Ford Just Reported a Massive Loss on Every Electric Vehicle it Sold

Ford Just Reported a Massive Loss on Every Electric Vehicle it Sold

Ford’s foray into the electric vehicle market has hit a stumbling block, with the company’s electric vehicle unit reporting staggering losses in the first quarter, underscoring the challenges facing traditional automakers in the transition to electric mobility. In a concerning financial disclosure, Ford revealed that its electric vehicle unit, known as Model e, incurred losses…

U.S. Safety Regulators Launch Probe into Ford Driver Assist Features Following Fatal Crash

U.S. Safety Regulators Launch Probe into Ford Driver Assist Features Following Fatal Crash

The National Highway Traffic Safety Administration (NHTSA) announced on Monday the commencement of an investigation into a recent fatal crash involving a Ford Mustang Mach-E in San Antonio, Texas. Authorities suspect that an advanced driver assistance system may have been engaged at the time of the incident. While driver assistance features are touted by automakers…

Ford Temporarily Lays Off 700 Workers at F-150 Lightning Plant

Ford Temporarily Lays Off 700 Workers at F-150 Lightning Plant

In a surprising development, Ford is temporarily laying off approximately 700 workers responsible for assembling the F-150 Lightning, the electric variant of its highly popular pickup truck. Unlike some recent layoffs tied to the ongoing strike by the United Auto Workers (UAW) union, this workforce reduction is unrelated to labour disputes. The layoffs will occur…

Ford Recalls More Than 230,000 Explorers for Rollaway Risk

Ford Recalls More Than 230,000 Explorers for Rollaway Risk

Ford has issued a recall for specific models of the 2020-2022 Explorer due to concerns related to a potential rollaway risk when the parking brake is not engaged. According to the National Highway Traffic Safety Administration (NHTSA), this recall affects a total of 238,364 vehicles. The NHTSA has pointed out that a “disconnected driveshaft” could…

Ford’s EV Losses Climb But Overall Profits Rise

Ford’s EV Losses Climb But Overall Profits Rise

Ford Motor Company reported its second-quarter earnings, revealing that while its electric vehicle (EV) business is experiencing increasing losses, the company managed to exceed Wall Street expectations due to profits from its traditional internal combustion engine (ICE) vehicles. Despite facing losses in its EV segment, Ford’s overall performance beat analysts’ forecasts, with the company earning…

Ford to Lay Off Workers as it Focuses on Electric Vehicles

Ford to Lay Off Workers as it Focuses on Electric Vehicles

Ford is anticipating layoffs of engineers and other employees in North America as it transitions towards producing more electric vehicles, aligning with its Ford+ growth plan introduced in 2021. The specific number of employees affected has not been confirmed by the company. The decision to adjust staffing aligns with Ford’s strategy to prioritize focused goals,…

Owners of 143,000 Lincoln SUVs Warned to Park Outside Due to Fire Risk
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Owners of 143,000 Lincoln SUVs Warned to Park Outside Due to Fire Risk

Ford, along with the National Highway Traffic Safety Administration (NHTSA), is issuing a warning to owners of approximately 143,000 Lincoln MKC compact SUVs. These owners are advised to park their vehicles outside and away from buildings and other vehicles due to a potential fire risk, even when the vehicles are not running. The issue arises…

Ford’s EV Charging Deal With Tesla Puts Pressure on GM, Other Rival Automakers
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Ford’s EV Charging Deal With Tesla Puts Pressure on GM, Other Rival Automakers

In a surprising development, Ford Motor and Tesla have entered into a deal concerning electric vehicle (EV) charging technology and infrastructure. This collaboration has the potential to create new challenges for other automakers in their EV strategies. The agreement will grant Ford owners access to over 12,000 Tesla Superchargers across the United States and Canada,…

Ford Partners With Tesla to Give Customers Access to EV Superchargers
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Ford Partners With Tesla to Give Customers Access to EV Superchargers

Ford electric vehicle owners in the United States will soon have access to Tesla’s extensive EV charging network, as announced by the CEOs of both companies, Jim Farley of Ford and Elon Musk of Tesla. Starting from next year, Ford EV owners can utilize Tesla’s 12,000 Supercharger stations through the Ford mobile app. The partnership…

Ford Won’t Drop Apple CarPlay, Android Auto In Its Vehicles

Ford Won’t Drop Apple CarPlay, Android Auto In Its Vehicles

In today’s age of mobile technology, almost every brand-new vehicle you can buy in showrooms comes with Apple CarPlay and Android Auto connectivity. It’s the current gold standard, and Ford intends to keep it that way – at least for its vehicles – in the years to come. In an interview with the Wall Street…