Ford Motor Co. beat Q1 profit estimates on higher pricing and increased volumes, but left its full-year outlook unchanged over concern about pricing power and economic uncertainty.
May 3, 2023Latest News Updates From Keith Naughton
Ford: Tennessee EV Plant Could Make 500,000 Trucks a Year
Ford Motor Co. projects its electric F-Series pickup factory under construction in Tennessee will ultimately produce half a million trucks a year, about 40% more than the company forecast in November.
March 24, 2023Ford Extends Shutdown of Electric F-150 Plant
Ford Motor Co. is extending the shutdown of its F-150 Lightning pickup plant for a fourth week as it works to resolve a problem that caused a battery fire in one of the electric trucks.
February 24, 2023Toyota’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, 2022Ford 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, 2022Ford 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, 2022Ford 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, 2022CSX 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, 2022Ford 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, 2022Trending
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