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In 1998, the legendary industrialist launched his dream project, the Tata Indica, which was India's first hatchback with a diesel engine. However, sales were slow initially, prompting Tata Motors to consider selling its nascent car business within a year of its debut. The US auto giant Ford was viewed as an ideal candidate for the acquisition.
San Francisco: The US-based car maker Ford Motor has reportedly confirmed that it is laying off roughly 3,000 employees and contract workers, with the cuts primarily affecting staff in the US, Canada and India. According to The Wall Street Journal, Ford sent an internal email to employees, saying it would begin notifying affected salaried and […]
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.
