Ford is pushing forward with its Universal Electric Vehicle (UEV) platform, designed to transform its EV business from billions in losses to breakeven by 2029. The first UEV-based product is a $30,000 midsize electric pickup truck launching next year, targeting affordability and competitiveness against Chinese and Tesla EVs. Despite industry headwinds, restructuring charges, and the departure of a key EV executive, Ford remains committed to innovation with a new development center in Long Beach, California, focusing on faster, cost-efficient EV production. The UEV platform aims to reduce parts and assembly complexity, leveraging new battery tech and manufacturing methods to compete globally while prioritizing the North American market initially.
Ford is recalling 387,911 SUVs, including 2020-2026 Ford Explorer and 2020-2027 Lincoln Aviator models, due to a defect in the second-row easy-entry seats. The issue may cause seats to tip or slide unexpectedly while driving, increasing injury risk i...
Several Ford workers have been fired over alleged thefts of snacks at self-checkout kiosks inside the company's Michigan factories, with some later reinstated after investigations cleared them. Workers report frequent malfunctions with the kiosks, in...
TSMC and ASML have confirmed that demand for AI memory remains exceptionally strong, but industry supply growth is limited by fully booked EUV capacity through 2028. The US and Japan are investing billions to support Micron Technology's manufacturing...
BlackRock, Carhartt, Ford Motor Company, and Google have formed the Alliance for America's Skilled Trades to expand access to skilled trades training and address the growing shortage of skilled labor in the US. This coalition aims to create pathways ...
General Motors will report its second-quarter earnings before the market opens, with analysts expecting adjusted earnings per share of $3.20 and revenue of $47.01 billion. This would represent a 26% increase in earnings per share but a slight 0.2% de...
