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The EV market has growing pains, here and abroad

Nov 21, 2024
Ford is cutting 4,000 jobs in its European workforce, noting that the industry shift to electric vehicles has been “highly disruptive.”
"We need to have lower-cost vehicles" in the EV market, says Tallis Blalack, an electrified roadways consultant.
Scott Olson/Getty Images

Ford renews a Detroit train depot in hopes of anchoring a new tech hub

Jun 3, 2024
Ford reportedly invested nearly $1 billion into the once derelict Michigan Central Station, which officially reopens this week.
A view of the newly renovated Michigan Central Station, following nearly $1 billion in investment.
Stephen McGee/Michigan Central

The key to growing EV adoption is cars with lower sticker prices. They may be on their way.

Mar 22, 2024
A Chinese automaker has announced a model for less than $10,000. And Ford says it's committed to a $25,000 electric.
“The problem with the market at the moment is that there’s a void of vehicles priced below $35,000. And there are plenty of buyers who want them,” says Sam Fiorani with AutoForecast Solutions.
Fabrice Coffrini/AFP via Getty Images

How recalls can affect a company's bottom line — and future sales

Feb 28, 2024
A recent Toyota recall affects more than 280,000 vehicles. But not all recalls are created equal in terms of how they color a company's brand and long-term customer loyalty.
More than 280,000 Toyota SUVs and pickup trucks were recalled over a software issue. But care recalls are actually pretty common.

As GM announces quarterly results, all eyes are on strike's effects

Oct 24, 2023
Investors — and the union — will be scrutinizing the numbers for clues about how the extended work stoppage is affecting the companies.
Because only two weeks of the UAW strike were in Q3, earnings may not take much of a hit — but keep an eye on forecasts.
Michael Swensen/Getty Images

How are car dealers feeling about the UAW strike?

Sep 15, 2023
Solid Inventory is keeping some worries away for now. But a prolonged strike could hurt the industry, one expert says.
Bill Pugliano/Getty Images

The UAW strike is also about EVs and the future of auto industry jobs

So far, the UAW is holding a limited strike at three plants across three states.
Members of the UAW began striking last night at a select few factories and plants across the Midwest.
Bill Pugliano/Getty Images

For public good, not for profit.

EV prices are falling, but remain out of reach for many potential buyers

Jul 17, 2023
The industry may need to cut costs to bring down stickier prices.
Ford's F-150 Lightning electric pickup (above) is part of recent price drops in the electric vehicle space.
Spencer Platt/Getty Images

Ford on EVs: Think of us as a startup

Mar 23, 2023
The company expects to lose another $3 billion this year in its transition from internal combustion cars to electric.
Ford expects its EV business to start turning a profit by 2026. Above, an electric F-150 charges.
Spencer Platt/Getty Images

Sales of fully electric vehicles nearly doubled in 2022. Which carmakers came out on top?

Jan 6, 2023
EVs account for about 5% of car purchases, according to automotive website Edmunds. Rivals to Tesla are making inroads.
Tesla still holds an estimated 60% of the EV market, but its share has been declining.
Brandon Bell/Getty Images