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Search resuls for: "— Ford Motor"


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☆ Ford cuts prices on electric Mustang Mach-E, following Tesla's lead
  + stars: | 2023-01-30 | by ( Michael Wayland | ) www.cnbc.com   time to read: +3 min
DETROIT — Ford Motor is increasing production and cutting prices of its electric Mustang Mach-E crossover, weeks after industry leader Tesla announced similar plans for its EVs. The reductions range from $600 to $5,900, compared with Tesla's price cuts of up to $13,000 on its Model Y earlier in January. Analysts expected Tesla's cuts to put pressure on other automakers to cut their own prices. "We are responding to changes in the marketplace," Gjaja said during a media briefing, referencing new federal EV incentives and Tesla's price cuts. To increase Mach-E production, Ford is upgrading the plant in Mexico where the vehicles are made.
☆ Ford in Talks to Sell German Plant to China’s BYD
  + stars: | 2023-01-24 | by ( William Boston | ) www.wsj.com   time to read: 1 min
BERLIN— Ford Motor Co. is in talks with Chinese electric-vehicle maker BYD Co. over the sale of a manufacturing plant in Germany, according to people familiar with the discussions. Officials from Ford’s management in Germany are planning to travel to China next week to discuss the potential sale of a plant in Saarlouis, where vehicle production is slated to end in 2025. Ford produces its Focus compact model there. Terms of the deal, including a price, couldn’t be learned.
☆ Ford boosts production of electric F-150 Lightning pickup truck
  + stars: | 2022-12-13 | by ( Michael Wayland John Rosevear | Michael Wayland | John Rosevear | ) www.cnbc.com   time to read: 1 min
Corey Williams, plant manager at Ford's Dearborn Truck Plant and Rouge electric vehicle center, outlines the automaker's production plans for the F-150 Lightning electric pickup during a facility tour on Dec. 13, 2022. DEARBORN, Mich. — Ford Motor has added a third production shift to its Michigan plant that produces the electric F-150 Lightning as it looks to boost output. The addition of the third shift comes as the automaker is expanding the newly built facility to hit a top capacity of 150,000 units by next fall. Ford is on track to hit that previously announced production milestone, Corey Williams, plant manager of the Dearborn Truck Plant and Rouge electric vehicle center, said during a tour of the facility Tuesday. The third shift was added in November, bumping up the electric truck plant's employment from 500 to roughly 750 people.
☆ Want to live in a van down by the river? Ford has a new vehicle for that
  + stars: | 2022-11-03 | by ( Michael Wayland | ) www.cnbc.com   time to read: +3 min
Ford says Transit Trail owners will have access to the Ford Pro network of upfitters and interior installers to create the interior space they desire. The Detroit automaker on Thursday revealed the 2023 Ford Transit Trail Van, a new lifted model of its full-size van equipped with all-wheel-drive and more durable, off-road parts for outdoor enthusiasts. Ford is touting the Transit Trail Van as a gateway into "van life," a community of travelers who fully or partially live in their vehicles. The 2023 Ford Transit Trail Van will go on sale in the spring, starting at $65,975. That's about $15,000 more than a base passenger Transit van.
☆ Stocks making the biggest moves after hours: Meta Platforms, ServiceNow, Align Technology and more
  + stars: | 2022-10-26 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Check out the companies making headlines after the bell:Meta Platforms — The Facebook parent plunged more than 13% after missing earnings estimates for the third quarter. Meta beat revenue estimates, posting a better-than-expected decline year-over-year but shared disappointing guidance for the fourth quarter. ServiceNow — The software stock soared 12.4% postmarket as earnings per share came in 12 cents ahead of Wall Street expectations. Align Technology — The maker of Invisalign dental straighteners toppled 16.8% after missing earnings estimates for the recent quarter. O'Reilly Automotive — Shares gained more than 3% after hours following a beat on revenue and earnings for the third quarter.
☆ Ford unveils 2023 Escape to sell alongside Bronco Sport in highly competitive compact SUV segment
  + stars: | 2022-10-25 | by ( Michael Wayland | ) www.cnbc.com   time to read: +3 min
DETROIT — Ford Motor is updating its popular Escape as part of a two-pronged sales strategy alongside the newer, more rugged Bronco Sport in the highly competitive compact SUV segment. The starting price for the 2023 Escape ranges from roughly $29,000 for an entry-level model to $40,000 for a plug-in hybrid electric vehicle. The 2023 Escape is expected to begin arriving in dealer showrooms early next year. U.S. sales of the Escape outsold the Bronco Sport by roughly 30,000 units through the third quarter of this year. The Escape retains its powertrain options, including a traditional hybrid and plug-in hybrid electric vehicle.
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