Ford Motor Co (NYSE:F) said vehicle sales volume in the US rose by 21.9% year over year in February to 157,606 vehicles. US internal combustion sales increased 20.5% year over year in February to 144,926 units, while US electric vehicle sales were 68.1% higher at 3,523 units and hybrid vehicle sales rose 32.9% to 9,157 … Read more
Ford Motor Co (NYSE:F): The company plans to invest $3.5 billion in a battery plant in Marshall, Michigan, USA. The company has the option to expand the capacity of the battery plant. Initially scheduled to start production in 2026, the plant will employ 2,500 people.
Ford Motor Co (NYSE:F) further reduced its stake in electric car maker Rivian according to SEC public filings. Ford currently owns 1.15% of Rivian (NASDAQ:RIVN), or about 10.5 million shares, according to the filing. At the end of last year, Ford owned 86.9 million shares of Rivian Corp., equivalent to 9.49 percent of the shares.
Ford Motor Co (NYSE:F) CFO: will significantly increase its $3 billion cost-cutting target by 2025.
Ford Motor Co. (NYSE:F) Q4 net profit fell 90% year-over-year to $1.3 billion, and a full-year 2022 net loss of US$2 billion, turning from profit to loss.
On Friday, local time, the U.S. Treasury Department said that after revising the definition of car classification, it will make more Tesla, Ford Motors, General Motors and Volkswagen electric vehicles eligible for tax credits of up to $7,500. Under the $430 billion climate bill approved last August, SUVs can cost up to $80,000 to qualify … Read more
Ford Motor Co. expects new U.S. car prices to fall about 5 percent this year as automakers ramp up discounts, giving consumers a temporary relief from last year’s price shock. Parts shortages have drained dealerships’ vast inventories over the past three years and pushed the average selling price of a new car to a record … Read more
Ford Motor (F.N): U.S. sales in December were 179,279 units, compared to 173,740 units a year earlier. U.S. sales for the full year of 2022 were 1.86 million, compared to 1.91 million in the same period last year.