EV Growth Expected to Slow Further Under Trump
Slowing electric-vehicle adoption is likely to accelerate even further as President-elect Donald Trump delivers on his promise to gut plug-in friendly policies.
Ford to Halt F-150 Lightning Production as EV Demand Wanes
Ford plans to shut down the Michigan factory that produces its F-150 Lightning plug-in pickup truck through the end of the year as demand for EVs continues to wane.
Ford’s Profit Outlook Falls Short as EV Demand Slows
Adjusted earnings before interest and taxes this year will be about $10 billion, down from a previous outlook for as much as $12 billion, the company said Oct. 28.
VW’s Scout Motors Adds New Hybrid Models
Volkswagen AG’s forthcoming Scout line of battery-powered sport utility vehicles and pickup trucks is adding gasoline-fueled internal combustion engines to the mix.
Auto Sales Likely to Pick Up as Rates Fall
Sluggish car sales are expected to pick up later this year once the U.S. presidential election is over and the Fed’s recent reversal on interest rates starts to ease financing costs.
Ford Offers Free EV Chargers in Bid to Boost Sales
Ford Motor Co. is offering free home chargers and installation to buyers of its electric vehicles in a bid to boost sales and overcome range anxiety among mainstream car shoppers.
J.D. Power Cuts 2024 EV Sales Forecast in US by More Than 3%
As mainstream car buyers continue to shun electric vehicles, automotive researcher J.D. Power said Aug. 28 that battery-powered models will account for just 9% of sales in the U.S. this year.
Ford Scraps Electric SUV, Boosts Hybrid Production
Ford Motor Co. is recalibrating its electrification strategy yet again, canceling plans for a fully electric SUV in a shift that may cost the carmaker around $1.9 billion.
Ford Profit Falls Short on Quality Woes, Warranty Costs
Ford Motor Co. posted second-quarter profit that fell short of Wall Street estimates, saying quality problems with new vehicles led to a surge in warranty costs.
Ford F-Series Pickup Sales Fall
Ford Motor Co.’s F-Series pickup truck sales dropped in the second quarter as the automaker slowly rolls out a redesign of its top-selling model to avoid quality problems and recalls.