Ford - Page 3

Ford CEO Jim Farley: A ‘Huge Price War’ Is Coming to Electric Car Market

Ford CEO Jim Farley recently stated that he believes that the electric car market will soon enter a price war with upcoming models costing as little as $25,000. Farley seems thrilled with the prospects of manufacturing electric vehicles, which may impact manufacturing employment. He describes EVs as “Half the fixtures, half the work stations, half the welds, 20% less fasteners. We designed it, because it’s such a simple product, to radically change the manufacturability.”

James Farley, president and chief executive officer of Ford Motor Co., speaks during a lau

IOU 1 Microchip: Ford to Ship Explorer SUVs Missing Chips Due to Shortage

Ford will reportedly soon begin shipping some Ford Explorers without the chips that control rear air conditioning and heating controls among other features not considered critical. The decision to ship vehicles missing chips is the latest development in the ongoing worldwide microchip shortage that is plaguing automakers and manufacturers of all types.

Workers assemble cars at the newly renovated Ford's Assembly Plant in Chicago, June 24, 20

New York City Purchases 184 Electric Ford Mustangs for NYPD

New York City is moving towards the use of electric vehicles with the announcement that it is adding 184 Ford Mustang Mach-E Electric SUVs to its vehicle fleet and approving the option to purchase 250 Tesla Model 3 electric sedans. The majority of the vehicles will be assigned to the NYPD and various emergency service departments. 

Ford Mustang Mach-E