Ford offers attractive End of Year incentives on Mustang Mach-E, F-150 Lightning

Ford is offering attractive end-of-year incentives on two of its best-selling EVs, the Mustang Mach-E and Ford F-150 Lightning, as companies across the automotive industry aim to end the year on a positive note. Ford has established itself as one of the main players in the U.S. EV market, and although it shifted its electrification […]

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Trump White House plans to ‘kill’ EV tax credit: report

President-elect Donald Trump’s White House reportedly plans to kill the electric vehicle tax credit, which can take up to $7,500 off the price of an EV at the federal level. Trump, who was critical of government involvement in pushing consumers to EVs during his campaign, could make the move as part of broader tax reform […]

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BYD closing the gap with Ford 

China’s top new energy automaker, BYD, is closing the gap between itself and Ford regarding volume production.  The Chinese automaker kicked off the first month of the fourth quarter, selling half a million vehicles. BYD reported selling approximately 502,757 vehicles worldwide in October, a 66.5% increase compared to the same month last year.  In comparison, […]

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Ford responds to strange rumor that Tesla and Elon Musk acquired it

Ford responded to a strange rumor that is going around currently that Tesla and CEO Elon Musk acquired it. On Thursday, rumors of Musk and Tesla’s potential acquisition of Ford started to swirl. The source of the rumors is not necessarily clear, but it seemed like anyone with any sort of knowledge of Tesla or […]

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Ford-backed Ni plant seeks $2.7B in financing

Zhejiang Huayou Cobalt Co. is scouting out banks seeking around $2.7 billion in financing for a Ford-baked nickel plant project in Indonesia.  Huayou, Ford, and Indonesian miner PT Vale collaborated to make battery-grade nickel for electric vehicles. China-based Huayou is working with HSBC Holdings Plc and Standard Chartered Plc to arrange the $2.7 billion loan. […]

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Ford reports its Q3 earnings, including $1.2 billion loss on EVs

Ford reported its third-quarter earnings this week, highlighting continued losses for its Model e division as it aims to reach profitability on electric vehicles (EVs). During its Q3 earnings call on Monday, Ford reported an EBIT loss of $1.2 billion for the Model e EV arm of the company, adding that it now expects a […]

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Ford CEO’s take on the Xiaomi SU7: “an industry juggernaut”

Ford CEO Jim Farley has been driving the Xiaomi SU7 electric vehicle (EV) and seems to love it.  Farley recently sat down with the host of the Fully Charged podcast, Robert Llewellyn. During the interview, the Ford CEO revealed that he had been taking the Xiaomi SU7 out for a spin and shared his thoughts […]

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