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The Latest Breaking News from Jim Farley

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…

Motor1

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…

Motor1

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.

InsideEVs

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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.

Motor1

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?

Barchart

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…

Motor1

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.

International Business Times

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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,…

InsideEVs

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…

InsideEVs

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).

InsideEVs

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.

Fortune

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.

InsideEVs

'I Don't Want to Give It Up.' Ford CEO Jim Farley Loves His Chinese EV

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

Motor1

Why is Ford Stock Trading So Low, and is Tesla to Blame?

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.

Barchart

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International Business Times

Ford Offers Free Chargers, Installation To Lure More Customers Into Buying EVs

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.

Motor1

Ford Wants to Stop Making 'Boring' Cars

The company's CEO says it's not worth investing in the Fiesta and Focus.

Motor1

Ford Calls Chinese Car Companies an 'Existential Threat'

The Blue Oval admits that "these guys are ahead of us."

InsideEVs

'Existential Threat': How China Forced Ford To Get Serious On EVs

Ford's recent decision to push back new EVs is seen as a retreat. But maybe it's a regrouping and reloading instead. Can it work in time?

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The Independent UK

UAW's rift with Stellantis raises fear that some US auto jobs could vanish

U.S. autoworkers warn that a dispute between their union and Stellantis over delays in reopening a shuttered factory in Belvidere, Illinois, is much bigger than that one plant

International Business Times

Ford Sends Memo To Workers About Scaling Back DEI Programs

The automaker is among a number of companies taking a step back amid pressure from conservative groups.

Fortune

Ford is the latest in a series of companies to scale back DEI efforts under pressure from Robby Starbuck

Ford CEO Jim Farley cites evolving political and social beliefs in a memo ending diversity quotas.

Barchart

1 Dividend Stock Yielding Over 5% to Buy Before the September Rate Cut

With the Fed expected to cut rates at the September meeting, Ford looks like a good stock to buy with its over 5% dividend yield.

InsideEVs

This Was Not A Great Week For 'Legacy' Auto—With Two Exceptions

We game out what strategy shifts, software team cuts and lackluster products mean for Ford, General Motors, Volkswagen and more.

InsideEVs

Ford's 'Skunkworks' EV Truck Will Be Midsize, Not Compact

Ford announced lots of EV and hybrid news today. Among them: its secretive California-based truck project may be bigger than expected.

The Guardian - UK

Ford writes off $1.9bn as it cancels plans for all-electric large SUV in US

Carmaker opts to produce hybrid version due to profitability concerns, citing pressure from Chinese EV competition

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