Ford is recalling more than 103,000 F-150 pickup trucks in the U.S. over axle bolts that may break and result in vehicle rollaways or a loss of drive power, the U.S. National Highway Traffic Safety Administration said on Tuesday.
Welcome to the Green Stock News brief for Tuesday August 12th. Here are today's top headlines: Ford (NYSE: F) has introduced its Universal EV Platform and Production System, combining its century of manufacturing expertise with California-based innovation to create a flexible, efficient, and affordable electric vehicle lineup, starting with a midsize pickup launching in 2027.
Ford Motor Co. (NYSE: F) announced its “next Model T moment.
The American automaker announced a $5 billion investment into its EV plants, a new electric vehicle platform and an affordable electric truck arriving in 2027.
Less than two weeks after announcing its electric vehicle unit lost $1.3 billion during the second quarter and expected to lose billions more this year, Ford Motor Co. now plans to invest around $5 billion to reset its EV program with more affordable vehicles produced more efficiently, at lower cost, the automaker announced Monday.
Ford CEO Jim Farley unveiled plans for a midsize EV truck starting at $30,000. Farley said the automaker is making an additional $2 billion investment in EV production.
Affordability is a top concern among EV shoppers, auto executives have said, and the global competition for delivering cheaper electric models is heating up.
Ford, which once had a lead on other established automakers, said on Monday that it will use new materials and methods to lower the costs of electric vehicles.
A $2 billion investment in a Louisville plant supports efficient manufacturing as employment is projected to fall by 600.
F delays its next-gen EV truck and van to 2028, betting that smaller, cheaper models will drive long-term profitability.
As a result of the changing EV landscape under President Donald Trump, U.S. automakers are evaluating their product lineups and calculating the dollar impacts. Tesla CEO Elon Musk said during the automaker's latest earnings call that the company is in a "weird transition period" as it deals with losing EV incentives in the U.S.
Ford (NYSE: F) has recalled more vehicles in the first half of the year than it has produced, with warranty costs in the billions, raising significant concerns over quality control and earnings impact.