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The Latest Breaking News from Jim Farley

Ford CEO Suggests A Road-Legal Mustang GT3 Might Be Considered

Jim Farley asked an interesting question on Twitter.

Motor1

Ford Mustang GT3 breaks cover ahead of 2024 debut

The car based on the seventh-generation Mustang and developed by Ford Performance in conjunction with Multimatic Motorsports is undertaking it first track miles at Sebring over the course of a three-day test this week.

Autosport

Ford returns to F1

Ford has announced that after more than two decades it's returning to Formula 1, entering into a strategic technical partnership with Red Bull Powertrains.

Bangkok Post

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After earnings miss, Ford execs discuss how to fix $7B-$8B cost disadvantage

Ford Motor Co. executives on Wednesday provided greater insight into costs that are weighing on the Dearborn automaker's financial results, with CEO Jim Farley saying "fundamental change" is needed, especially around how vehicles are engineered, sourced and built.

Tribune News Service

Ford to cut 3,800 jobs in Europe amid shift to EV future

Ford Motor Co. plans to cut 3,800 jobs in Europe, a move the Dearborn automaker announced Tuesday as part of a broader effort to revitalize its Europe business amid "rapidly changing market conditions" and an increasingly competitive electric-vehicle market.

Tribune News Service

Ford chooses US for federal incentives. Experts say it's just the beginning

WASHINGTON — Ford Motor Co. first considered sites in Canada, Mexico and elsewhere for the $3.5 billion battery plant it plans to build in Michigan, company officials said Monday, but hefty new incentives in the Inflation Reduction Act pushed them to choose the United States.

Tribune News Service

Ford Teases Front End Of High Performance F-150 Lightning Demonstrator

The new super truck will probably never be produced, but the one-off example will demonstrate what the platform is capable of.

InsideEVs

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Ford's Jim Farley, Jimmy Fallon, “Checo” Pérez Race Electric Go-Karts

On the heels of Ford's related announcements, the video features Jimmy Fallon racing world-famous Formula 1 driver Sergio "Checo" Pérez in electric go-karts.

InsideEVs

Ford’s CEO is the new face of a more ‘efficient’ corporate America after getting candid and hinting at more layoffs: ‘It takes us 25% more engineers to do the same work’

CEOs are channeling their companies' economic woes into a push for greater efficiency.

Fortune

Why the time was right for Ford's F1 return with Red Bull

Some 22 years after pulling the plug out of Jaguar and handing the keys to a certain Dietrich Mateschitz, the paths of Ford and Red Bull have crossed again. And their 2026 Formula 1 alliance makes sense for both parties.

Motorsport

Ford, Red Bull Working On A New EV That's "Strategically Important"

Ford CEO Jim Farley said so in an interview, though it's still open to interpretation.

Motor1

Ford to launch Formula 1 comeback after 20 years

Ford Motor Co. on Friday is returning to Formula 1 after more than 20 years, and just weeks after crosstown rival General Motors Co. said it was joining forces with Andretti Global to launch a bid to compete in one of the world's most prestigious motor races.

Tribune News Service

Tesla launched an EV price war. How Ford is firing back

In January, Tesla Inc. launched the opening salvo in what experts have described as an EV price war when it slashed its pricing by as much as 20%.

Tribune News Service

Future Ford EVs "Deep Into Development," Will Use Smaller Batteries

Ford's next-generation EVs will be "radically simplified" with fewer body styles, fewer orderable combinations, and smallest possible battery size.

InsideEVs

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Evening Standard

Ford set for Formula 1 return after 20-year absence as Red Bull engine partner

One of F1’s most successful names has not competed in the sport since 2004

Fortune

End of the EV premium? Deflation hits car industry as Ford ups stakes in price war with Tesla

After Elon Musk threw down the gauntlet with his price cuts earlier this month, the pressure is on for rivals to follow suit.

Motor1

Ford CEO Jim Farley To Race Mustang GT4 In Roar Before The Rolex 24

He’ll race at Daytona International Speedway.

Zenger

‘God, We Were Lucky’: Ford CEO Shares Family Tidbit About Chris Farley And ‘Tommy Boy’

Some knew that Jim Farley was the cousin of the late movie star Chris Farley and former professional hockey player Tripp Tracy.

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Motorsport

Motorsport world pays tribute to “visionary” Ken Block

Ken Block will be remembered as a “visionary”, a 'true legend” and an “inspiration' as the motorsport world paid tribute to the rally star following his tragic death.

Tribune News Service

Ford EV sales program attracts two-thirds of dealers, CEO Farley says

DETROIT — Roughly two-thirds of Ford Motor Co.'s dealer network in the U.S. has opted to participate in a new — and, to some, controversial — certification program governing how dealers handle electric vehicle sales.

Tribune News Service

Ford drives new dealer EV standards amid pushback — as Wall Street watches

Ford Motor Co. is moving forward with new standards governing how its retail network can sell electric vehicles amid some pushback from dealers — even as experts say the success of the EV strategy partly will depend on how the rollout goes.

InsideEVs

CEO Jim Farley: Ford To Produce EV Components In-House For Success

Ford aims to be the top dog when it comes to EVs. This means tweaking strategies to figure out what works, such as moving EV part production in-house.

Chicago Sun-Times

Ford quality chief retires as CEO tries to boost reliability

Ford Motor Co.’s top quality executive, Stuart Rowley, is retiring as the company continues to struggle with high warranty claims and reliability issues.

InsideEVs

New Tax Credit A "Game Changer" For Ford's Commercial EVs: CEO

The Inflation Reduction Act adds a tax credit of up to $7,500 for light commercial EVs from 2023, with no restrictions on battery sourcing or manufacturing.

Benzinga

Is Self Driving Dead? Tesla Gets Sued, Ford Shuts Down Argo AI - But Mobileye IPOs

Imagine this morning commute: You're in the car, sipping coffee with one hand and browsing the morning news with the other. In fact, you’re in the driver’s seat but you're not steering. The streets are safe and accident-free; traffic flows smoothly. You’re so glad someone invented autonomous cars.

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