Ford CEO Jim Farley said the company is investing in internal combustion engines as other brands leave the segment because not everyone is ready for electric vehicles. The automaker has committed over $50 billion to electrify its lineup with new products and the factories needed to build them, but Ford CEO Jim Farley said it …
Ford CEO says electric F-150, Bronco & Mustang are inferior to GAS Read More »
On September 20, Ford Motor Co’s (F.N) stock tumbled over 12% on Tuesday in its deepest one-day decline in over a decade after the automaker said inflation-related costs would be $1 billion more than expected in the current quarter and that parts shortages had delayed deliveries. The stock ended at $13.09, making its percentage decline for …
Ford stock has biggest 1 day crash in 11 years after it said this Read More »
Ford has poured significant effort into converting its fleet to electric, and it’s paying off big time. America’s best-selling automaker continues seeing strong demand for its EV models as sales grew another 307% in August. Ford looks to hit 600,000 EV unit capacity by the end of next year while ramping it up to 2 …
Ford EV sales skyrocket 307% in August – takes 2nd place in the US Read More »
7 months ago Ford informed the media that at least 10% of its dealerships have been marking up the prices of its cars. It came up with a strategy where it would punish dealers for doing this.
Lincoln president Joy Falotico said the brand expects a continued winnowing of its dealer network in the coming years as it shifts its focus on electric vehicles. “We’re not exactly where Ford is on it. I don’t see us needing to have a multiple-tiered approach because we’re a smaller brand” says Falotico.
Ford is laying the foundation for a bright future in EV sales, not only in retail but online as well. Ford says it will be surveying customers post sale and monitoring the consistency of prices across different customers at each dealer.85% US population lives within ten miles of a Ford dealer – implementing fast chargers …
Ford dealers must pay $1.2 million to sell EVs + non-negotiable pricing Read More »
Ford has taken the electric van market by storm with their next generation E-Transit. With this E- transit, drivers can expect a WLTP range of 236 miles while offering up to 214 horsepower and 306 pound-feet of torque!
Ford wants its dealers to match Tesla’s lower selling prices. Ford executive has said previously that Ford needs to cut $2,000 per vehicle out of the selling and distribution costs and sell directly to customers. The dealers are now worried about profit margins on the new vehicles.