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Ford - 4 Jim Baumbick - 4 — - 3 Jim Farley - 1 Farley - 1 Elon Musk - 1 Motors - 1 Ford's Andrew Frick - 1
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Search resuls for: "Jim Baumbick"


8 mentions found


☆ Ford tapped the brakes on EVs and bet on hybrids. It's paying off.
  + stars: | 2024-04-26 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
Read previewFord's bet on hybrids looks like it's paying off. By comparison, the company's pure EV business has struggled. Ford's crosstown rival General Motors, meanwhile, has reversed its "all-in" electric vehicle strategy and pledged to bring back hybrids into its North American vehicle lineup. Not to be outdone, Ford is also doubling down on hybrids, even as it cuts back on some EV investments. "The EV adoption rate globally is under pressure, and a lot of other auto manufacturers are pulling back on EVs and pursuing plug-in hybrids instead," said Musk in the company's earnings call.
Persons: —, Jim Farley, Farley, Ford, Elon Musk, Motors, Jim Baumbick Organizations: Service, Detroit, US, Toyota, Honda, Business, Ford Model, Motors, Volkswagen, EV, The New York Times, American, Elon Locations: North America
☆ Hybrid cars now have 'very few compromises' says Ford executive — and sales are booming
  + stars: | 2024-03-23 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
Sales growth for hybrid cars is outpacing growth for electric vehicles this year. AdvertisementIt's shaping up to be a comeback year for hybrid cars — and that's partly because they're now nearly as good as their conventional vehicles, according to a Ford executive. Frick's comments come as demand for hybrid vehicles soars, partly due to drivers' worries about charging electric cars. AdvertisementFreedom of choiceThe hybrid Maverick starts at about $25,300 — some $1,500 more than the gas version. About 60% of those buying a hybrid Maverick are first-time Ford customers, product development operations chief Jim Baumbick previously told Business Insider.
Persons: Ford, Ford's Andrew Frick, —, they're, Andrew Frick, Morgan Stanley, Jim Baumbick Organizations: Service, Ford, Wall, Buyers, Cox Automotive, Toyota Prius, BI Toyota, EV, Toyota, White House Locations: Detroit, Edmunds
☆ Hybrids are more popular than ever as shoppers cool on EVs
  + stars: | 2024-03-13 | by ( Nora Naughton | ) www.businessinsider.com   time to read: +2 min
Fewer new-car shoppers are considering EVs for their next vehicle, according to JD Power, with shoppers citing a lack of access to charging infrastructure as a main reason for ruling out EVs. Brands that have leaned into hybrids saw better sales results in February. "Hybrids are just rockin,'" Toyota Motor North America's sales chief David Christ told Automotive News after it released its sales results last week. The Toyota RAV4 SUV is one of the more popular hybrids on dealer lots. Among American brands, Ford notched a 31.5% increase in hybrid sales, as these vehicles lured more new customers to the Blue Oval.
Persons: —, Power, David Christ, Ford, Jim Baumbick Organizations: Service, Tesla, Business, Brands, Toyota, Automotive, Blue, Ford
☆ Ford reveals 800 horsepower Mustang with $300,000 price tag
  + stars: | 2023-08-17 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +3 min
CNN —Ford has just unveiled the 800-horsepower Ford Mustang GTD which will be available in late 2024 or early 2025 at a starting price around $300,000. “Ford vs. Ferrari” recounted the 1960s Le Mans races won by the Ford GT40 race car which was developed specifically to spite the Italian automaker after Ford couldn’t buy the company. In the 2000s, Ford has produced two modern versions of the Ford GT that have both become highly collectible. The Ford Mustang GTD's body is made almost entirely from carbon fiber. Multimatic is a specialist automotive company that also works on the Mustang GT3 race car.
Persons: CNN — Ford, It’s, “, ”, Jim Baumbick, Ford, Ferrari ”, “ Ford, Le, Ford couldn’t, Baumbick, “ We’ve Organizations: CNN, Ford, Lamborghini, Le Mans, Ford GT, Le, Ford Motor Co Locations: Italian, , Michigan, Markham , Ontario, Canada
☆ Ford's new muscle truck, Ranger Raptor, made possible by EVs
  + stars: | 2023-05-10 | by ( Joseph White | Thomson Reuters | Joe White Is A Global Automotive Correspondent For Reuters | ) www.reuters.com   time to read: +2 min
[1/2] A Ford Ranger Raptor is seen at a Ford event in Michigan, U.S., May 5, 2023. REUTERS/Joe WhiteDETROIT, May 10 (Reuters) - Ford Motor Co (F.N) on Wednesday unveiled the latest addition to its muscle truck franchise - a Ranger Raptor midsize pickup with a 405-horsepower engine and a suspension designed for racing across the desert, made possible in part by Ford's electric vehicles. But a Ranger Raptor will start at $56,960, Ford said. Ford is also ramping up production of its Mustang Mach-E, Ford F-150 Lightning and Transit electric vehicles - generating credits that allow it to sell more high-performance, combustion vehicles such as the Ranger Raptor, the Bronco Raptor and the F-150 Raptor. "We're doing it through a portfolio of products" that includes electric vehicles and a hybrid Maverick pickup, Baumbick said.
☆ 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.
☆ Ford reveals redesigned Ranger pickup with new Raptor performance model
  + stars: | 2023-05-10 | by ( Michael Wayland | ) www.cnbc.com   time to read: +5 min
In this article F Follow your favorite stocks CREATE FREE ACCOUNT2024 Ford Ranger Raptor FordDETROIT — Ford Motor on Wednesday revealed its redesigned Ranger midsize pickup truck for the U.S., including a new Raptor performance model. 2024 Ford Ranger Raptor FordFord declined to release the current average transaction price of the Ranger. The Ranger Raptor, which is powered by a 3.0-liter EcoBoost V6 engine, adds to Ford's Raptor lineup that currently includes the F-150 full-size pickup and Bronco SUV. 2024 Ford Ranger Raptor Ford"The mission has always been to climb the mountain to No. 2024 Ford Ranger XLT Sport FordThe Ranger fits in between Ford's compact Maverick pickup and the automaker's full-size F-150 and larger F-Series trucks.
☆ Ford plans "dramatic reductions" in product complexity - exec
  + stars: | 2023-04-05 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Phil NobleCompanies Ford Motor Co FollowDETROIT, April 5 (Reuters) - Ford Motor Co (F.N) plans "dramatic reductions" in the complexity of its product lineup starting in the 2024 model year, Jim Baumbick, the automaker's product development chief, said Wednesday at a conference hosted by Bank of America. At the same time, Ford plans to develop more variations of certain model lines, such as the Bronco SUV, because they offer 30% or greater profit margins compared to the base model, Baumbick said. Ford Chief Executive Jim Farley has said the automaker's product lineup and vehicle architectures are too complex and too costly. Ford is driving to cut billions from operating costs after 2022 profits fell short of investor expectations. Ford is also "rushing to add capacity" to build more Maverick compact pickup trucks, he said.
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