Latest News Updates From Keith Naughton

BusinessTechnologyEquipmentFuel

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.

September 29, 2022
BusinessTechnologyEquipmentFuel

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.

September 28, 2022
BusinessEquipment

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.

September 27, 2022
BusinessTechnologyEquipmentAutonomous

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.

September 23, 2022
BusinessLogistics

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.

September 15, 2022
BusinessFuel

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.

August 22, 2022
Business

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.

July 13, 2022
BusinessEquipment

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.

July 5, 2022
BusinessFuel

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.

June 14, 2022
BusinessTechnologyAutonomous

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.

May 17, 2022