Ford Motor Co. said Monday it will recall about 2,900 F-150 Lightning trucks because a software issue may result in a failure to provide adequate warning of low tire pressure. The recall is the first for the Ford electric pickup truck. Ford said the trucks tire pressure monitoring system light may not illuminate when intended…
Ford, GM, Stellantis, Toyota Urge Congress to Lift EV Tax Credits Cap
By Riley Beggin From The Detroit News WASHINGTON—Ford Motor Co., General Motors Co., Stellantis NV, and Toyota Motor Corp. sent a letter to congressional leaders Monday urging them to lift the 200,000 customer cap for existing electric vehicle tax credits. The letter from the nation’s four largest automakers comes as Democrats in Congress are negotiating…
Ford Recalls 39,000 US SUVs After Engine Fire Reports
WASHINGTON—Ford Motor Company said Thursday it was recalling 39,000 SUVs after reports of 16 fires, and has advised owners to park their vehicles outdoors and away from structures until a fix is completed. The recall, which covers some 2021 model year Ford Expedition and Lincoln Navigator vehicles, was prompted as an engine compartment fire could…
US to Spend More Than $3 Billion on EV Battery Manufacturing: White House
WASHINGTON—The Biden administration will allocate more than $3 billion in infrastructure funding to finance the electric vehicle (EV) battery manufacturing, U.S. officials said on Monday. The funds will be allocated by the Department of Energy from the $1 trillion infrastructure bill President Joe Biden signed last year. Among the initiatives will be processing of minerals…
Ford Maverick, Bronco Win Truck, Utility of the Year Awards
DETROIT—For the second year in a row, vehicles from Ford Motor Co. took two of the three North American Car, Truck and Utility of the Year awards. The company’s Maverick compact pickup won truck of the year, while its Bronco off-road SUV earned the utility of the year. Honda’s redesigned Civic compact car won the…
Is Ford’s Stock Overvalued or Undervalued?
Ford Motor Company shares have outperformed the S&P 500 in 2021, generating a year-to-date total return of 97.8 percent. But after nearly doubling in share price this year, investors may be wondering if there’s any value left in Ford stock. Earnings: A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a…
Ford Counterattacks in ‘Cruise’ Dispute With GM
DETROIT—Ford Motor said late on Friday it will ask the U.S. Patent Office to rescind trademarks obtained by rival General Motors for the terms “Cruise” and “Super Cruise,” escalating a brawl GM began by suing Ford over its use of “Blue Cruise” for an automated driving system. The legal fight between the two Detroit automakers…
Ford Motor Terminates Electric Vehicle Plans With China’s Zotye
Ford Motor has decided to terminate plans to launch electric vehicle joint ventures with China’s Zotye Automobile, the U.S. auto giant said on Thursday.
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