San Francisco: Drawing a comparison between Tesla’s long-delayed Cybertruck and Ford’s plug-in pick up — F-150 Lightning, Ford CEO Jim Farley took a dig at tech billionaire Elon Musk while announcing a major investment in a solar energy. According to The Verge, Farley spoke at a Ford plant in Michigan to announce a deal with […]
San Francisco: Car maker Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning, Teslarati reported. The company said […]
The automaker aims to produce more than 2 million electric vehicles annually by 2026, representing about one-third of Ford's global volume, rising to half by 2030.
Ford has said it will invest $22 billion in electrification by 2025, vowing to step up efforts to build its own batteries for stable supply of the key component.
Ford pledged to offer fully electric or plug-in gas-electric versions of all passenger vehicles in Europe by 2024, with all European vehicles going to full electric by 2030.
Ford has joined Volvo, General Motors and the Renault-Nissan-Mitsubishi Alliance in striking a deal with Google to use its software to power the vehicle infotainment services.
The outcome of the votes was seen as a foregone conclusion, coming two weeks after the European Commission gave conditional approval to the deal announced in late 2019.
