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 has announced a recall of 255,404 Ford Focus vehicles from model years 2012 to 2018 due to a potential engine stall issue caused by a malfunctioning canister purge valve (CPV). The problem stems from a prior recall where the correct software fix...
Ford is recalling over 548,000 Ford Expedition vehicles from model years 2018 to 2024 due to a center console defect where chrome plating may bubble and peel, creating sharp edges that can injure occupants. The defect, linked to parts suppliers Xin P...
Tesla's market cap nears $1.5 trillion, making it the 9th most valuable company globally and far surpassing traditional automakers like Toyota and Ford. Despite this, Tesla's EV sales growth is modest and lagging behind some competitors, with only a ...
Ford has shifted away from costly electric vehicle plans to launch Ford Energy, producing lithium-ion phosphate batteries for large-scale energy storage, partnering with China's CATL. This move has increased Ford's stock by over 20% recently. However...
Bank of America and Ford both show bullish technical signs, but Bank of America is a stronger choice for retirement portfolios due to its reliable dividend growth, substantial buyback program, and lower risk profile. Ford offers a higher yield but co...
