Automoto Network

DETROIT — The CEO of Ford Motor Co. says the automaker has no plans to spin off its electric vehicle or internal combustion businesses, but is reinventing itself by removing costs and ramping up for large-scale EV and software sales. Ford CEO Jim Farley told the Wolfe Research virtual global auto technology conference Wednesday that […] February 25, 2022 at 07:01AM

Ford Motor Co. overcame a critical parts shortage and managed to post a surprise profit in the second quarter, thanks to surging prices on models that have become harder to find on dealer lots. The automaker on Wednesday also raised its full-year forecast for adjusted earnings to a range of $9 billion to $10 billion […] July 29, 2021 at 07:03AM

Ford Motor Co said on Thursday its second-quarter working benefit will surpass assumptions because of lower expenses and rising costs for new and utilized vehicles in the midst of the worldwide semiconductor chip shortage. Ford Chief Executive Jim Farley likewise said at a Deutsche Bank meeting that the No. 2 U.S. automaker will in the […] June 19, 2021 at 07:04AM

DEARBORN, Mich. — A brand new electrical model of Ford’s immensely in style F-150 pickup truck would possibly simply be the catalyst that hastens America’s transition from gasoline to battery-powered autos. Jim Farley, the corporate’s new CEO, calls the introduction of an electrical model of the nation’s top-selling car a watershed second for Ford in […] May 25, 2021 at 07:03AM