Ford plans to spend $11bn on 40 new electric car models by 2022
7 years, 2 months ago

Ford plans to spend $11bn on 40 new electric car models by 2022

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ford chief executive Jim Hackett told investors in October the carmaker would slash $14bn in costs over the next five years and shift capital investment away from sedans and internal combustion engines to develop more trucks and electric and hybrid cars. On Sunday evening, Daimler unveiled its new G-class SUV, a bulky off roader, in an abandoned movie theatre in downtown Detroit once used as a set for the movie “8 Mile.” Daimler chief executive Dieter Zetsche hinted to Former California Governor Arnold Schwarzenegger during an exchange on stage next to the G-class that Daimler would someday have an electric version of the vehicle. The automaker’s president of global markets, Jim Farley, said on Sunday that Ford would bring a high-performance electric utility vehicle to market by 2020. ‘THINK BIG’ Ford’s shift to the electric vehicle strategy has been more than six months in the making after Hackett replaced former chief executive Mark Fields in May.

China Car Electric Vehicles Detroit Sign Executive Electric Cars Electric Vehicle Daimler Vehicles Ford  electric  vehicle  chief  2022  models  spend  car  executive  breaking  global  plans  11bn  vehicles  ford  40  sign

History of this topic

Mercedes-Benz earnings are a bad sign for EV sales. What it means for Ford, Tesla.
1 month ago

Mercedes-Benz earnings are a bad sign for EV sales. What it means for Ford, Tesla.

Live Mint  

Mercedes-Benz stock fell in overseas trading after the German auto maker reported better-than-expected earnings but gave an outlook that doesn’t inspire the passion drivers might feel for a 300 SLR sports car. Mercedes sees sales falling slightly from the 1.98 million vehicles delivered in 2024. All-electric sales came in just under two million vehicles, down 1% year over year. Tesla’s …

Electric cars vs hybrids: What will buyers opt for in 2025?
1 month, 1 week ago

Electric cars vs hybrids: What will buyers opt for in 2025?

India Today  

With new models entering the segment in 2025, battery electric vehicle sales are expected to stay ahead of hybrid vehicle sales during the year, unless the government announces some support to boost the latter, according to sector experts. Powertrain 2024 2023 BEV 113,441 units 95,859 units Hybrid 103,252 units 87,519 units Source - JATO Dynamics In 2025, the country's largest …

RAY MASSEY: Electric dream could turn to a nightmare if the public don't buy it
2 months, 2 weeks ago

RAY MASSEY: Electric dream could turn to a nightmare if the public don't buy it

Daily Mail  

Two guests chatting at a party. That's the conclusion of the UK's Society of Motor Manufacturers and Traders following damning annual new car sales figures published this week. Car sales last year rose 2.6 per cent year-on-year to 1.953million, with Ford's Puma crossover the biggest seller. The reality is EV sales depend on fleet and company car users – with …

Uncertainty over Trump’s electric vehicle policies clouds 2025 forecast for carmakers
2 months, 2 weeks ago

Uncertainty over Trump’s electric vehicle policies clouds 2025 forecast for carmakers

Associated Press  

NEW YORK — Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast. S&P Global Mobility expects global sales of 15.1 million battery electric vehicles in 2025, which would mark a 30% jump. Donald Trump’s presidency could mean big policy shifts in tax and other incentives for both electric …

US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little
2 months, 3 weeks ago

US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little

Associated Press  

DETROIT — New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable. Despite high sales prices that averaged more than $47,000, automakers sold just over 16 million vehicles in the U.S. last year, Motorintelligence.com said Friday. Electric vehicle sales rose 8.8% for the …

25 new cars coming in 2025 PART 2: Second of our A-Z lists includes newcomers from Ferrari, BMW and Lamborghini
2 months, 3 weeks ago

25 new cars coming in 2025 PART 2: Second of our A-Z lists includes newcomers from Ferrari, BMW and Lamborghini

Daily Mail  

Part 2 covers 13 models in total, including plenty of supercars; check out part 1 for the first 12 of our 25 picks As 2024 draws to a close, This is Money has picked its 25 favourite new cars set to arrive in UK showrooms over the course of the next 12 months. Citroen C5 Aircross Estimated price: £35,000 - …

Ford's UK boss demands 'substantial' taxpayer subsidies for electric vehicles as sales fall below 'aggressive' government targets to phase out petrol and diesel motors by 2030
3 months, 3 weeks ago

Ford's UK boss demands 'substantial' taxpayer subsidies for electric vehicles as sales fall below 'aggressive' government targets to phase out petrol and diesel motors by 2030

Daily Mail  

Ford's UK boss has demanded a return of subsidies for electric cars that were scrapped in 2022 - as new figures show manufacturers are not on target to hit the Government's 22 per cent sales goal for this year. Lisa Brankin, chair of Ford UK and Ireland, says the Government needs to introduce 'substantial' subsidies to drive sales of electric …

The EV Transition Is Leaving the UK Auto Industry Behind
3 months, 3 weeks ago

The EV Transition Is Leaving the UK Auto Industry Behind

Live Mint  

Tony Vitty hasn’t worked at the Vauxhall van plant in Luton, north of London, for years. “Currently, there are lots of reasons why you wouldn’t necessarily make cars in the UK, starting with expensive energy and perhaps a lack of incentives,” said Palmer, who chairs EV charging company Pod Point Group Holdings Plc. “If you change the ZEV mandate, it …

Auto industry’s shift toward EVs is expected to go on despite Trump threat to kill tax credits
4 months ago

Auto industry’s shift toward EVs is expected to go on despite Trump threat to kill tax credits

Associated Press  

DETROIT — If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it’s likely that fewer buyers will choose EVs. Trump’s argument — one that most economists dispute — is that a rapid U.S. shift toward electric vehicles would lead to most EVs being made in China and would swell prices for …

EU demand for electric cars continues to fall as sales collapse in France and Germany
6 months, 1 week ago

EU demand for electric cars continues to fall as sales collapse in France and Germany

Daily Mail  

Demand for electric cars across Europe is 'on a continual downward trajectory' after a 'spectacular' collapse in sales in Germany and France. In the latest sign that the brakes have been slammed on the electric vehicle revolution, figures showed just 92,627 battery-only powered cars were registered in the European Union last month. Running flat: In the latest sign the EV …

Ford to shift EV strategy to hybrid vehicles
7 months ago

Ford to shift EV strategy to hybrid vehicles

China Daily  

When it comes to selling electric vehicles, US automakers face not only consumer reluctance but rising competition from China in the international market. Ford Chief Executive Officer Jim Farley said that China's EV companies have the advantage of a lower-cost supply chain and that Ford needs to find ways to lower its own costs to compete. In China, retail sales …

Ford Steps Back From EVs—and Says Hybrids Are the Future
55 years, 2 months ago

Ford Steps Back From EVs—and Says Hybrids Are the Future

Wired  

Spooked by weakening demand for EV sales, and the number and ingenuity of Chinese automakers, Ford is scaling back its all-electric ambitions, despite manufacturers, including Ford, experiencing significant growth for electric car sales in the first quarter. Noting that the Dearborn, Michigan, company is responding to market demand, chief financial officer John Lawler told reporters on a call today that …

Ford ditches new EV in major strategy shift amid slowing demand for electric cars
7 months ago

Ford ditches new EV in major strategy shift amid slowing demand for electric cars

Daily Mail  

Ford has abruptly cancelled plans to produce a three-row electric SUV, and has delayed building a new EV plant in Tennessee. The pullback marks a major shift for the car company, amid slowing demand for electric cars. Ford has bet big on electric vehicles but expects to make loses of $5.5 billion this year The now-delayed plant in Tennessee, which …

Ford to shift electric vehicle strategy by building new lower-cost pickups and a commercial van
7 months ago

Ford to shift electric vehicle strategy by building new lower-cost pickups and a commercial van

Associated Press  

DETROIT — Facing competition from automakers with lower costs, Ford Motor Co. is shifting its electric vehicle strategy and now will focus on making two new electric pickup trucks and a new commercial van. The company also says it won’t build fully electric three-row SUVs due to high battery costs, but instead will focus on making those vehicles as gas-electric …

Ford faces £1.5bn hit as it cancels electric SUV project
7 months ago

Ford faces £1.5bn hit as it cancels electric SUV project

The Telegraph  

Ford has unveiled a £1.5bn hit from its decision to cancel a new electric SUV as it says motorists are unwilling to pay higher prices to switch away from petrol and diesel. The Detroit powerhouse said on Wednesday it was watering down its electric car plans by focusing increasingly on its hybrid range as it seeks to appeal to cost-conscious …

Ford to shift electric vehicle strategy with lower-cost pickups and a commercial van
7 months ago

Ford to shift electric vehicle strategy with lower-cost pickups and a commercial van

LA Times  

Ford, which has long been talking about making profitable EVs, lost $2.46 billion on them in the first half of the year. Facing competition from automakers with lower costs, Ford Motor Co. is shifting its electric vehicle strategy and now will focus on making two new electric pickup trucks and a new commercial van. The company also says it won’t …

Electric car sales set to miss a key Government target as demand slows
7 months, 3 weeks ago

Electric car sales set to miss a key Government target as demand slows

Daily Mail  

Sales of new electric cars will miss a key target this year. More importantly, it also falls short on the former Conservative government’s target for 22 per cent of vehicles to produce zero emissions this year. The Society of Motor Manufacturers and Traders expect electric cars to make up 18.5% of all new registrations by the end of 2024 Mike …

Seven in ten electric vehicles will be stung with the additional £410-a-year 'luxury car' premium tax when VED exemption ends next year
8 months ago

Seven in ten electric vehicles will be stung with the additional £410-a-year 'luxury car' premium tax when VED exemption ends next year

Daily Mail  

The end of electric vehicle car tax exemptions from next year could kill off demand for greener cars in Britain, a new report is warning. Auto Express said it will 'create further cost barriers' preventing the switch to battery cars In the Autumn Budget of 2022, former Chancellor Jeremy Hunt announced that electric cars will no longer be exempt from …

US automakers pump the brakes on EV plans
8 months ago

US automakers pump the brakes on EV plans

China Daily  

A tire rim on a vehicle at a Ford Motor Co dealership in Colma, California, US, on Feb 1, 2021. Ford Motor outlined plans on Thursday to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-powered versions of its flagship F-Series pickup truck. Ford had already delayed the launch of the planned …

US automakers pump the brakes on EV plans
8 months ago

US automakers pump the brakes on EV plans

China Daily  

A tire rim on a vehicle at a Ford Motor Co dealership in Colma, California, US, on Feb 1, 2021. Ford Motor outlined plans on Thursday to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-powered versions of its flagship F-Series pickup truck. Ford had already delayed the launch of the planned …

GM scales back EV ambition in North America
8 months, 1 week ago

GM scales back EV ambition in North America

China Daily  

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, US, on March 16, 2021. General Motors has given up its previously announced target that it would have 1 million units of electric vehicle production capacity in North America by the end of 2025. GM CEO Mary Barra said earlier at an event …

Ford confirms it will cull another of its best-selling petrol cars next year to accelerate its shift to EVs despite demand slump
10 months, 2 weeks ago

Ford confirms it will cull another of its best-selling petrol cars next year to accelerate its shift to EVs despite demand slump

Daily Mail  

Ford will go ahead with plans to kill off another of its hugely popular petrol models after 2025 to accelerate its switch to electric vehicles, despite a monumental drop in demand for EVs in recent months. The Mondeo was culled back in 2022 Production of both the Galaxy and S-Max MPVs came to an abrupt end last year On 7 …

Ford to delay production of new electric pickup and large SUV as US EV sales growth slows
11 months, 3 weeks ago

Ford to delay production of new electric pickup and large SUV as US EV sales growth slows

The Hindu  

With U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup. The Dearborn, Michigan, company said Thursday that a much ballyhooed new electric pickup to be built at a new factory in Tennessee will be …

Ford Motor delays launch of new EV to let market further develop
11 months, 3 weeks ago

Ford Motor delays launch of new EV to let market further develop

Live Mint  

Ford Motor said it is delaying the launch of a new three-row electric vehicle, which will buy time for the consumer market for EVs to further develop. Ford said it will still produce the EV at its Oakville Assembly Plant in Canada, which Ford is planning to overhaul from gas-vehicle production to an EV manufacturing plant. “We are committed to …

Ford to delay production of new electric pickup and large SUV as US EV sales growth slows
11 months, 3 weeks ago

Ford to delay production of new electric pickup and large SUV as US EV sales growth slows

Associated Press  

DETROIT — With U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup. The Dearborn, Michigan, company said Thursday that a much ballyhooed new electric pickup to be built at a new factory in Tennessee …

Japan’s Nissan promises an aggressive electrification push to cut costs and boost global sales
1 year ago

Japan’s Nissan promises an aggressive electrification push to cut costs and boost global sales

Associated Press  

TOKYO — Nissan will expand its electric vehicle lineup, develop more powerful batteries and cut production costs, while speeding up the whole process, in what the Japanese automaker’s chief called “The Arc” pathway to higher sales by 2030. Last year, Nissan Motor Co. sold nearly 3.4 million vehicles around the world, up about 5% from the previous year. Nissan plans …

Mercedes-Benz delays electrification goal, beefs up...
1 year, 1 month ago

Mercedes-Benz delays electrification goal, beefs up...

Daily Mail  

Mercedes-Benz has joined Ford and General Motors in delaying its goal to produce fully electric vehicles by 2030, citing slowing consumer demand and overly ambitious goals. Mercedes’ shift accompanies General Motors' goal in 2021 that its vehicles would be fully electric by 2025 and Ford’s announcement last month that it is slowing EV development. Mercedes is downsizing its original plans …

Ford beats earnings expectations despite rising labor cost
1 year, 1 month ago

Ford beats earnings expectations despite rising labor cost

New Indian Express  

NEW YORK: US automaker Ford topped earnings expectations in the fourth quarter of 2023 and is forecasting higher profits this year despite greater labor costs and losses in its electric vehicle segment, according to a financial report released Tuesday. The company reported adjusted earnings per share of 29 cents for the fourth quarter, above analyst estimates, while revenue came in …

Electric Vehicle Sales Growth Is Slowing Globally. Here’s Why
1 year, 1 month ago

Electric Vehicle Sales Growth Is Slowing Globally. Here’s Why

Bloomberg  

With road transportation accounting for about 15% of greenhouse gas emissions, transitioning to cleaner vehicles is a linchpin in national efforts to meet climate-change mitigation targets. Governments have encouraged a transition to electric vehicles with massive subsidies, and legacy carmakers are changing their offerings in a slow farewell to the combustion-engine era. According to BloombergNEF, sales of all-electric vehicles plus …

GM made $10B last year despite autoworkers strike, says it will bring back plug-in hybrids to US
1 year, 1 month ago

GM made $10B last year despite autoworkers strike, says it will bring back plug-in hybrids to US

Associated Press  

DETROIT — General Motors’ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers’ strike. Chief Financial Officer Paul Jacobson told reporters that GM is preparing for a 2% to 2.5% average sales price drop on vehicles this year compared to last year as inventory grows …

Biden's EV dream falls flat: Ford slashes production of its F-150 Lightning electric truck citing weaker-than-expected demand for EVs
1 year, 2 months ago

Biden's EV dream falls flat: Ford slashes production of its F-150 Lightning electric truck citing weaker-than-expected demand for EVs

Daily Mail  

Automakers are grappling with limited demand for EVs from consumers Ford is slashing production of its F-150 Lightning electric truck as it cited weaker-than-expected demand for EVs. Ford is slashing production of its F-150 Lightning electric truck as it cited weaker-than-expected demand for EVs The manufacturer said in a statement: 'Ford expects continued growth in global EV sales in 2024, …

'EVs are £700 a year cheaper to keep on the road than petrol cars', green think tank says
1 year, 2 months ago

'EVs are £700 a year cheaper to keep on the road than petrol cars', green think tank says

Daily Mail  

Owning an electric vehicle instead of a petrol car could save drivers around £10,000 over a decade and a half, according to a green think tank. Switching to electric could save owners up to £700 a year compared to driving a petrol car, a green think tank has estimated: Pictured, an electric Hyundai Ioniq5 While the upfront cost of new …

Is 2024 a good time to buy a vehicle? Here’s the projection
1 year, 2 months ago

Is 2024 a good time to buy a vehicle? Here’s the projection

LA Times  

Consumers looking for new vehicles should have better luck in 2024, with inventory levels expected to be higher, putting downward pressure on prices, experts say. Jonathan Smoke, chief economist at Cox, said there’s “no question” 2024 will be a better time to buy. It’s the lost middle area that concerns me.” If those vehicles turn electric without increases in consumer …

More US auto buyers are turning to hybrids as sales of electric vehicles slow
1 year, 3 months ago

More US auto buyers are turning to hybrids as sales of electric vehicles slow

Associated Press  

DETROIT — America’s automakers have staked their futures on the notion that electric vehicles will dominate sales in the coming years, spurred by buyers determined to reduce carbon emissions and save on fuel. “I think the hybrid gives them what they’re most looking for.” A LOWER PRICE EV prices have being dropping, mainly a consequence of federal tax credits and …

Automakers, dealers and shoppers dawdle on EVs despite strong year in US sales growth
1 year, 3 months ago

Automakers, dealers and shoppers dawdle on EVs despite strong year in US sales growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Automakers, dealers and shoppers dawdle on EVs despite strong year in US sales growth
1 year, 3 months ago

Automakers, dealers and shoppers dawdle on EVs despite strong year in US sales growth

Associated Press  

Despite new electric vehicle market share and sales hitting a record in the U.S. this year, EV growth is starting to slow and fall short of the auto industry’s lofty ambitions to transition away from combustion engines. Although there is interest in EVs, Richard Bazzy, who owns three Ford dealerships in suburban Pittsburgh, said many customers tell his sales staff …

GM believes it will start making money on electric vehicles in 2025 as higher margin models arrive
1 year, 3 months ago

GM believes it will start making money on electric vehicles in 2025 as higher margin models arrive

Associated Press  

DETROIT — General Motors is losing money on every electric vehicle it sells, but the company says it’s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing, and sees battery cost reductions. That’s what Chief Financial Officer Paul Jacobson told analysts at a Barclays conference …

Nissan will invest $1.4 billion to make EV versions of its best-selling cars at its UK factory
1 year, 4 months ago

Nissan will invest $1.4 billion to make EV versions of its best-selling cars at its UK factory

Associated Press  

LONDON — Nissan will invest $1.4 billion to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country’s ailing economy. “Nissan’s investment is a massive vote of confidence in the U.K.’s automotive industry,” which contributes 71 billion pounds a year to the …

Tesla joins GM, Ford in slowing EV factory ramp as demand fears spread
1 year, 5 months ago

Tesla joins GM, Ford in slowing EV factory ramp as demand fears spread

The Hindu  

Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle production capacity, citing economic uncertainties and underscoring fears of a slowdown in demand. Tesla CEO Elon Musk said he was worried that higher borrowing costs would prevent potential customers from affording its vehicles despite substantial price cuts, and that he would wait for clarity on …

Ford is losing a lot of money in electric cars — but CEO Jim Farley is charging ahead
1 year, 7 months ago

Ford is losing a lot of money in electric cars — but CEO Jim Farley is charging ahead

NPR  

Ford is losing a lot of money in electric cars — but CEO Jim Farley is charging ahead Enlarge this image toggle caption Bill Pugliano/Getty Images Bill Pugliano/Getty Images LAS VEGAS, Nev. — Jim Farley, the CEO of Ford, was pulling a U-turn in an electric vehicle. "One of the biggest growth opportunities for us was our plant in Cologne, …

Ford 2Q profit surges on strong revenue, but company faces electric vehicle growing pains
1 year, 7 months ago

Ford 2Q profit surges on strong revenue, but company faces electric vehicle growing pains

Associated Press  

DETROIT — Ford Motor Co.'s second-quarter profit more than tripled to $1.92 billion versus a year ago on strong internal combustion and commercial vehicle sales, but losses grew along with growing pains in the electric vehicle business. Sales in the U.S., Ford’s most lucrative market, rose 10% last quarter, But Ford backed away from ambitious milestones for building electric vehicles …

New electric vehicle charging network being built by major automakers could lure more buyers to EVs
1 year, 8 months ago

New electric vehicle charging network being built by major automakers could lure more buyers to EVs

Associated Press  

DETROIT — The announcement Wednesday that seven major automakers are joining to build a large North American electric vehicle charging network should pull people off the sidelines to at least consider shifting away from gas-powered vehicles. The automakers said in a joint statement Wednesday that they want to build the “leading network” of reliable high-powered charging stations in North America. …

EV Sales Hit a Record in the US. Now Their Popularity May Be Waning
1 year, 8 months ago

EV Sales Hit a Record in the US. Now Their Popularity May Be Waning

Wired  

This story first appeared on Grist, a nonprofit media organization covering climate justice and solutions. Analysts at Wards Intelligence and Cox Automotive reported that consumers bought nearly 300,000 EVs between the beginning of April and the end of June. “​​There are some vehicles that are intriguing enough to buyers that you don’t need a rebate,” says Christie Schweinsberg, a sustainability …

Ford cutting several hundred white-collar jobs to reduce cost amid transition to electric vehicles
1 year, 9 months ago

Ford cutting several hundred white-collar jobs to reduce cost amid transition to electric vehicles

Associated Press  

DEARBORN, Mich. — Ford Motor Co. is going through another round of white-collar job cuts as the company continues to reduce costs amid a transition to electric vehicles. The company has reorganized itself into three business units, Ford Model e for electric vehicles, Ford Blue for vehicles with combustion engines and Ford Pro for commercial vehicles. Ford’s electric vehicle business …

Toyota to invest $2.1 billion more in N.C. battery plant, will build big SUV at factory in Kentucky
1 year, 9 months ago

Toyota to invest $2.1 billion more in N.C. battery plant, will build big SUV at factory in Kentucky

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Susan Elkington, president of Toyota Motor Manufacturing Kentucky, said …

Ford seen laying off 1,300 workers in China, local media reports
1 year, 10 months ago

Ford seen laying off 1,300 workers in China, local media reports

Live Mint  

Ford Motor Co. plans to cut jobs in China, potentially by more than 1,300, as its sales decline in the world’s biggest car market, local media including Economic Daily News reported. Ford’s wholesales in China fell below half a million units for the first time in a decade in 2022, continuing a slide since 2016, when the US automaker shipped …

Toyota Accelerates EV Revamp With Extra $7 Billion Investment
1 year, 10 months ago

Toyota Accelerates EV Revamp With Extra $7 Billion Investment

Live Mint  

TOKYO—Toyota’s new management, looking to make up lost ground in electric vehicles, said it would add billions of dollars in spending to reach EV targets. Toyota said Wednesday it would invest an additional ¥1 trillion, equivalent to $7.4 billion, in EVs through 2030, bringing Toyota’s total planned outlays for the period to around $37 billion. The automaker estimates it will …

Tesla raises 2023 spending forecast as it races to ramp up output
1 year, 11 months ago

Tesla raises 2023 spending forecast as it races to ramp up output

Live Mint  

Tesla Inc raised its capital expenditure forecast for 2023 on Monday as the automaker ramps up output at its factories to take advantage of the rising interest in electric vehicles. The company, led by Elon Musk, said in a filing that it expects to spend between $7 billion and $9 billion this year, higher than its previous outlook of $6 …

Toyota plans to sell 1.5 million EV’s by 2026, introduce ten new models
1 year, 11 months ago

Toyota plans to sell 1.5 million EV’s by 2026, introduce ten new models

India TV News  

During his first press conference, Toyota Motor Corp.'s new CEO Koji Sato announced the beginning of a long-awaited plan to electrify the automaker's car lineup. The automaker, which frequently describes itself as a mobility company with the mission of changing the future of automobiles, declared on Friday that it would sell 1.5 million battery electric vehicles annually and introduce 10 …

Ford Tennessee Plant to Produce 5 Lakh Electric Pickup Trucks Per Year
2 years ago

Ford Tennessee Plant to Produce 5 Lakh Electric Pickup Trucks Per Year

News 18  

Ford said Friday that its assembly plant under construction in western Tennessee will be able to build up to 500,000 electric pickup trucks a year at full output, part of the automaker’s drive to produce 2 million electric vehicles worldwide annually by late 2026. The automaker said its second-generation electric truck is “code named Project T3,” and Ford CEO Jim …

Discover Related