Toyota’s CEO Says EV Adoption Will Take Longer Than Expected
Toyota Motor Corp. plans to keep gas-powered cars as a key part of its lineup, rejecting efforts by rivals to go fully electric amid concerns over how quickly consumers will embrace new technologies.
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.
Ford to Invest $700 Million in Kentucky Plant to Build Big Pickups
Ford Motor Co. is investing $700 million at its sprawling truck factory in Louisville, Ky., and adding 500 workers to help build a redesigned version of its largest F-Series pickups.
Ford Breaks Ground on $5.6 Billion Complex for EVs, Batteries
Ford Motor Co. has begun construction of its $5.6 billion electric vehicle manufacturing complex in western Tennessee, the largest factory project in the automaker’s 119-year history.
CSX Hires Ex-Ford Executive Joseph Hinrichs as CEO
CSX Corp. named Joseph Hinrichs as its next chief executive officer, handing the reins of the railroad giant to a former top executive with Ford Motor Co.
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.
A Quarter of Americans Say Their Next Car Will Be an EV
A quarter of Americans surveyed say they will buy an electric vehicle as their next automobile as gasoline prices soar to record levels.
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.
Ford Halts Sales of Mustang Mach-E Over Defect
Ford Motor Co. has told dealers to temporarily halt sales of the Mustang Mach-E over a potential safety defect, a setback for the carmaker as it tries to fortify its position as a leader in electric vehicles.
Ford-Backed Argo Goes Driverless in Miami, Austin
Argo AI, the driverless startup backed by Ford Motor Co. and Volkswagen AG, has started testing self-driving vehicles in Miami and Austin, Texas, without a human behind the wheel.