The Latest Breaking News from Jim Farley

It seems like the competitiveness in the electric vehicle space is finally paying off as battery-powered cars are finally getting cheaper to make. Battery costs are dropping, material costs are down too, and even the average transaction price of new vehicles seems to be stabilizing a bit (although they're still high).

The Blue Oval CEO previously called its competition an "existential threat."

Jim Farley previously said Chinese EVs are Ford’s biggest competitors.

Ford CEO Jim Farley has been driving an imported Xiaomi SU7 for months. He says it's fantastic, and he doesn't want to give up the Chinese EV.

Farley had a Xiaomi SU7 imported from Shanghai, and he's been driving it for months. He loves it.

Despite being listed for almost seven decades, Ford shares trade at just above $10. The stock is also quite cheap, with a mid-single digits PE multiple. Here's why Ford stock is trading at such depressed levels, and what's to blame - besides Tesla - for the legacy automaker's woes.

Ford has been working with a California-based team on a new line of EVs.

The Blue Oval is undercutting its biggest electric rival on a key feature.

GS analysts think this division of the Blue Oval could be its biggest profit driver.

The deal, which starts Tuesday and runs through Jan. 2, comes as the automaker faces a $5 billion loss on its electric vehicle unit this year.

In a recent interview, he emphasized the need for Ford to build "iconic" cars.