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☆ Hybrid sales are booming — here's why drivers are buying them over EVs
▼ + stars: | 2024-05-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Hybrid sales are booming in the US. In his latest earnings report, the company blamed demand for hybrid vehicles for depressing global EV sales. "We believe this is not the right strategy, and electric vehicles will ultimately dominate the market," he added. "A lot of hybrid electric vehicles now are not far off from their internal combustion engine alternatives. "What we've seen historically is that when gas prices rise, hybrid electric vehicle price or acquisitions rise as well," he told BI.

Persons: —, Elon Musk, Nick O'Brien, O'Brien, EVs, Edmunds, Mark Singer, Tesla, Jeff Buchanan, Buchanan, Singer Organizations: Toyota, Service, EV, General Motors, Ford, Business, Jefferson Community College, Maverick, New York Times, National Renewable Energy Laboratory, Soaring, Singer, US Locations: Edmunds, North America, Kentucky

☆ Ford recalling more than 450,000 vehicles due to potential loss of drive power
▼ + stars: | 2024-04-17 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Ford is recalling more than 450,000 compact SUVs and pickup trucks in the United States because they might lose drive power resulting from a battery issue, the National Highway Traffic Safety Administration said in an alert. The models affected include Ford Bronco Sport SUVs made between 2021 to 2024 and the Ford Maverick pickups made between 2022 to 2023, specifically totaling 456,565 units. The NHTSA said that Ford discovered that an undetected low battery charge could result in a “loss of electrical accessories such as hazard lights, or cause a loss of drive power, increasing the risk of a crash.”“We are committed to ensuring the safety and satisfaction of our customers,” Ford said in a statement to CNN. Customers can also use Ford’s mobile service and pick-up and delivery for a fix. Notification letters will be mailed by May 13 and owners can contact Ford at 1-866-436-7332.

Persons: New York CNN — Ford, Ford, ” Ford Organizations: New, New York CNN, Traffic Safety Administration, Ford Bronco, Ford, NHTSA, CNN, “ Locations: New York, United States, Ford

☆ Ford's hybrid vehicle sales surge to offset EV decline in January
▼ + stars: | 2024-02-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor started the year with a slight increase in sales, as a large jump in hybrid vehicles offset an 11% decline in all-electric cars and trucks. The Detroit automaker on Friday reported sales rose 4.3% last month from January 2023, led by a 43% jump in hybrid sales and 2.6% uptick in traditional vehicles with internal combustion engines. The spike in hybrid sales is part of Ford's plan to double down on the technology. Despite the focus on hybrids, 90% of Ford's sales last month were traditional cars and trucks. Ford's stock has fallen about 1% in 2024.

Persons: EVs, General Motors Organizations: DETROIT, Ford Motor, Detroit, Ford, General

☆ Ford's strong hybrid sales show the company needs to pivot to increase profits
▼ + stars: | 2023-12-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Hybrids "make a ton of money," Jim Cramer said Monday after Ford reported a 75% year-over-year surge in hybrid sales in November to roughly 12,100 vehicles. "Ford should be spewing capital right now," because hybrid vehicles are more profitable than EVs, Jim added. He also suggested that given the new sales numbers Ford could be in better shape than its stock indicates. Perhaps keeping a lid on gains was the 6.5% drop reported in legacy internal combustion engine vehicle (ICE) sales to nearly 124,500 units. Maverick and F-150 trucks drove a 40% increase in hybrid sales in the third quarter, the three months ended in September.

Persons: Jim Cramer, Ford, Jim, Jim Farley, Farley, Jim Cramer's Organizations: Ford, EV, ICE, United Auto Workers, UAW, CNBC, Ford Maverick

☆ 4 reasons why the Tesla Cybertruck already lost its advantage
▼ + stars: | 2023-11-30 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

CNN —The first production Tesla Cybertruck is expected to be delivered today – finally – four years after it was first unveiled. Stellantis’s Ram 1500 Rev electric truck will also go into production in late 2024. The Cybertruck is less than 19 feet long, according to Tesla, which is slightly shorter than other full-size trucks. Ample functional front space has been a big selling point for the Ford truck, in particular. That truck is claimed to provide up to 14,000 pounds of towing, the same figure Tesla originally claimed at the Cybertruck’s unveiling.

Persons: Elon Musk, Tesla, Ford, Stellantis’s Ram, ” Musk, Stellantis Organizations: CNN, General Motors, Chevrolet Silverado EV, Ford Maverick, Ford, GM, Pickup

☆ The F-150 Lightning is fast, fun, and comfortable — and you probably don't need one
▼ + stars: | 2023-11-09 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

The 2023 Ford F-150 Lightning Platinum. The 2023 Ford F-150 Lightning Platinum. The 2023 Ford F-150 Lightning Platinum. The 2023 Ford F-150 Lightning Platinum. AdvertisementAdvertisementThe 2023 Ford F-150 Lightning Platinum.

Persons: —, I've, Ford, Tim Levin, It's, Cruise, spry, Dan Barbossa, Alexander Edwards, Barbossa Organizations: Ford, Service, New, Honda, Strategic Locations: New York City, New York, legroom, Berkeley , California

☆ Ford to double F-150 hybrid pickup production as EV sales growth slows
▼ + stars: | 2023-09-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

In this article F Follow your favorite stocks CREATE FREE ACCOUNT2024 Ford F-150 PowerBoost Platinum hybrid FordDETROIT — Ford Motor plans to double production of a hybrid version of its F-150 pickup truck as the company grapples with slower-than-expected sales of its all-electric vehicles. Ford expects to increase sales of the V-6 hybrid model during the 2024 model year to roughly 20% in the U.S. The automaker declined to release specific production figures, but it likely equates to tens of thousands more of the hybrid vehicles. 2024 Ford F-150 Powerboost Platinum hybrid Ford"We are balancing growth, profitability and returns," Farley said during an earnings call. "I certainly think that hybrid, our PowerBoost hybrid, help folks transition into full electric," Emmert told CNBC.

Persons: Ford, Jim Farley, Farley, Kumar Galhotra, Ford Ford, John Emmert, Emmert Organizations: DETROIT, Ford Motor, Ford, U.S, United Auto Workers, General Motors, UAW, Detroit, Toyota Motor, CNBC Locations: North America

☆ Fisker's new electric pickup is one of the coolest Cybertruck and F-150 Lightning rivals yet
▼ + stars: | 2023-08-04 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

US EV startup Fisker unveiled an electric pickup to take on the Tesla Cybertruck and Rivian R1T. The Fisker Alaska electric pickup truck. The Fisker Alaska electric pickup truck. The Fisker Alaska electric pickup truck. The Fisker Alaska electric pickup truck.

Persons: Fisker, Henrik Fisker, Fisker Fisker, There's, R1T, Ford Organizations: Tesla, Ford, GM, GMC Hummer EV, Toyota, Silverado EV, GMC Sierra EV Locations: Alaska, California, Toyota Tacoma

☆ I would totally buy this $50,000 electric pickup truck that's the size of a Mini Cooper
▼ + stars: | 2023-06-21 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

EV startup Telo's first electric truck. EV startup Telo's first electric truck. EV startup Telo's first electric truck. EV startup Telo's first electric truck. EV startup Telo's first electric truck.

Persons: Telo, Cooper, Ford Organizations: Morning, Toyota, Ford Maverick, Hyundai, Hyundai Santa Cruz, Ford, EV, EPA Locations: Tesla's, American, Toyota Tacoma, Hyundai Santa

☆ The $24,000 Hyundai Santa Cruz is a truck that feels like an SUV. It's also the perfect adventure vehicle.
▼ + stars: | 2023-06-21 | by ( Tim Levin | ) www.businessinsider.com time to read: +7 min

The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz.

Persons: Santa Cruz, Tim Levin, Ford, that's, Ford's, I'd, It's, Apple, it's, I'm Organizations: Santa Cruz, Hyundai, Sporting, Toyota, Ford, Santa Cruz's, Subaru Locations: Santa, Santa Cruz, clothe, Toyota Tacoma

☆ I drove the $20,000 Ford Maverick and found the bare-bones truck proves that less can be more
▼ + stars: | 2023-06-12 | by ( Tim Levin | ) www.businessinsider.com time to read: +7 min

The bare-bones Maverick XL hybrid lacks creature comforts like cruise control and power mirrors. The first time I hopped into the new Ford Maverick pickup, I did what any driver would do in an unfamiliar vehicle. The base Maverick XL, which Ford loaned me for a weekend in December, costs $20,000 before fees, which makes it the cheapest model in Ford's lineup. Ford Maverick XLT ($22,360) : adds cruise control, a nicer interior, power mirrors, an in-bed storage cubby, and other features. During my time with the Maverick XL, I debated whether the stripped-down truck would be worth the sacrifices I'd have to make.

Persons: There's, I'd, Tim Levin, Ford, Ford Maverick, Tom Holland Organizations: Morning, Ford, Maverick, Honda, Ford Maverick XL, Maverick XL, Apple, Android, Environmental Protection Agency, Chevy Silverado, Hyundai, Cruz, — Locations: New York

☆ When Will Gas Prices Go Down?
▼ + stars: | 2023-06-10 | by ( ) www.wsj.com time to read: +10 min

Gas price outlook for 2023When you venture out during the summer travel season, expect gas prices to remain steady through September—mostly due to overseas economic pressures. “When per-barrel prices go up, gas prices go up. By that time, the EIA estimates gas prices will drop to roughly $3.09 per gallon—a near-50-cent price break from today’s prices. Other factors affecting gas pricesWhile supply and demand are the leading factors that dictate oil and gas prices, they aren’t the only players. The Google Maps app also has a gas pump icon under the main search bar that will highlight local gas prices.

Persons: ”, Stuart Katz, Robertson Stephens, “, we’ve, John LaForge, Barack Obama, Biden, Katz, — you’ll Organizations: U.S . Energy Information Administration, Organization of, Petroleum, Energy, Wells, Wells Fargo Investment Institute, Strategic Petroleum Reserve, Bush, Hurricane, International Energy Agency, Treasury Department, State Tax Gas, of, PayPal, Google, Gas, Shell, Exxon, Mobil, Consumer, Lexus, Ford, University of California Locations: Ukraine, Russia, China, Wells Fargo, Persian, West Coast, California, Arizona, Pennsylvania, Mississippi, Washington, Hawaii, Illinois, Alaska, New Jersey, Connecticut, Los Angeles

☆ Best cheap car options in 2023
▼ + stars: | 2023-06-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —You’ve probably seen shocking headlines saying the average price of a new car has reached about $48,000, according to industry analysts like Edmunds.com. The Chevrolet Trax, with a starting price around $20,000, garnered compliments on a recent test drive. The 2023 Kia Rio was rated as the best overall value by Cars.com. “The Nissan Versa [with a manual transmission] is like sixteen and change, and that’s a really, really pretty nice car,” said Quiroga. “But if you’re if you’re willing to persist and stick to your budget, you absolutely can [find a good inexpensive car] if you can keep an open mind.”

Persons: CNN — You’ve, Ford Maverick, Ford “, ”, Tony Quiroga, you’re, Jane Ulitskaya, Kia Rio, Cars.com, Driver’s Quiroga, Zach Gale, ” Gale, Quiroga, Gale, “, it’s Organizations: CNN, Chevrolet Trax, General Motors, Trax, Chevrolet, Ford, Apple, Cars.com, Kia, Android, Ford Maverick XL, Co, MotorTrend’s, Nissan

☆ Ford reveals its new global pickup truck
▼ + stars: | 2023-05-10 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —In America, “Ford truck” usually means the F-series, the best-selling truck here for decades. But in many parts of the world, it probably means the Ford Ranger. In terms of size and capabilities, it fits between the big F-150 and the small, car-like Ford Maverick. The Ranger Raptor, which will have big 33-inch diameter tires, is designed for high-speed off-road driving. The previous generation Ford Ranger was available in other markets for many years before Ford finally decided to sell it in North America.

☆ Some cars, including the Toyota Corolla and Ford Bronco, are worth up to $8,000 more used than if they were new
▼ + stars: | 2023-04-11 | by ( Alexa St. John | Tim Levin | ) www.businessinsider.com time to read: +4 min

But there are 14 used cars that cost more than their new versions, per a new iSeeCars analysis. A lightly used Toyota Sienna or Kia Carnival could cost thousands more than they do new. ToyotaToyota Corolla HybridUsed price: $27,809Difference used over new: $2,038Toyota SiennaUsed price: $50,978Difference used over new: $1,806The 2022 Toyota RAV4 Prime XSE. Tim Levin/InsiderToyota RAV4 PrimeUsed price: $51,298Difference used over new: $1,726Toyota Corolla CrossUsed price: $30,636Difference used over new: $853The Kia Carnival. HondaHonda Accord HybridUsed price: $34,704Difference used over new: $152Chevrolet CorvetteUsed price: $84,827Difference used over new: $324Kia RioUsed price: $20,135Difference used over new: $27Honda AccordUsed price: $30,404Difference used over new: $16

☆ Factbox: As Tesla prepares a Mexico plant, a look at auto plants in Mexico
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +3 min

[1/2] A general view shows the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. REUTERS/Daniel BecerrilFeb 28 (Reuters) - Mexico has long been a manufacturing hub in North America for multiple automakers, and the country is trying to position itself for the wave of electric vehicles (EVs) to come. The auto sector is a driver of Mexico's major manufacturing industry, which is heavily integrated into U.S. and Canadian supply chains. Mexican officials on Tuesday said Tesla Inc (TSLA.O) is the latest automaker with plans to build a plant in Mexico. Here are major automakers with plants in Mexico -General Motors Co (GM.N)Silao Plant in the central city in Guanajuato state, produces Chevrolet and GMC full-size pickup trucksRamos Arizpe Plant in the northern city in Coahuila state, builds the Chevrolet Equinox and Blazer SUVs now and will build the 2024 Blazer EV and Equinox EVSan Luis Potosi Plant in the state capital of the central state of San Luis Potosi, produces the Chevrolet Equinox and GMC TerrainFord Motor Co (F.N)Cuautitlan Assembly plant in the central city of Cuautitlan Izcalli, produces Ford Mustang Mach-EHermosillo Assembly Plant in the state capital of the northern state of Sonora, produces Ford Bronco Sport and Ford MaverickToyota Motor Corp (7203.T)Toyota Motor Manufacturing de Baja California in the northern border city of Tijuana, Baja California, produces the Toyota Tacoma pickupToyota Motor Manufacturing de Guanajuato in Apaseo el Grande, Guanajuato, produces the Toyota TacomaStellantis (STLAM.MI)Saltillo Truck Assembly Plant in the state capital of Coahuila, produces Ram light and heavy-duty pickupsSaltillo Van Assembly Plant, makes the Ram ProMaster vanToluca Assembly Plant, produces the Jeep CompassNissan Motor Co (7201.T)Nissan Mexicana (Cuernavaca) in the central city of Jiutepec, produces NP300 pickup truckNissan Mexicana (Aguascalientes 1 Plant) in the central city of Aguascalientes, produces March, Versa, KicksNissan Mexicana (Aguascalientes 2 Plant), produces SentraNissan also has a joint venture plant with Mercedes (MBGn.DE) in Aguascalientes, making the Infinti QX 50 and 55 SUVs, and Mercedes GLB SUVHonda Motor Co (7267.T)Honda de Mexico (HDM) in Celaya, Guanajuato, produces HR-VVolkswagen (VOWG_p.DE)Volkswagen de México in Sanctorum, Puebla, produces Jetta, Tiguan, TaosVW's Audi unit in San José Chiapa, Puebla, produces Audi Q5 premium SUV and plans to start manufacturing EVs by 2027Mazda Motor Corp (7261.T)Mazda de Mexico Vehicle Operation (MMVO) in Salamanca, Guanajuato, produces Mazda2, Mazda3, Mazda CX-30Kia AmericaHyundai Motor Co's (005380.KS) Kia has a plant in Pesqueria, Nuevo Leon, produces Kia Forte, RioBMW AGBMW Plant in San Luis Potosi, produces BMW 3 Series, 2 Series and will produce fully electric "Neue Klasse" modelsSOURCES: Carmakers and Auto Forecast SolutionsCompiled by Kannaki Deka in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ 2023 Ford Maverick Lariat Tremor: A Nice Work Truck, if You Can Get It
▼ + stars: | 2023-02-24 | by ( Dan Neil | ) www.wsj.com time to read: +1 min

SMALL WONDER The 2023 Ford Maverick Lariat Tremor is a trail-capable version of the company’s compact pickup, with a sophisticated AWD system, a torque-vectoring rear differential and 30-inch all-terrain tires. THE FEW DAYS I spent in the company of Ford ’s new Maverick Lariat Tremor compact pickup ($37,465, as tested) left me with questions. Are those “Tremor” graphics on the bedsides an optional delete, I wondered? Second, with respect, why the hell aren’t more of your pickups like the Maverick—affordable, approachable, applicable, and that’s just the As? The Maverick with the Tremor package is a little knucklehead, a daily delight, as perky and over-performing as a Jack Russell Terrier that got into the freeze-dried coffee.

☆ These are the 10 best cars for every budget from Toyota, Ford, and Tesla
▼ + stars: | 2023-02-17 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

The best cars you can buy include the Toyota Corolla, Ford Maverick, Hyundai Santa Fe, and Tesla Model 3. Under $25,000:Toyota Corolla HybridThe 2022 Toyota Corolla Hybrid. Toyota Corolla CrossThe 2022 Toyota Corolla Cross. $35,000-$45,000:Hyundai Santa Fe HybridThe Hyundai Santa Fe Hybrid. Doug Berger/NWAPAThe Kia Telluride has earned its place among Consumer Reports' Top Picks since its debut in 2020.

☆ Ford F-150 Lightning named MotorTrend Truck of the Year, the second electric pickup in a row
▼ + stars: | 2022-12-13 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —The Ford F-150 Lightning was named MotorTrend’s 2023 Truck of the Year on Tuesday, making it the second electric pickup in a row to win that award. MotorTrend’s panel of judges lauded the F-150 Lightning as “the best-riding, best-handling, and best-driving F-150 yet.” Unlike other versions of the F-150, the Lightning has independent rear suspension instead of a solid axle connecting the back wheels. It’s also another sign that electric power is making its mark among America’s most popular type of vehicle. The Ford F-150 Lightning has a large storage area under the hood instead of a gas engine. The F-150 Lightning was a unanimous winner among the MotorTrend’s seven jurists.

☆ Ford October sales slide 10% largely due to supply chain issues
▼ + stars: | 2022-11-02 | by ( Michael Ballaban | ) edition.cnn.com time to read: +1 min

New York CNN Business —Ford saw its October US sales slump 10% over the last year as the company continued to battle supply chain difficulties. Ford sold 158,327 vehicles last month, down from almost 176,000 vehicles in the same period last year, the company said Wednesday. Not all automakers saw sales declines, however. Korean automakers Hyundai and Kia reported strong sales for the third month in a row, and Japanese automaker Toyota saw year-over-year sales rise 28% in October. Issues getting cars delivered to customers aside, “Ford continues to see strong demand for its vehicles,” Ford’s vice president in charge of sales for gasoline-fueled vehicles, Andrew Frick, said in a statement.

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