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    FORD reported having 40,000 to 45,000 unfinished vehicles during its third quarter investors meeting due to a parts shortage. The manufacturer’s current number of unfinished models is a sharp increase from its second-quarter report of 18,000 unfinished cars. 2Ford production line worker helping to assemble a vehicleCredit: Getty Ford’s inventory of unfinished vehicles has grown to the point where the cars are visible from space, The Drive reports. Ford considered halting production over parts shortages but ultimately chose to continue building automobiles. The American car maker carried on manufacturing with the expectation that they’d add missing parts when the parts became available. But Ford’s unfinished vehicles are collecting dust in assembly plants as essential parts like semiconductors remain largely unavailable. READ MORE ON CAR NEWSTIME TRAVEL Lincoln's Model L100 Concept has futuristic glass roof - but 2 awkward featuresHYPERCAR HEAVEN New $2.1M Pagani hypercar has ‘rocket-booster’ exhausts and 852 horsepower Semiconductor chips power several car features like safety systems, a vehicle’s touchscreen, and electric vehicle [EV] batteries. Americans are paying more for cars than ever and will continue doing so...
    Tesla charging stations at a car showroom in the morning light. The expansion of the charging infrastructure is still not progressing as desired. Jan Woitas | Picture Alliance | Getty ImagesWhat I am looking at July 21, 2022 Tesla (TSLA) is great as usual and don't let anyone tell you otherwise. The electric automaker was up 2.7% in the premarket after reporting better-than-expected earnings for the second quarter. Ford (F) is going for producing 600,000 electric vehicles next year. Nomura says shares are no longer overvalued. Citi opens a "negative catalyst watch" on Intel (INTC) ahead of the company's earnings report July 28. Citi analyst Chris Danely has been good .... has "positive catalyst watches" on NXP Semiconductors (NXPI) and ON Semiconductor (ON).
    VOLKSWAGEN has revealed its new Amarok pick-up truck - one of the most popular pick-ups in Britain. In a tie-up with Ford, the VW Amarok and Ford Ranger pick-ups will be the same underneath, but will each get its own look and feel. 3The VW Amarok is back with a new look and upgraded techCredit: Volkswagen UK While Ford is going for a more rough-and-ready approach, VW is leaning towards the premium end of the pick-up market. The Amarok will launch as a four-door double cab, but will eventually come in a two-door guise with a longer load bay. Outside it's bigger than the previous Amarok in every direction, can tow more at up to 3500kg, carry more in its load bay at up to 1160kg and wade through an improved 80cm of water. VW says you can get a Euro pallet sideways between the rear wheel arches and there are new eye rings that'll handle 500kg. Most read in MotorsTHE EXTRA MILE I'm an extreme organizer - I keep my car stocked with these seven essentialsNO...
    In this article TSLA F GM Charging port for a Ford Motor Co. Mustang during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022.Al Drago | Bloomberg | Getty ImagesMore people than ever are buying electric vehicles. There are about 2 million EVs on the road in the U.S., up six-fold since 2016, but the number of EVs is still a very small slice of the more than 280 million vehicles in operation. Some factors, such as upfront cost and battery range, are largely manufacturing and innovation challenges being handled inside companies. But another source of consumer resistance opens up a complex set of questions that will need to be addressed on a macro level – the availability of charging stations and a power grid that can handle them. Currently, cars and trucks combine to produce about one-fifth of green-house gas emissions. In order to meet net-zero emissions targets in the decades ahead, consumers are going to have to buy a lot of electric vehicles, and they are going to need a lot of places to...
    By David Welch | Bloomberg General Motors made an eyebrow-raising move this month with the Chevrolet Bolt hatchback and its slightly bigger cousin, the Bolt EUV. At a time of incredibly scant car supply, with dealers often charging thousands of dollars above sticker and consumers waiting weeks or months to take delivery, GM slashed the price of these electric models by about $6,000. GM only just started building these vehicles again in April after stopping assembly for around nine months while it wrestled with a vexing safety issue. The automaker recalled all of the roughly 142,000 Bolts ever sold over a rare tendency for their batteries to catch fire. Two months is hardly enough time to restock dealerships and get a good sense of demand. So what’s happening here? It appears GM is trying to buy a bigger share of the EV market while it ramps up production of newer, top-dollar models. It had to be painful for Chief Executive Officer Mary Barra to watch fierce rival Ford pass her company in US electric-vehicle sales last year, with the Mustang...
    President Joe Biden on Friday dismissed Tesla CEO Elon Musk saying he had a 'super bad feeling' about the U.S. economy.  'Lots of luck on his trip to the moon,' Biden scoffed. He told reporters in Rehoboth Beach, Delaware where he saw encouraging signs.  'Well let me tell you, while Elon is talking about that Ford is increasing their investment overwhelmingly,' Biden said. 'I think Ford is increasing in building new electric vehicles, 6,000 new employees - union employees, I might add, in the Midwest.'  'The former Chrysler Corporation, Stellantis, they are also making similar investments in electric vehicles,' Biden continued. 'Intel was adding 20,000 new jobs for making computer chips.' Musk tweeted moments later, 'Thanks Mr President!' and shared a NASA press release announcing SpaceX had won the contract to take American astronauts back to the moon.  President Joe Biden on Friday dismissed Tesla CEO Elon Musk saying he had a 'super bad feeling' about the U.S. economy. 'Lots of luck on his trip to the moon,' Biden scoffed Musk tweeted moments later, 'Thanks Mr President!' and shared a NASA press release...
    WATCH: @WarrenBuffett says @elonmusk is "winning" against @GM, @Ford, @Toyota https://t.co/edwIaDMA1R pic.twitter.com/UZVb1y5HGg— Washington Examiner (@dcexaminer) April 14, 2022 Business magnate Warren Buffett lauded Tesla CEO Elon Musk for competing against big-name car manufacturers with just "an idea." Buffett appeared in an interview with Charlie Rose to discuss Musk's rise to success. "Tesla has more market value than all the other automobile companies combined," Rose said. "What does that say?" MUSK OFFERS TO BUY 100% OF TWITTER IN $41 BILLION PROPOSAL "That shows what America produces," Buffett replied. "Elon is taking on General Motors, Ford, Toyota, all these people, who've got all this stuff, and he's got an idea," Buffett went on. "And he's winning. That's America. You can't dream it up. It's astounding." GM and Ford recently asked their dealers to stop jacking up the prices of their vehicles. Ford estimated that roughly 10% of its dealers were overcharging consumers. CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER Toyota beat GM's U.S. car sales in 2021, selling an estimated...
    Billionaire Elon Musk has once again taken a dig at Joe Biden after the President lauded his competitors General Motors and Ford during the State of the Union Address on Tuesday night, but didn't mention Tesla. The president tweeted on Tuesday night that Ford is investing $11 billion and creating 11,000 jobs in the electric vehicle market, while GM is investing $7 billion and created 4,000 jobs. Musk replied by touting Tesla, saying his company has created over 50,000 jobs and has invested more than double of both General Motors and Ford combined. 'Ford is investing $11B to build electric vehicles—creating 11,000 jobs across the country. GM is making the largest investment in its history—$7B to build electric vehicles, creating 4,000 jobs in Michigan,' the president's Twitter account posted on Tuesday night. 'Tesla has created over 50,000 US jobs building electric vehicles & is investing more than double GM + Ford combined. [fyi to person controlling this twitter],' Elon Musk tweeted in response. Elon Musk fired back at President Joe Biden on Twitter after Biden lauded General Motors and Ford...
    Elon Musk dubbed Joe Biden a 'damp sock puppet' after he wasn't invited to a meeting at the White House focusing on electric vehicles, but CEOs of General Motors (GM) and Ford were in attendance.  The billionaire Tesla CEO, 50, called President Joe Biden, 79, a 'damp sock puppet' after he wasn't invited to president's Build Back Better meeting that focused on producing electric vehicles in the US on Wednesday.  Biden praised General Motors and Ford in a tweet on Wednesday for 'building more electric vehicles here at home than ever before.'  'I meant it when I said the future was going to be made right here in America,' Biden wrote on Twitter. 'Companies like GM and Ford are building more electric vehicles here at home than ever before.'   Musk, whose billion-dollar company makes its vehicles in California and is now headquartered in Austin, Texas, didn't take the snub lightly, replying to the tweet: 'Starts with a T, Ends with an A, ESL in the middle.'  He later replied again: 'Biden is a wet [sock] puppet in human form.'   The...
    In this article F GM TSLA RIVN LCID Rivian shares have been under pressure, but at a market capitalization of over $100 billion, bigger than GM and Ford, it would be hard to say the electric vehicle upstart isn't a major success. The buying and selling action in EV stocks lately has been intense, from all the fuss over Elon Musk's selling of Tesla shares to former Tesla executive Peter Rawlinson's Lucid Group, which went public earlier this year and is now at a valuation over $80 billion, just about as big as the Detroit stalwarts. As the stock market faces a new test after President Joe Biden reappointed Jerome Powell to lead the Federal Reserve, leading to market calls that investors are about to cycle back into value stocks and away from the hottest growth names ahead of interest rate hike pressures, Tesla's competitors have been giving back some gains. Are EV stocks in a bubble? CNBC recently spoke with Nick Colas, co-founder of DataTrek Research and a former Wall Street auto industry analyst, about what's going...
    In this article F CNBC's Jim Cramer said Monday that even though electric-vehicle startup Rivian Automotive has some strong backers as it prepares to hit the public markets, he is skeptical it will be the next Tesla and would rather own shares of Ford Motor. "Even if everything goes right for Rivian, this industry is getting a little crowded in here. When Tesla was starting out there was nobody else," Cramer said on "Mad Money." Now, however, "Rivian's got Ford's F-150 Lightning hot on its heels, along with GM's electric Hummer and even Tesla's Cybertruck." With Amazon and Ford as sizable investors, Rivian priced its shares between $72 and $74 for its IPO and is likely to start trading Wednesday. "Given that the company plans to offer 135 million shares, we're talking about a $9.85 billion fundraise, which would make this the sixth- or seventh-largest IPO in U.S. history," Cramer said. Cramer said he wouldn't be surprised if Rivian's stock takes off even with such a high valuation because "the people buying this thing won't care about valuation." Rather, investors...
    In this article F TDOC AAPL AMZN PJC Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020.Rebecca Cook | ReutersCheck out the companies making headlines in midday trading. Ford Motor — Shares of the automaker soared more than 9% after a stellar earnings report. Ford Motor, which reported earnings Wednesday, nearly doubled Wall Street's earnings expectations and slightly beat revenue projections for the third quarter. The automaker also increased its annual guidance for the second time this year. eBay — The e-commerce company's stock fell roughly 6.3% after a weak fourth-quarter revenue guidance. eBay topped earnings expectations by 1 cent per share and beat revenue estimates, according to Refinitiv, however. Tesla — Shares of Tesla continued climbing as Piper Sandler hiked its price target on the electric vehicle stock to a new Street high. The stock traded up 3.2%. Piper Sandler raised its share price forecast to $1,300 from $1,200, implying 25% potential upside from Wednesday's close. Apple, Amazon — Big Tech names Apple and Amazon traded higher...
    Who knew mustangs were a natural enemy of moose? The Ford Mustang Mach-E fared poorly during a recent "moose test" in Sweden, which simulates a vehicle's ability to make quick evasive maneuvers if something steps in front of it on the road. The evaluation was conducted by the Teknikens Värld news outlet using a Mustang Mach-E AWD Long Range and found that the vehicle was unable to negotiate the left-right turn at the benchmark speed of 72 kph, or 44.7 mph, without losing some control and leaving the designated path. The testers chalked the issue up to the tuning of the Mach-E's stability control system and thought its steering was too slow and its suspension too soft. The maximum speed that the Mach-E could get through the course cleanly at was 42.3 mph, while a Hyundai Ioniq 5 had no trouble at the 44.7 mph speed. A Tesla Model Y that was also tested set the fastest speed of 46.6 mph. Reporter Linus Projtz described the Tesla was "really good" and the Mach-E "really bad." The moose test is notoriously...
    In this article TSLA F 7203.T-JP 7201.T-JP A man attaches a charging plug to a General Motors Co. (GM) Chevrolet 2017 Volt hybrid electric vehicle (EV) at a charging station in Jeju, South Korea.SeongJoon Cho | Bloomberg | Getty ImagesDETROIT – Tesla, Toyota Motor and Honda Motor are criticizing a proposed $12,500 in electric vehicle tax incentives that includes extra cash for union-made cars and trucks produced in the U.S. Executives with the automakers, including Tesla CEO Elon Musk, said the $4,500 incentive for vehicles assembled in a union plant unfairly favors General Motors, Ford Motor and Stellantis (formerly Fiat Chrysler). Hourly workers for those automakers – traditionally known as the Detroit 3 – are represented by the United Auto Workers union. The comments were made ahead of the EV incentive package being discussed Tuesday by the House Ways and Means Committee as part of a proposed $3.5 trillion spending bill. "This is written by Ford/UAW lobbyists, as they make their electric car in Mexico. Not obvious how this serves American taxpayers," Musk tweeted Sunday night.VIDEO5:0605:06James Lucier of Capital...
    In this article F AAPL Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, September 17, 2020.Rebecca Cook | ReutersDETROIT – Ford Motor has hired former Tesla and Apple executive Doug Field as its chief advanced technology and embedded systems officer, the company announced Tuesday. Field,  who led development of Tesla's Model 3, most recently served as vice president of special projects at Apple, which reportedly included the tech giant's Titan car project. Ford said Field will lead its vehicle controls, enterprise connectivity, features, integration and validation, architecture and platform, driver assistance technology and digital engineering tools. "His talent and commitment to innovation that improves customers' lives will be invaluable as we build out our Ford+ plan to deliver awesome products, always-on customer relationships and ever-improving user experiences," Ford CEO Jim Farley said in a statement. "We are thrilled Doug chose to join Ford and help write the next amazing chapter of this great company." TVWATCH LIVEWATCH IN THE APPUP NEXT | ETListen
    (CNN) – The Ford Mustang Mach-E has been given Car and Driver’s first EV of the Year award. The award was open to all fully electric vehicles currently for sale in the US. The Mach-E beat out 10 other vehicles, including three different Tesla models, the Audi E-Tron, the Volvo XC40 Recharge, and the Porsche Taycan. READ MORE: MDOT: Bridge Work Requires Closing I-75 This Weekend In Oakland County Car and Driver said it put the vehicles through a variety of trials, including a 75-mile-per-hour driving range test — to see how far each car could travel on a full charge — various measured and timed performance tests and subjective driving feel tests on public roads. Then all the vehicles were taken on a 1,000-mile road trip from Car and Driver’s Michigan headquarters to Virginia and back. The Ford Mustang Mach-E has been given Car and Driver’s first EV of the Year award. The award was open to all fully electric vehicles currently for sale in the US. | Credit: Peter Valdes-Dapena In giving the award to the Mustang Mach-E,...
    By Peter Valdes-Dapena | CNN Business The Ford Mustang Mach-E has been given Car and Driver’s first EV of the Year award. The award was open to all fully electric vehicles currently for sale in the US. The Mach-E beat out 10 other vehicles, including three different Tesla models, the Audi E-Tron, the Volvo XC40 Recharge and the Porsche Taycan. Car and Driver said it put the vehicles through a variety of trials, including a 75-mile-per-hour driving range test — to see how far each car could travel on a full charge — various measured and timed performance tests and subjective driving feel tests on public roads. Then all the vehicles were taken on a 1,000-mile road trip from Car and Driver’s Michigan headquarters to Virginia and back. In giving the award to the Mustang Mach-E, Car and Driver staffers credited the SUV’s combination of practicality and performance. “The Mach-E has the driving dynamics and design to push new buyers past mere acceptance of EVs to excitement,” Car and Driver’s Eric Tingwall wrote in an article about the award. Staffers...
    The family of 15-year-old Jovani Maldonado (pictured) has sued Tesla, saying its Autopilot system was at fault when in 2019 a Model 3 rear-ended his father's Ford Explorer pickup truck on a California highway, sending the boy flying to his death  The family of a 15-year-old boy who was killed in a 2019 crash involving a Tesla Model 3 on Autopilot has sued the electric car giant.   Jovani Maldonado was traveling with his father Benjamin in the passenger's seat their Ford Explorer pickup truck on California Interstate 880 on August 24, 2019 when the Tesla reared-ended the truck, sending it rolling.  Jovani, who was not wearing his seatbelt at the time, was thrown from the vehicle and found lying facedown near the crash in a pool of blood, according to police reports.  Now, the crash is the subject of a lawsuit against the electric car giant as the reliability of its autopilot feature has been called into question, the New York Times reported.  'We are living day by day. There is so much sadness inside,' the distraught father told the outlet....
    New York (CNN Business)Tesla had a stellar 2020: The electric car maker was added to the S&P 500 and the stock surged an electrifying 743%. But some investors have pulled the plug on the company lately.Tesla (TSLA) shares are nearly 25% below their all-time high set earlier in the year, and down 2% for 2021 to date -— a time when traditional automakers are surging as they ramp up electric vehicle ambitions.Ford (F) stock is up nearly 75%, putting it in the top 10 of the S&P 500 in 2021. The company unveiled its electric F-150 Lightning truck last month and also told investors that it now expects electric vehicles to account for 40% of global sales by 2030. And GM (GM) is up more than 40% as well. The Chevrolet, Buick and Cadillac maker said this month that it's looking to spend a whopping $35 billion on EVs by 2025. JUST WATCHEDFamed investor Michael Burry bets against TeslaReplayMore Videos ...MUST WATCHFamed investor Michael Burry bets against Tesla 03:24It seems investors are a bit infatuated with these legacy Big 3...
    The Kia EV6 unveiled Tuesday night will be the brand's first purpose-built electric model when it goes on sale in the U.S. early next year. 2022 Kia EV6 (KIA) The five-passenger crossover is sized to compete with the Tesla Model Y and Ford Mustang Mach-E and brings plenty of performance to the fight. The modern utility vehicle will be offered with a variety of powertrains, including an all-wheel-drive system with a 77.4 kWh battery pack and 576 hp that's good for 0-60 mph sprints in just 3.5 seconds. A base model will be available with a 58.0 kWh battery, rear-wheel-drive and a 167 hp motor while the larger battery can also be pared with a 218 hp rear-wheel-drive system or 313 hp all-wheel-drive system. 2022 Kia EV5 (KIA) The EV6 is being launched with 1,500 First Edition models equipped with the 313 hp setup and a long list of optional electronic driver aids including an augmented reality head-up display, lane-centering adaptive cruise control, collision avoidance systems that cover the entire perimeter of the vehicle and a remote parking...
    In this article GM TSLA F Dane Hardware (right), Ford design and release engineer, and Mary Fredrick, Ford battery validation engineer, measure the voltage of a battery using a digital multimeter at Ford's Battery Benchmarking and Test Laboratory in Allen Park, Michigan.FordDETROIT – Ford Motor plans to invest $185 million into a new battery lab as a step toward manufacturing its own battery cells for electric vehicles, the company announced Tuesday. The funds will go toward constructing Ford Ion Park, a "pilot facility" for production that's expected to open by the end of next year outside of Detroit. The planned 200,000-square-foot lab is designed to accelerate development of the technologies as the company plans to "eventually manufacture" new battery cells and batteries, according to Hau Thai-Tang, Ford's chief product platform and operations officer. Ford declined to discuss a timeline for producing battery cells internally. The company currently purchases cells from suppliers such as South Korea-based SK Innovation. Ford's new facility will not be a full battery cell production facility like Tesla has or General Motors has announced as...
    VIDEO5:1705:17Cramer: Musk shouldn't go on SNL after latest quarterly resultsSquawk on the Street CNBC's Jim Cramer on Tuesday expressed some disappointment in Tesla's first-quarter earnings report and subsequent conference call. "I have to be somewhat critical. This was not the blowout quarter," Cramer said on "Squawk on the Street," describing the numbers released Monday by the electric vehicle maker as "very good" relative to certain industry peers. He did not specify the companies with which Tesla compared favorably. However, Cramer said it's difficult for Tesla CEO Elon Musk to ignore the threat General Motors and Ford present now as the established automotive titans boost their investment in EVs. "I know he laughs at these other guys.… I know that he thinks they're dinosaurs but dinosaurs can rule the Earth if they come back," Cramer said. "I have to watch what Ford and GM are doing. I don't think that they're dead anymore."  Tesla's total revenue of $10.39 billion jumped 74% year over year, beating Wall Street expectations of $10.29 billion. The also company posted a record quarterly net profit of...
    People visit Ford's all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019.Xinhua via Getty Images DETROIT – "Respect…." It was a simple statement by Ford Motor CEO Jim Farley acknowledging Tesla CEO Elon Musk's tweet saying the two companies were "the only American carmakers not to have gone bankrupt out of 1000's of car startups." Farley's retweet of Musk earlier this month was a jab at his Detroit rivals, while also recognizing what Tesla has been able to accomplish. Ford has often touted its survival of the Great Recession, after crosstown rivals General Motors and then-Chrysler, now a part of Stellantis, went bankrupt in 2009. It was also one of the latest examples of executives at legacy automakers showing Musk some appreciation. They've also adopted at least some of his company's strategies to catch up to Tesla's electric vehicle sales the world over. "What I take away from Tesla's success is that there's a huge market for EVs and they validated that," GM CEO Mary Barra said during an...
    Viewing Picks for January 9, 2021 6 Safe Ways to Lose 14 Pounds in 14 Days Wall Street analysts loved test driving the new Mustang Mach-E - and say it could be bad news for Tesla investors © MARK RALSTON/AFP via Getty Images Ford reveals its first mass-market electric car the Mustang Mach-E, which is an all-electric vehicle that bears the name of the company's iconic muscle car at a ceremony in Hawthorne, California on November 17, 2019. This is Ford's first serious attempt at making a long-range EV and will be the flagship of a new lineup that will include an electric F-150 pickup truck. MARK RALSTON/AFP via Getty Images Ford's electric Mustang Mach-E is beginning to hit dealerships.  So far, the crossover has impressed both media reviewers and Wall Street analysts.  JPMorgan says the car likely won't eat into Tesla sales, but it could boost Ford's market value if previously hesitant investors are coaxed back to the name.  Visit Business Insider's homepage for more stories. Ford's Mustang Mach-E impressed media reviewers as it hit showrooms,...
    Automakers old and new will be looking to spark interest in their brands in 2021 with a mix of rebooted classics and electrifying new models. Here are a few of the most interesting American cars and trucks on the way to showrooms next year. Chevrolet Bolt EUVChevrolet is following up its Bolt EV electric car with a slightly larger version that will better compete against compact SUVs. The Bolt EUV (Electric Utility Vehicle) will be built on the same platform as the Bolt EV and be the first Chevrolet to offer GM’s hands-off Super Cruise highway driving system. Ford Bronco Ford The first Bronco since 1996 is set to be a hit out of the gate, with Ford reporting it already has over 165,000 orders for its Jeep Wrangler-fighting SUV. Two-door and four-door models will be offered from $29,995 to $60,800, all with standard four-wheel-drive systems, removable roofs and a choice of four-cylinder and six-cylinder turbocharged engines. GMC HUMMER EV GMC The dormant HUMMER name returns on a GMC-branded electric pickup. The $112,595 monster will launch with a...
    Continuing COVID-19 vaccine trials may put some volunteers at unnecessary risk. Is that ethical? Germany concerned about potential attacks on mass vaccination centers THE NEW FOREFRONT AT FORD: What you need to know about the auto giants new leaders and plans for the future The past year has seen a series of management shake-ups at the Ford Motor Company, even amid some of its most historic new-car launches in recent history. In October, CEO Jim Hackett gave way to another Jim - Jim Farley, the guy who, rather than spitting out another rehearsed line from his public-relations team, once said "F--- GM."  © Reuters Ford's Jim Farley speaking at the New York Auto Show. Reuters But the rejiggerings have been less about reacting to the business as it is, and more about looking toward the future: one full of electric and autonomous vehicles, where tiny Tesla has become the world's most valuable automaker, where data and subscriptions may matter more than horsepower.  Business Insider has the full timeline of the changes and what they mean below. But first, you...
    Supreme Court sides with religious groups in New York in a dispute over Covid restrictions Death toll climbs to 22 nearly one year after New Zealand volcano eruption From Tesla and Rivian to Ford and GM: Take a look at the electric trucks automakers are planning From electric car startups to the old-school Detroit auto giants, the automotive industry is gearing up for a battle royale as companies race to deliver the first all-electric pickup truck to the mass market. © Provided by CNBC A promotional shot of Tesla's Cybertruck. The best-selling vehicle in the U.S. is a pickup truck (Ford's F-150). Meanwhile, electric vehicle sales have been steadily rising for years, with some analysts expecting those numbers to jump by nearly 40% globally in 2021, topping 3 million electric vehicles sold around the world. Load Error So, it was just a matter of time before automakers began flooding the market with electric trucks. On Monday — after selling out reservations for its first set of R1T pickups — Rivian opened another round of pre-orders. Elon Musk and...
    America, weve missed you. Now please get your act together on climate change Trumps final Fed pick is extremely unorthodox Ford is absolutely interested in producing EV batteries like Tesla and GM Ford CEO Jim Farley said the automaker is "absolutely" interested in following Tesla and General Motors in producing its own batteries for electric vehicles. His comments are a reversal from former CEO Jim Hackett, who told investors in July that Ford saw "no advantage" in producing EV batteries. Farley said Ford is evaluating producing EV batteries, but no plans have been finalized. © Provided by CNBC Jim Farley in 2017. Ford Motor is "absolutely" interested in following Tesla and General Motors in producing its own batteries for electric vehicles, new CEO Jim Farley said Friday. The comments are a reversal from Farley's predecessor, Jim Hackett, who told investors in July that the automaker saw "no advantage" in producing the batteries instead of purchasing them from a third-party supplier. Farley succeeded Hackett on Oct. 1. Farley said Ford is looking at producing EV batteries, including...
    Jim Farley in 2017.Luke Macgregor | Bloomberg | Getty Images Ford Motor is "absolutely" interested in following Tesla and General Motors in producing its own batteries for electric vehicles, new CEO Jim Farley said Friday. The comments are a reversal from Farley's predecessor, Jim Hackett, who told investors in July that the automaker saw "no advantage" in producing the batteries instead of purchasing them from a third-party supplier. Farley succeeded Hackett on Oct. 1. Farley said Ford is looking at producing EV batteries, including the complex cells that power the vehicles, but no plans have been finalized. He said such production could be a way to offset expected factory job losses as EVs require fewer workers to produce. "Absolutely, we're discussing it as a team," Farley said during a Reuters automotive conference. "We think that it's a natural time now because our volume is really growing."VIDEO11:3611:36Ford CEO on electrified commercial vans, pandemic headwinds, Bronco launchMad Money with Jim CramerFord is set to release an all-electric crossover called the Mustang Mach-E in the coming weeks, followed by an EV version of...
    All electric Ford F-150 pickup truckSource: Ford DETROIT – Ford Motor plans to differentiate its upcoming all-electric F-150 from expected pickups by Tesla and General Motors by building it for heavy duty hauling and towing rather than recreation. "While all other electric pickups are competing for lifestyle customers, the all-electric F-150 is designed and engineered for hard working customers that need a truck to do a job," Kumar Galhortra, Ford President of the Americas and International Markets, said Wednesday during a media briefing. Galhortra said it was important to Ford to retain the F-150's reputation as a work truck when it rolls out its electric version in about two years. The F-150 and its larger siblings, collectively known as Ford's F-Series, have been America's best-selling pickups for 43 years and the nation's top-selling vehicle for 38 years. "We have a very substantial amount of brand equity in the 'Built Ford Tough' F-150 both in terms of design language, capability and the name itself," he said.VIDEO1:4801:48Ford just unveiled its 2021 tech-savvy pickup—Here's what's newNews VideosThe F-Series is critical to Ford's profitability. The nearly 900,000 F-Series...
    The arrival of the new Mustang Match-E has become a source of pride for the signature of the oval, for that reason it has also decided to put all the meat on the grill and equip the electric vehicle with the best infotainment system. Ford knows that such systems have become a linchpin for carsThat is why it has set itself the goal of becoming the new industry benchmark in terms of connectivity, multimedia and interaction with users. To achieve this, Ford has launched the new generation Ford Sync system, with which he intends to unseat Tesla and Mercedes Benz. According to information from Diariomotor, Ford Sync will be available with the first deliveries of the Mach-E, offering great qualities and functions in its composition. Ford Mustang Mach-E interior. / Photo: Courtesy Ford. The next-generation Ford Sync features a 15.5 ″ LCD screen upright and located in the middle of the dashboard, a design seen in other brands such as Tesla. In this large screen, unlike other brands, it has the integration of a rotary knob...
    Protesters have made their demands clear. Cities and police departments are starting to respond with policy change. Only 32% of companies returning to work have plans for employees child-care needs even as many schools postpone reopening full-time GM and Ford Lost a Quarter of Their Market Values This Year While Tesla Inc. (NASDAQ: TSLA) stock continues its unstoppable rise, the two largest American car companies are stuck in reverse. The market values of Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) have lost 27% of their values this year. The reasons for the declines are different. GM has not had a flashy product introduction, as Ford had with its new Bronco and the upgraded F-150. Ford's sales rely too much on the F-150. GM Shuffles Along © Provided by 24/7 Wall St. For a period, GM was considered the better of the two companies in terms of management and overall sales. While it continues to sell more cars in the United States and worldwide, it has been hammered by the pandemic and...
    Most U.S. automakers had a strong showing in the 2020 J.D. Power Initial Quality Study, but Tesla finished at the bottom of the list. (Dodge/Kia) Dodge and Kia tied for first with 136 problems reported per 100 vehicles, while seven American brands finished above the industry average of 166, with Ford, Lincoln, Chrysler and Tesla coming up short. (J.D. Power) Last year, Korean sister brands Genesis, Kia and Hyundai swept the top three. The owner survey tracks the number of problems reported in the first 90 days of ownership. Issues can range from major component failures to user dissatisfaction with the design and functionality of features like infotainment systems, which are responsible for the most complaints. This is the first time Tesla has been included in the study, and its score of 250 comes with an asterisk. In 15 states where it is required, the automaker refuses to grant J.D. Power permission to survey its owners, so it had to rely on data collected from 35 states. Land Rover, Audi and Volvo finished ahead of Tesla with scores...
    The Michigan-built Ford Motor Co. Ranger pickup, resurrected for the U.S. market in 2019, ranks No. 1 among the most-American-made vehicles, a 15-year-old list for which high-ranking Tesla, which assembles its luxury electric cars in Fremont, Calif., participated for the first time. Behind the Ford F, +0.80% , No. 2 is claimed by Fiat Chrysler Automobiles’ FCAU, +4.09% Jeep Cherokee, assembled in northern Illinois. Tesla, meanwhile, took three spots among the top 10 on the 2020 AMI, for which Cars.com, the index creator, relies both on company data and its own research. This is the first year Tesla TSLA, -0.65% has willingly participated in the AMI, shaking up the results; it likely would have ranked high in other recent years as well. Honda Motor Co. HMC, +0.74% and General Motors GM, -0.82% also hold top spots on the index this year. The American-Made Index ranks cars based on five factors: assembly location, parts sourcing as determined by the American Automobile Labeling Act that dates to the 1990s, U.S. factory employment relative to vehicle production, engine and transmission sourcing....
    American brands dominate the top 10 on Cars.com’s American-Made Index for 2020, with the new Ford Ranger taking the top spot. The annual report combines several factors, including where the vehicles and their parts are manufactured, along with how many U.S. jobs each vehicle produced supports. The official data lumps U.S. and Canadian parts content into one pool, but the study attempts to offset this by only considering vehicles with final assembly in the U.S. and giving extra weight to the manufacturing locations of engines and transmissions, two major components. Low volume, fleet-only and heavy duty models are excluded from the report. The Michigan-built Ranger is followed by the Jeep Cherokee, which was number one last year. Tesla, participating for the first time, placed three vehicles in the top 10, with the Model S and Model 3 rated at third and fourth, respectively. Honda is the only non-U.S. brand represented. The Japanese automaker's Lincoln, Alabama-built Odyssey, Ridgeline and Passport fill spots five through seven, ahead of the Chevrolet Corvette, Tesla Model X and Chevrolet Colorado. Below is the top 10 and...
    In SUVs with this engineering, motorists will be equipped to remove their hands from the steering wheel and pull their feet absent from the brake and gasoline pedals although the car or truck basically drives itself on picked main highways. The Mach-E will go on sale later on this calendar year, and the hardware to permit palms-free driving will be offered as an possibility. The software to allow the performance, termed Energetic Drive Assist, will be bought independently by the tumble of 2021, Ford stated. Motorists will both be capable to put in it at household by a down load or at a Ford dealership.The fingers-no cost driving operation will be extremely very similar to Typical Motors’ Super Cruise method. In addition to cameras and sensors on the exterior of the automobile to keep track of the road and other autos, a compact infrared digital camera within the motor vehicle will make sure the driver is constantly looking at the road ahead. If the driver appears to be absent for far too lengthy, the process will not function.Drivers have a...
    Ford’s upcoming all-electric Mustang Mach-E will offer hands-free driving when it hits the road next year, the automaker said Thursday. The feature, dubbed Active Drive Assist, arrives six years after Tesla and four years after General Motors introduced similar features. It will be offered on several Ford models, but most notably on the electric Mustang, a crossover vehicle targeted at the Tesla Model Y market which will hit the road later this year. Ford said that Americans will be able to order the Mustang Mach-E in the fall with the high-tech hardware package, which includes extra radar sensors and a driver-facing camera, but noted the software won’t be ready until fall 2021. When the Active Driver Assist software is ready, users will be able to download an update for their vehicles. Tesla introduced its first semi-automated hands-free driver assist package, called Autopilot, in 2015. GM followed two years later with a similar semi-automated feature called Super Cruise on the Cadillac CT6. Ford unveiled the Mach-E in November 2019, with its unique design polarizing fans of the muscle car line,...
    Ford says its Active Drive Assist system will allow for hands-free driving on more than 100,000 miles of divided highways in the U.S. and Canada.Ford Ford Motor's answer to advanced driver-assist systems such as Tesla's Autopilot and General Motors' Super Cruise is launching as the automaker introduces important new or redesigned vehicles such as the all-electric Mustang Mach-E crossover. The company's new "Active Drive Assist" will be part of the automaker's "Co-Pilot360" safety and convenience technologies. The hardware for the hands-free driving system will be available to order first on the Mach-E later this year, followed by other "select" vehicles for the 2021 model year, Ford announced Thursday. Customers will have to wait until next year though for the technology to be available on the Mach-E. The crossover, according to the company, will be "among the first" vehicles to receive the system during the third quarter of 2021 via a remote, or over-the-air, update or at a dealership. A spokesman for Ford declined to comment on what other vehicles the technology will be offered on as well as their timing....
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