Latest News Updates From Keith Naughton

GovernmentBusinessTechnology

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.

November 7, 2024
BusinessTechnology

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.

October 31, 2024
BusinessTechnologyEquipmentFuel

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.

October 28, 2024
BusinessTechnologyEquipment

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.

October 25, 2024
GovernmentBusinessEquipment

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.

October 1, 2024
BusinessTechnology

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.

September 30, 2024
BusinessFuel

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.

August 28, 2024
BusinessTechnologyFuel

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.

August 21, 2024
BusinessEquipment

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.

July 24, 2024
BusinessTechnologyEquipment

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.

July 3, 2024