Ford Halts Sales of Mustang Mach-E Over Defect
Ford Motor Co. has told dealers to temporarily halt sales of the Mustang Mach-E over a potential safety defect, a setback for the carmaker as it tries to fortify its position as a leader in electric vehicles.
Ford-Backed Argo Goes Driverless in Miami, Austin
Argo AI, the driverless startup backed by Ford Motor Co. and Volkswagen AG, has started testing self-driving vehicles in Miami and Austin, Texas, without a human behind the wheel.
Ford Profit Falls Short of Estimates Despite Rising Car Prices
Ford Motor Co. reported fourth-quarter earnings that missed analysts’ estimates despite a surge in prices for its vehicles, and warned of higher commodity costs in the year ahead.
Ford Market Value Tops $100 Billion on Surging Electric Vehicles
Ford Motor Co.’s market value topped $100 billion as investors bet on the 118-year-old automaker’s prospects in the dawning electric age.
Auto Sales to Edge Up 3.4% as Shortages Continue
U.S. auto sales will climb just 3.4% this year to 15.4 million cars and trucks as the semiconductor shortages continue to constrain vehicle inventory, auto dealers predict.
Ford Doubles Capacity for Electric F-150 as It Opens Orders
Ford Motor Co. will double factory capacity for its electric F-150 Lightning to 150,000 trucks a year and will start taking orders this week for the model, which goes on sale this spring.
Ford Shatters Estimates as Sales Increase, Resuming Dividend
Ford Motor Co., charging forward with big investments in electric vehicles, reported third-quarter results that beat analysts’ expectations as chip shortages eased and sales grew.
Ford’s Maverick Hybrid Pickup Truck Nearly Sold Out for 2022 Model Year
Ford Motor Co.’s new Maverick tiny truck is nearly sold out for the 2022 model year in its standard setup with a gas-electric hybrid propulsion system.
Ford Exits Rivian Board Ahead of Startup’s IPO
Ford Motor Co. has vacated its seat on the board of Rivian Automotive Inc. as the electric truck startup prepares to go public with an expected valuation of $80 billion.
Worsening Chip Woes to Cost Automakers $210 Billion in Sales
The cost of the intractable semiconductor shortage has ballooned by more than 90%, pushing the total hit to 2021 revenue for the world’s automakers to $210 billion.