Ford announced its next-generation electric truck, the Fathom, will launch in fall 2027 starting at $28,350, just under $30,000 with fees. The Fathom is the first vehicle built on Ford's new Universal EV Platform, aiming to compete with Tesla and Chinese EVs by offering advanced tech like Apple Maps, Android Auto, and BlueCruise driver assistance. It features five seats, a large touchscreen, and bidirectional power capability. The truck targets a new customer mindset and represents Ford's strategic bet on electric trucks amid a challenging market. Pre-orders open early 2027, with production in Kentucky.
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...
