Ford plans to sell over 100,000 units of its new Fathom electric truck in its first production year, priced around $30,000. The Fathom features Apple Maps integration and Ford's hands-free BlueCruise system, with more passenger space than the Toyota RAV4. Meanwhile, Nvidia acquired AI platform Hugging Face for $12.9 billion, reinforcing its AI leadership. New York City will ban generative AI use in public elementary and middle schools for one year starting 2026. Société Générale suggests buying dips in stocks amid expected Fed rate hikes if the yield curve stays uninverted.
Ford recently launched its Fathom electric vehicle with a bold target of 100,000 sales in its first year at around $30,000 each. However, the company faces significant hurdles including declining US EV sales, reduced federal tax incentives, consumer ...
Tesla's Cybertruck, launched at nearly $120,000, was labeled the biggest flop in automotive history due to weak sales and pricing issues. Now, Range Rover is entering the high-end electric vehicle market with its $138,000 electric SUV, aiming to avoi...
Ford is increasing production of its F-Series pickup trucks following disruptions caused by fires at an aluminum supplier last year. Production in August reached the highest monthly level in two years, signaling a recovery in supply. Despite this, Fo...
The US has imposed tariffs on $20 billion of Canadian goods, including cars made by Ford and GM in Canada, effective January 1, 2027. These tariffs will increase costs for the automakers, who have already faced significant commodity and tariff headwi...
President Donald Trump defended his decision to impose 50% tariffs on $20 billion worth of Canadian goods, accusing Canada of unfair trade practices and urging Canadian companies to relocate to the US. He credited tariffs with reviving the American a...
