Ford announced its new midsize electric pickup truck named the 'Fathom,' starting at $28,350 before fees, targeting affordability in the EV truck market. The Fathom will be the first vehicle built on Ford's Universal Electric Vehicle (UEV) platform, designed to improve cost efficiency and profitability by 2029. Preorders for the five-passenger truck begin early 2027, with deliveries expected later that year. This launch is part of Ford's strategy to compete with global EV leaders despite a slowdown in EV adoption and the loss of U.S. consumer incentives.
Tesla is recalling nearly 3 million vehicles in China due to hidden emergency door releases that could trap occupants during crashes or fires. This recall is part of a broader effort involving 11 carmakers, including Xiaomi, Xpeng, and Geely, to inst...
Ford shares dropped 4% after a rally driven by an unconfirmed report about future Bronco models reversed. The initial 4% gain was based on speculation of hybrid and pickup Bronco versions years away, which Ford has not confirmed. Meanwhile, General M...
Tesla and Rivian stocks rose 3% and 4% respectively, leading gains in the electric vehicle sector amid a drop in long-term Treasury yields following a Treasury Department announcement to double debt buybacks. Legacy automakers Ford and General Motors...
General Motors (GM) and Ford both raised their full-year guidance in 2024, but the market favors them differently. GM's aggressive buyback program, including multiple $6 billion repurchases and a 25% dividend increase, drove its stock up significantl...
