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CEO Carlos Tavares says the company's new large platform is flexible enough to handle batteries and electric motors, gas-electric hybrids and internal combustion engines. The company also can build midsize to large vehicles on those underpinnings, including sedans, crossover vehicles, SUVs and even off-road Jeeps. On Friday, Ford said it was cutting production of the F-150 Lightning electric pickup after weaker-than-expected electric vehicle sales growth. Stellantis said vehicles built off the new large platform will be built at multiple North American and European factories. A midsize vehicle platform announced by the company last year has similar flexibility, the company said.
Persons: Carlos Tavares, Tavares, EVs, ” Tavares, balking, Ford, Donald Trump, , , Stellantis, Alfa Romeo, Maserati, It's Organizations: DETROIT, EVs, Dodge, Chrysler, Alfa Locations: U.S, North America
CNN —Ford will shut down one of two production shifts in April at the Dearborn, Michigan, factory that builds the F-150 Lightning electric pickup. The move is part of “matching F-150 Lightning production to customer demand,” the company said Friday. While sales of electric vehicles increased in 2023, the growth was slower than many industry experts had expected. Ford still projects an increase in Lightning sales this year after a 55% jump to 24,000 trucks last year. The 24,000 in Lightning sales is still a small fraction of overall Ford F-series pickup sales.
Persons: CNN — Ford, Ford, , , Jim Farley, Carlos Tavares, “ I’ve, ” Tavares, Ramcharger Organizations: CNN, General Motors, Chevrolet Silverado EV, Ford, Lightning, Rouge Electric Vehicle Center, Michigan Assembly Plant, Ford Bronco, United Auto Workers, EV, ” Ford Locations: Dearborn , Michigan, United States, Michigan, Rouge, Tennessee, Kentucky, Europe
REUTERS/Florence Lo/IllustrationFollowing are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and germanium exports. * Dowa Holdings, the world’s top producer of high-purity gallium used in products such as wafers and LEDs, said it was investigating the situation. * A spokesperson for Fujitsu said the company “is currently not active in the semiconductor business, so we are not directly impacted by the export regulations. * Microchip Technology said its initial assessment is that there will not be a material impact. * Stellantis Chief Executive Carlos Tavares said the restrictions on gallium and germanium exports should not push Western companies to “decouple” from China.
Persons: Florence Lo, chipmaker, Carlos Tavares, ” Tavares Organizations: Reuters, REUTERS, Semiconductor, Association of Japan, Dowa Holdings, Fujitsu, Nichia, Sumitomo Chemical, Nasdaq, Semiconductors, Technology, Intel, Infineon, European Union, Navitas Semiconductor Corp Locations: China, United States, U.S
A manhunt is underway in Massachusetts after a married couple were stabbed and “bludgeoned to death in their home” in Marshfield, a town about 30 miles southeast of Boston, officials said Wednesday. "Keeley was acquainted with the Mattsons," Cruz said of the 27-year-old, who officials said also goes by the nickname "Crispy." The Massachusetts State Police Detective Unit assigned to the Plymouth County District Attorney's Office launched an investigation into the incident after being contacted by the Marshfield Police Department. Detectives developed probable cause and identified Keeley as a person of interest in the double homicide, the district attorney’s office said. The State Office of the Chief Medical Examiner is investigating the cause and manner of the victims' deaths.
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