Articles by tag: Ford
It’s almost a truism at this point that Tesla has the strongest brand presence and strategy in the whole EV market. Though they’re still outpaced globally by Chinese firm BYD, Tesla is the leading U.S. manufacturer for electric vehicles and as of Q1 2023, is only increasing its profits and market share. And earlier […]
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2023 MotorTrend Truck of the Year and Which Five Mean Machines Stack Up
2023 MotorTrend Truck of the Year is in. Five mean machines competed for the 2023 MotorTrend Truck of the Year including the F-150, Silverado, Tundra, Sierra, and Ram 2500. Who was the winner? The Ford F-150 Lightning electric pickup truck won based on six different criteria. As only the second electric vehicle to unanimously […]
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Texas Put Up Millions to Lure a Samsung Plant and Won. Will It Pay Off?
(Bloomberg) — Landing Samsung Electronics Co.’s massive new chip plant didn’t come cheap for Taylor, Texas. The question now is whether the investment will pay off. State and local officials offered a raft of incentives to lure the plant to the town, which is in Austin’s northeastern suburban fringe. It all could amount to hundreds […]
Transportation
Is Ford’s Promotion Spree Enough to Appease Labor and Meet EV Production Demand?
Key Points: Ford’s promotion spree has seen hundreds of part-time workers promoted to full-time status. Many are trying to figure out why Ford made the decision ahead of their UAW deadline. The promotions seem to be a result of auto industry strikes and the labor movement. Commentary: Ford has recently promoted hundreds of their […]
Transportation
The Ford Maverick Speeds Past an Early Milestone
The Ford Maverick doesn’t hit the roads until 2022, but that hasn’t stopped it from speeding past a milestone. The CEO of Ford, Jim Farley, announced the new hybrid truck has surpassed 100,000 pre-orders. We wanted to ask car expert and freelance writer Christopher Tepedino: What makes this particular truck so attractive to consumers, and […]
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GM Undershoots Estimates on Chip Dearth, Lifts Full-Year Outlook
(Bloomberg) — General Motors Co. missed analysts’ profit estimates for the latest quarter but raised its full-year guidance as rich margins on pickups vied with nagging production cuts at its North American factories from a global semiconductor shortage. Soaring new-vehicle prices on high-margin pickups couldn’t make up for supply chain issues in the second quarter […]
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Carmakers Learn to Live With Chip Shortage: Auto Sales Update
(Bloomberg) — Automakers’ sales soared in the second quarter as resurgent consumers snapped up sport utility vehicles and pickups, but thin inventories created by the global semiconductor shortage are tempering the pace of the industry’s recovery. General Motors Co., Toyota Motor Corp. and others said Thursday that their sales soared in the most recent quarter, […]