Latest News Updates From Keith Naughton

Business, Fuel

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
Business, Technology, Fuel

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
Business, Technology, Fuel

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
Business, Technology

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
Business, Technology, Fuel

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
Business, Technology, Autonomous

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
Business, Technology, Equipment, Autonomous

Ford, Lyft and Argo Team Up to Deploy Robo-Taxis

Ford Motor Co. and its partner Argo AI will start a self-driving ride-hailing service with Lyft Inc. in Miami and Austin, Texas, later this year. It will be the biggest commercial rollout of robot rides.

July 21, 2021
Business, Technology, Fuel

Ford Acquires Battery-Management Startup to Charge EV Fleets

Ford Motor Co. has acquired a startup that specializes in managing charging networks for commercial electric vehicles, a business the automaker hopes could generate as much as $1 billion in revenue by 2030.

June 17, 2021
Business, Technology, Fuel

Ford CEO Farley Stokes Stock With His $30 Billion Bid in EV Race

Ford Motor Co. CEO Jim Farley made a bold bid for electric supremacy May 26 by boosting his company’s bet on plug-in models by more than a third, to $30 billion, and promising to electrify virtually the entire lineup.

May 26, 2021
Business, Technology, Equipment, Fuel

Ford Pressured to Provide Path to All-Electric Future

Riding a rising stock price, a splashy new model intro and a friendly presidential visit, new Ford Motor Co. CEO Jim Farley faces his biggest test yet: explaining his strategy for making the 118-year-old automaker relevant in the electric age.

May 25, 2021