Latest News Updates From Keith Naughton

Business

Ford Profit Falls Short of Estimates Despite Rising Car Prices

Ford Motor Co. reported fourth-quarter earnings that missed analysts’ estimates despite a surge in prices for its vehicles, and warned of higher commodity costs in the year ahead.

February 3, 2022
BusinessTechnology

Ford Market Value Tops $100 Billion on Surging Electric Vehicles

Ford Motor Co.’s market value topped $100 billion as investors bet on the 118-year-old automaker’s prospects in the dawning electric age.

January 13, 2022
BusinessEquipment

Auto Sales to Edge Up 3.4% as Shortages Continue

U.S. auto sales will climb just 3.4% this year to 15.4 million cars and trucks as the semiconductor shortages continue to constrain vehicle inventory, auto dealers predict.

January 11, 2022
BusinessTechnologyFuel

Ford Doubles Capacity for Electric F-150 as It Opens Orders

Ford Motor Co. will double factory capacity for its electric F-150 Lightning to 150,000 trucks a year and will start taking orders this week for the model, which goes on sale this spring.

January 4, 2022
BusinessFuel

Ford Shatters Estimates as Sales Increase, Resuming Dividend

Ford Motor Co., charging forward with big investments in electric vehicles, reported third-quarter results that beat analysts’ expectations as chip shortages eased and sales grew.

October 27, 2021
BusinessTechnologyFuel

Ford’s Maverick Hybrid Pickup Truck Nearly Sold Out for 2022 Model Year

Ford Motor Co.’s new Maverick tiny truck is nearly sold out for the 2022 model year in its standard setup with a gas-electric hybrid propulsion system.

October 21, 2021
BusinessTechnologyFuel

Ford Exits Rivian Board Ahead of Startup’s IPO

Ford Motor Co. has vacated its seat on the board of Rivian Automotive Inc. as the electric truck startup prepares to go public with an expected valuation of $80 billion.

October 13, 2021
BusinessTechnology

Worsening Chip Woes to Cost Automakers $210 Billion in Sales

The cost of the intractable semiconductor shortage has ballooned by more than 90%, pushing the total hit to 2021 revenue for the world’s automakers to $210 billion.

September 23, 2021
BusinessTechnologyFuel

Ford Expands Electric-Truck Factory in Michigan as Demand Surges

Ford Motor Co. is spending $250 million to expand its new factory producing the battery-powered F-150 Lightning as demand surges for the pickup truck, which goes on sale next year.

September 16, 2021
BusinessTechnologyAutonomous

Walmart Teams With Ford, Argo to Launch Driverless Delivery Service

Walmart Inc. is teaming up with Ford Motor Co. and self-driving startup Argo AI to launch a driverless delivery service in three U.S. cities.

September 15, 2021