EVs in the US.
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After its best EV sales quarter ever in the fourth quarter, Ford is extending its “Power Promise” program, which includes a free home charger. Ford looks to keep the momentum going this year after the F-150 Lightning and Mustang Mach-E set new sales records in 2024.
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The Top Gear TV show might be over, but its tamed racing driver – a masked, anonymous hot shoe known only as “the Stig” – lives on … and his latest adventure involves pitching the 1,400 hp electric Ford SuperVan demonstration vehicle around the famed Top Gear test track. Sideways.
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Ford, General Motors, and Toyota North America are donating $1 million each to incoming president Donald Trump’s upcoming inauguration. Ford and GM are throwing in a fleet of vehicles for the January 20th event, too, for good measure.
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In a significant boost for the US EV industry, Ford’s joint venture, BlueOval SK, has closed a $9.63 billion loan from the Department of Energy’s (DOE) Loans Programs Office.
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Ford is struggling to stay afloat in Europe. The company is restructuring its business overseas with plans to drastically reduce its workforce. With slowing orders and weak demand for its EVs, many doubt Ford’s future in the region. A new survey underlines “how strong the doubts about Ford’s future viability in the European car market” are.
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After losing ground in China and Europe, Ford looks to expand in a market full of untapped potential for electric vehicles – Indonesia. The automaker is investing in an EV plant in Indonesia – the world’s largest producer of nickel – setting up shop close to its $4.5 billion nickel processing project.
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On today’s episode of Quick Charge, explaining EV charging to your in-laws is about to get a whole lot easier thanks to a new universal charging standard and universal plug & charge to streamline payment processing coming in 2025.
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Although Ford set a new monthly EV sales record in November, demand for the electric F-150 Lightning pickup continued falling. Luckily, higher Mustang Mach-E and E-Transit sales carried the weight.
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Ford’s best-selling vehicle in Europe just got a major upgrade with an all-electric powertrain, a sporty new design, and more space than ever. The electric Ford Puma Gen-E is finally here. Here’s what you need to know about Ford’s newest EV.
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With plans to drastically downsize its workforce, Ford’s future in Germany looks bleak. According to Germany’s largest trade union, Ford’s new job cuts “would mean an incremental death” to its future in Cologne.
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Ford is slashing another 4,000 jobs in Europe as it struggles to keep pace with the market’s shift to electric vehicles (EVs). The American automaker said a “highly disruptive” EV market and new competition are causing significant losses in the region. Ford’s announcement comes as China’s leading EV maker, BYD, is quickly catching up in global deliveries.
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To close out the year strong, Ford is offering more ways to save on its electric vehicles. Ford introduced a new year-end sales event with significant discounts on its top-selling EV models, the F-150 Lightning and Mustang Mach-E. Here’s how you can score some savings.
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Ford says a “rapidly deteriorating” EV market is to blame as it plans to slow the output of more electric models. Starting next week, employees at Ford’s Cologne EV plant in Germany will be put on short-term work hours.
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China’s powerhouse BYD looks to soon outperform Ford in terms of annual shipments this year, which would be a major milestone for the company, placing it firmly in the ranks as a top 10 automaker globally, Bloomberg reports.
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