General Motors said it will adapt its electric vehicles to the Tesla Supercharger network, after Ford Motor Co. made a similar deal last month. This move will all but ensure that Tesla’s charging ports will become the North American standard. On June 8, GM CEO Mary Barra revealed in a talk with Tesla CEO Elon…
GM Will Join Tesla’s EV Charging Network, Making It the De Facto Industry Standard
June 9, 2023
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Ford to Drop AM Radio From Most New Vehicles
April 6, 2023
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Ford Motor Co. is preparing to drop AM radio from most of its new vehicles next year, according to a report. The Detroit-based automaker confirmed the move to the Detroit Free Press on April 1, despite concerns from federal officials over American drivers losing access to safety alert broadcasts over the airwaves. “We are transitioning from AM…
Ford Motor Follows Tesla Locking in Lithium Supply With Australian Miner Liontown
June 29, 2022
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U.S. auto giant Ford Motor Co. has followed in the footsteps of Tesla and Korea’s LG Energy Solution after striking a deal with Australia’s Liontown Resources for the lithium supply for the next five years. The move comes as automakers scramble to secure the supply of the valuable commodity as the global pursuit of net-zero…
Ford CEO: No Plan to Spin Off EV Business, but Change Coming
DETROIT—The CEO of Ford Motor Co. says the automaker has no plans to spin off its electric vehicle or internal combustion businesses, but is reinventing itself by removing costs and ramping up for large-scale EV and software sales. Ford CEO Jim Farley told the Wolfe Research virtual global auto technology conference Wednesday that the company…
Tesla Secures 5-Year Lithium Supply Deal Starting Next Year With Australia’s Liontown
Tesla Inc. has secured a five-year agreement with Australia’s Liontown Resources to supply lithium spodumene concentrate to the Elon Musk-led electric vehicle maker. What Happened Tesla will buy 100,000 dry metric tonnes (DMT) of the lithium concentrate in the first year and up to 150,000 DMTs annually thereafter, Liontown Resources said. Spodumene is considered a…
Ford, GM Warn Dealers Who Charge More Than Suggested Retail Price
February 9, 2022
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Ford and General Motors (GM) recently warned car dealerships to stop the practice of price gouging beyond the manufacturer’s suggested retail price (MSRP), with consequences including losing access to new vehicle models. Andrew Frick, Ford’s vice president of sales in U.S. and Canada, sent a letter to dealerships on Jan. 7 noting that some customers…
Ford and Online Payment Service Stripe Sign 5-Year Deal for E-Commerce Drive
Ford Motor Company and online payment processor Stripe announced that they have signed a five-year deal aimed at bolstering the auto giant’s e-commerce capabilities. Ford will use Stripe to facilitate transactions for vehicle orders and reservations, handle financing options for Ford’s commercial customers, and route a customer’s payments to the correct local Ford or Lincoln dealer….
Ford Motor Posts Stronger-Than-Expected Profit, Raises Full-Year Forecast
DETROIT—Ford Motor Co. on Wednesday reported a stronger-than-expected third-quarter profit and raised its full-year earnings forecast as strong demand for its trucks helped offset the hit from a global semiconductor shortage. Ford said increased availability of chips and higher wholesale vehicle shipments in the third quarter enabled it to post higher profit, revenue and cash…
Auto Industry Wonders Whether Ford-Sk Battery Plants Will Sport the Union Label
News Analysis The plan for Ford Motor Co. and Korean battery partner SK Innovation to build three battery plants in the United States, announced this week, will prompt a furious drive by labor leaders to organize the plants, potentially setting the tone for future union drives at auto industry factories in the U.S. South. The…
Ford to Boost F-150 Lightning Production Capacity to 80,000 per Year
Ford Motor Co. said on Thursday it would boost its F-150 Lightning production capacity to 80,000 per year due to strong demand for the electric pickup truck, adding that the vehicle would go on sale next spring. The U.S. automaker, at an event attended by Michigan’s Democratic Governor Gretchen Whitmer, said it would invest $250…
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