Ford
Ford Appoints Former Samsung SDI Executive to Lead EV Battery Development
November 07, 2023 – According to TheElec, the American automotive giant, Ford, has made a significant move in the electric vehicle (EV) industry by hiring former Samsung SDI Vice President Kim Seung-Hoon to lead their electric vehicle battery development efforts. Sources within the company have revealed that Kim Seung-Hoon has been appointed as Ford’s Chief…
Ford Postpones $12 Billion Electric Vehicle Investment Plan in Response to Market Challenges
October 27, 2023 – Ford Motor Company has announced a postponement of their $12 billion investment plan in electric vehicles, which includes a partnership to build a second battery factory with SK On. During the earnings conference, Ford’s Chief Financial Officer, John Lawler, emphasized that the company remains committed to the electric vehicle sector. Lawler…
From F-150 to ‘Little Raptor’: Ford’s Bold Move with the Surprisingly Affordable Next-Gen Ranger
**August 25, 2023 – Revamp in China’s Auto Market: Ford Unveils Surprisingly Affordable Next-Gen Ranger** In the midst of China’s ever-evolving automobile landscape, even the loftiest joint venture brands find themselves recalibrating their strategies. Today, this transformation takes center stage as Ford launches the eagerly anticipated next-generation Ford Ranger 1st Edition, marking a pivotal moment…
F-150 Lightning Production Set to Soar: REVC Plant Upgrade Complete
August 2, 2023 – Ford, headquartered in Michigan, USA, announced the resumption of production at the Rouge Electric Vehicle Center (REVC) after a six-week period of shutdown for renovation and expansion. The facility is set to continue manufacturing the highly anticipated F-150 Lightning pickup truck. Ford’s CEO, Jim Farley, took to Twitter to share the…
Ford Reports Q4 Revenue Above Expectations, Up 17% YoY
Ford announced its financial results for the fourth quarter of 2022 on Thursday, revealing revenue of $44 billion, a 17% increase from the previous year. This figure was higher than the expected $39.8 billion by the market. Despite this positive news, the company’s net profit was $1.3 billion in the fourth quarter, lower than the…