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The Latest Breaking News from Jim Farley

Automakers Call For Gradual Tax Credit Phase-Out Instead Of Trump’s Rug Pull

Automakers have spent the last few years betting billions on the EV race. New factories, robust supply chains and big battery plans peppered not just across the globe, but also planted deep within America's auto manufacturing belts. But now, with President Trump at the helm and Tesla CEO Elon Musk on…

Trump tariffs are "chaos" for carmakers

Trump tariffs are "chaos" for carmakers

Trump signed an executive order that puts a 25% tariff on all foreign steel and aluminum imports

Trump steel, aluminum imports likely to drive up car costs, industry leaders say

Trump steel, aluminum imports likely to drive up car costs, industry leaders say

President Donald Trump's tariffs on steel imports this week are likely to wreak havoc on American auto manufacturing, industry leaders say

The Independent UK

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Ford CEO Says Trump Policy Uncertainty Creating Chaos

The Trump administration's tariff threats and animosity towards electronic vehicles are producing a "lot of cost and a lot of chaos" said Tuesday.

International Business Times

Trump Causing 'A Lot Of Cost And A Lot Of Chaos' In Auto Market: Ford CEO

Donald Trump wants to be a business-friendly president. The main problem so far, however, is that his policies don't match that pitch. He sent the stock market into a tail-slide when he announced 25% tariffs on Canada and Mexico, only to delay them right before they took effect. Ford CEO…

Ford CEO: We Have To Beat China In A 'Street Fight'

We hear it all of the time. "The only reason that China's auto industry is so far ahead on electric vehicles is because it was so heavily subsidized by the government," critics say But that sentence is only partially true. It's certainly accurate that some Chinese automakers are state-owned, and…

Ford CEO Admits Electric Pickup Trucks, SUVs Aren't Good for Towing

Ford debuted its all-electric F-150 Lightning to considerable fanfare a few years ago, and it's sold reasonably well since then. The automaker billed it as a proper full-size truck that could do truck things, including towing big trailers. Technically, that's correct. But it's no secret that several factors work against…

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Trump tariffs will cost U.S. carmakers billions, warns Ford CEO

Trump tariffs will cost U.S. carmakers billions, warns Ford CEO

The biggest winners from Trump’s proposed tariffs, Farley suggested, won’t be domestic automakers but Asian rivals that would face little additional impact.

Ford's CEO Finally Says The Quiet Part Loud About Tariffs

Ford's CEO Finally Says The Quiet Part Loud About Tariffs

Tariffs have been a hot topic over the past two weeks. The number one uncertainty is if those tariffs would be enacted as promised how they would affect the price of ... well, everything, including EVs. And despite all of the dancing around who would be paying for those increased prices, Ford's…

Ford CEO: We Need EREVs Because Americans 'Love Their Big Trucks'

Ford CEO: We Need EREVs Because Americans 'Love Their Big Trucks'

Extended-range electric vehicles will be essential to the American market, Ford CEO Jim Farley said on the company's earnings call Wednesday. The reason is simple: "Americans love their big cars. They love their big trucks," he said.

Ford Says Large Electric Trucks And SUVs Have 'Unresolvable' Problems

Ford Says Large Electric Trucks And SUVs Have 'Unresolvable' Problems

Ford CEO Jim Farley did not mince words while explaining some of the drawbacks of very large, fully electric SUVs and trucks.

Ford CEO: 'Tariffs Would Mean Higher Prices for Customers'

Ford CEO: 'Tariffs Would Mean Higher Prices for Customers'

Earlier this week, the Trump administration on Monday slapped—then rescinded—a 25-percent tariff on imports from Mexico and Canada. The issue will be revisited in a month, but virtually every financial analyst says tariffs would have significant impacts on a variety of US industries.

Which US companies are pulling back on diversity initiatives?

Which US companies are pulling back on diversity initiatives?

A number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed after the Minneapolis police killing of George Floyd

The Independent UK

Ford's European Sales Cratered in 2024

Ford's European Sales Cratered in 2024

Gone are the days when Ford was a force to be reckoned with in Europe. The sales results for 2024 show how drastic decisions to cut models have seriously impacted demand. The European Automobile Manufacturers' Association (ACEA) has published sales data for the previous 12 months, and the numbers are…

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Ford Wants to Be 'The Porsche of Off-Road'

Ford raised eyebrows when it obliterated its car lineup in the United States a few years ago, leaving only the Mustang. The situation is identical in Europe, where the Mondeo (Fusion) and Fiesta are gone, and the Focus will shockingly die this year. Last September, CEO Jim Farley defended these…

Elon Musk Rises, Tesla Slips, China Looms: 2024's Biggest EV Stories

For much of 2024, you probably couldn't go a single week without reading a headline or seeing some TV news story about how the electric vehicle market is "stalling" or "stumbling." And yet, the ongoing transformation of the automotive industry seems to be upending everything in its path.

Ford Mustang GTD Sets Nürburgring Record for Fastest American Car

Update: Added in-car video of the Mustang GTD's full lap at the Nurburgring.

Ford Stock is Massively Underperforming GM This Year, But Could Things Change in 2025?

Ford stock is in the red this year, and is underperforming rival General Motors by a big margin. Could things change for the better for the Blue Oval in 2025?

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GM's Electric Future Looks Bright. Ford On the Other Hand…

Update: The original version of this story noted that Ford is no longer the second-largest EV manufacturer in the US. Ford, as a brand, remains the second-largest EV producer in the US. Only the larger General Motors company (which includes brands like Cadilac, Chevrolet, and Hummer) produces more EVs. The…

International Business Times

Ford To Pause F-150 Lightning Production, Reduce Manager Bonuses Amid Cost Cuts

Earlier this week, Ford announced third-quarter net income of $900 million, or 22 cents per share, which included a $1 billion charge related to the cancellation of a planned three-row electric SUV.

Ford F-150 Lightning Production Hits A Speed Bump

The Ford F-150 Lightning was supposed to be the Blue Oval's big EV win. I mean, you take the best-selling vehicle in the U.S., convert it to electric, and unleash it on the masses. Surely that's a recipe for success, right? And in many ways, it has been—just with sales,…

Ford's Goal For 'Game-Changer' Electric Truck: Match China's EVs

Even though Ford’s F-150 Lightning sales more than doubled in the third quarter of 2024 and even went up 86% year-over-year, the Blue Oval’s EV division is still many billions in the red, according to the recently released Q3 earnings report. While the company’s EVs are doing better (especially the…

Ford Is Now Waging A War On Two Fronts

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).

Ford’s CEO has been driving the competition’s EV for months—and doesn’t want to stop

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

Ford's CEO Doesn't Want To Stop Driving China's Apple Car

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.

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