Ford Motor Co. is raising the price of its electric truck F-150 Lightning Pro for the 2023 year model by nearly 11 percent, seeking to cushion the hit from ongoing supply chain snags and decades-high inflation, a spokesperson for the automaker said on Wednesday. The price of the new model has been set at $51,974…
Ford Pitches for Fresh Trial After $1.7 Billion Jury Verdict in Truck Rollover Mishap
Ford Motor Co. urged a Georgia court for a new trial after a jury reached a $1.7 billion verdict against the automaker involving a truck rollover accident that left two people dead. Ford claimed unfair preclusion from providing evidence that would have demonstrated the truck involved was safe, with a more robust roof structure than…
Ford to Invest $700 Million, Add 500 Jobs at Louisville Truck Plant
LOUISVILLE, Ky.—Ford will invest $700 million mainly at its Kentucky Truck Plant in Louisville, creating about 500 new jobs over the next four years. The company made the announcement Tuesday after a state board approved incentives for Ford’s investment in the state. Most of the money will go to retool the truck plant, which makes…
Is China Becoming the World’s Loan Shark?; Twitter Lawyers to Question Elon Musk | NTD Business
The legal battle between Twitter and Elon Musk is heating up. Twitter lawyers will soon get the chance to question the world’s richest man. Automaker Ford’s stock suffers its worst day in over a decade, as supply chain issues are set to take a big bite out of its profit. A U.S. Treasury official takes…
Ford Recalls SUVs; Heating and Cooling Fans Can Catch Fire
DETROIT—Ford is recalling nearly 200,000 large SUVs in the United States because the heating and cooling fan motors can fail and catch fire. The recall covers Ford Expeditions and Lincoln Navigators from the 2015 through 2017 model years. The Dearborn, Michigan, company says in government documents that it has reports of 25 fires caused by…
Ultimate Do-It-All Vehicles: Luxury Four-Door Pickups
If you can imagine a posh sedan that could go from the country club valet lot to an off-road campsite, you’ve got the basic idea of a luxury four-door pickup truck. Be advised, the manufacturer’s suggested retail prices shown don’t reflect optional equipment. (Courtesy of Ram Trucks) King of the Road Dodge Ram 3500 $44,520…
Ford Delays Spanish Investments, Citing ‘Revised Outlook for Europe’
BARCELONA, Spain—Ford said on Wednesday it is delaying its production investments in Spain, citing a “revised outlook for Europe” but said it remained committed to its plant in Valencia, where it announced plans in June to produce electric vehicles (EVs). The U.S. carmaker said in a statement it will not ask for a share of…
Whistleblower Claims Twitter Lied to Musk; Ford Cuts 3,000 Jobs in Pivot to EVs | NTD Business
A former Twitter executive turns whistleblower. He alleges terrible security standards at the tech giant—and says the company has been lying and trying to hide its state of security. Ford is cutting thousands of jobs as it tries to catch up with electric automaker Tesla. The Chinese military could be getting stronger because of U.S. tech…
Ford Cutting Around 3,000 Jobs as It Tackles ‘Uncompetitive’ Cost Structure Amid Soaring Inflation
Ford will be cutting around 3,000 jobs globally, according to an internal company email, with the move coming amid long-running speculation that the automaking giant was looking to reduce headcount as it seeks to address its “uncompetitive” cost structure as inflation has soared. Top executives at Ford announced the layoffs in an Aug. 22 letter…
EV Credits Ended for About 70 Percent of Previously Eligible Models
August 17, 2022
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Business & MarketsCompaniesElectric vehicle tax creditsFordGeneral Motors CoinflationInflation Reduction Act of 2022Marketssupply chain issuesUSUS News
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More than two-thirds of electric vehicles (EVs) on sale in the United States may no longer be eligible for tax credits after President Joe Biden signed into law the Inflation Reduction Act. According to the Alliance for Automotive Innovation, there currently are 72 EV models available for purchase in the country. Before the Inflation Reduction…
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