Ford (F) expands recall for 125K vehicles due to fire risk and engine failure

Ford (F) on track to reach production goal of 150K F-150 Lightning trucks

Ford Motor Co. revealed Thursday that the Dearborn automaker is on track to reach its 150,000-unit production goal on the electric F-150 Lightning this year. Adding that the company is also giving the largest production increase to the XLT trim that customers have been waiting for.

"Customer interest for XLT has considerably outstripped supply since the F-150 Lightning launch and weve worked with our suppliers to help address that, said Marin Gjaja, Ford Model e chief customer officer, in a statement. We heard... More

Volvo launches EX30 electric SUV

Swedish luxury automaker, Volvo launched their new fully-electric EX30 SUV on Wednesday with two battery options and a starting price of around 36,000 euros ($38,500). The EX30 is Volvos smallest SUV to date and follows the unveiling of the larger electric EX90 in November.

"It's a small SUV doing Volvo things," CEO Jim Rowan said during the car's launch event in Milan,... More

EPA to scrap proposed EV volumes from biofuel blending rule

Reuters reports today, citing three unnamed sources familiar with the matter that the Biden administration is planning to discard a proposal to include the electric vehicle industry into the U.S. biofuel blending program. Additionally, the administration intends to retract tradable credits worth potentially billions of dollars that were associated with this initiative.

It was first reported in early May that the Environmental Protection Agency (EPA) was considering delaying the EV program over concerns the plan could trigger lawsuits. The... More

Ford (F) names Whirlpool's (WHR) Liz Door as new supply chain chief

Ford Motor (NYSE: F) on Tuesday announced the appointment of Liz Door from Whirlpool Corp (NYSE: WHR) as its new chief supply chain officer, effective June 12. This decision comes as Ford anticipates a challenging 2023 due to chip shortages, supply... More

Global EV penetration reaches 14% in April with promising uptick in May

Barclays April report card shows that global electric vehicle penetration reached 14% in April, slightly outpacing last years EV penetration of 13%; however, it fell short of the heightened levels observed in the fourth quarter of 2022. Shifting focus to May, the industry is demonstrating promising signs of a substantial m/m increase in EV penetration, indicating a positive trajectory.

Additionally, while Tesla's (NASDAQ: TSLA) market share remains stable, the actual strength might not be as robust as the price reductions would have you expect. Lastly, the US electric vehicle market continues to make... More

Ford's (F) deal with Tesla (TSLA) charges up industry and sparks standardization talks

The recent move by Ford Motor Co (NYSE: F) to grant its customers access to Tesla's (NASDAQ: TSLA) electric-vehicle charging network has caused significant waves in the industry. This decision has sparked discussions about the need for a standardized charging infrastructure across the United States and has also cast uncertainty on the future of struggling charging startups.

The deal, announced last month, outlined plans to provide drivers of Ford vehicles in North America with access to over 12,000 Tesla Superchargers, starting in 2024. Under the deal, Ford will... More

Analysis-Ford's EV charging tie-up with Tesla ripples through industry

By Abhirup Roy, Hyunjoo Jin and Isla Binnie

SAN FRANCISCO (Reuters) - Ford Motor Co's decision to allow customers to use Tesla's electric-vehicle charging network has sent ripples through the industry, raising questions about a national U.S. charging standard as well as the fate of charging startups that are struggling.

The deal, announced last month, would open more than 12,000 Tesla Superchargers to drivers of Ford vehicles in North America starting in 2024.

The tie-up puts pressure on other companies and the administration of U.S. President Joe Biden to fall in line or spend more to... More

Ford recalls 125,000 vehicles over engine failures that can cause fires

By David Shepardson

WASHINGTON (Reuters) -Ford Motor Co said on Tuesday it is expanding and issuing a new recall for 125,000 sport utility vehicles and trucks because engine failures may cause a fire.

The recall covers various Escape and Lincoln Corsair SUVs and Maverick compact pickup trucks from the 2020-2023 model years with 2.5L hybrid or plug-in hybrid engines, according to a filing with the... More

Ford Motor (F) stock rallies as Citi upgrades to Buy on positive survey results

Citi analyst Itay Michaeli upgraded shares of Ford Motor (NYSE: F) to Buy from Neutral with a price target of $16 per share, up from the prior $12.80.

The analyst says that the results of the recent survey pointed to a surprisingly strong density outlook, suggesting... More

Citi Upgrades Ford (F) to Buy

Citi analyst Itay Michaeli upgraded Ford (NYSE: F) from Neutral to Buy with a price target of $16.00 (from $12.80).

The analyst comments "Upgrade to Buy from Neutral Following the results of our 2023 Vehicle Density survey, were upgrading Ford shares to Buy from Neutral and raising our price target to $16 from $12.8 on modestly higher target multiples (target 23E P/E of 8.0x vs. 6.8x prior, target Pro EV/EBITDA multiple of 6.5x vs. 4.5x prior, and Model-e at 4.5x... More

GM’s Mary Barra pushes back against autonomous vehicles doubters

General Motors (NYSE: GM) CEO Mary Barra spoke at a Sanford Bernstein conference Friday where she doubled down on her confidence that the company will experience significant growth opportunities in the autonomous vehicle industry over the next decade.

Barra restated her prediction that Cruise could generate $50 billion a year in annual revenue by... More

Ford Motor (F) May North America Total Vehicles Sales 170,933; Up 10.7%

Ford Motor (NYSE: F) May North America Total Vehicles Sales 170,933; Up 10.7%

Tesla’s (TSLA) price cuts drive online traffic spike

Citi has recently revised their "mindshare" tracker for electric vehicles (EVs), which keeps tabs on web traffic related to EVs. This tracker evaluates the level of engagement on websites associated with the overall EV market, as well as specific brands or companies, with the latter serving as a possible predictor of future EV market share and brand... More