Ford Stock News

Stephen Guilfoyle in his Market Recon column highlights Kevin McCarthy''s stall of action on Biden''s big spending bill, Europe''s COVID resurgence, his mad love for Ford Motor (F), Apple''s (AAPL) EV car play, and Thursday''s market action where headline numbers didn''t reveal the bad breadth in equitiesPFE

The carmaker is betting it can make its own semiconductors and avoid another supply crunch.

The carmaker is betting it can make its own semiconductors and avoid another supply crunch.

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Ford has ambitions to become the biggest US-based EV manufacturer someday, and that means greatly ramping up its production. Company CEO Jim Farley has announced that the automaker is planning to produce 600,000 electric vehicles per year by the end of 2023, which will double the number of EVs it originally intended to manufacture. According to Automotive News , production will be spread across the Mustang Mach-E, F-150 Lightning and E-Transit. Ford''s current EV lineup is wildly popular, Farley said, and the demand is "so much higher" than the company expected. The Mustang Mach-E is selling on three continents, while the Ford F-150 Lightning has been popular from the time it was announced. Ford received 100,000 reservations within three weeks after it was unveiled, and that number''s now up to 160,000 all placed with a $100 refundable deposit. Due to the high demand for the F-150, Ford previously decided to invest $250 million to boost its production, creating 450 new jobs to help it make 80,000 trucks a year.

Fords Jim Farley says he wants his company to become the biggest electric vehicle (EV) maker in the world. In a series of tweets on Thursday, the CEO outlined the plan he believes will help [] The post Ford doubles annual EV production target to 600,000 within two years, with sights set on becoming #1 EV automaker appeared first on Drive Tesla .

Jim Farley is CEO of Ford, forecasting output of 600K EVs by the end of 2023: By Eamonn Sheridan

LOWELL For the next month, National Grid will be pilot-testing a fully electric Ford E-Transit cargo van for daily operations in the area. The kickoff of the collaboration with the Ford Motor Co. was held at National Grids Lowell yard Tuesday morning as part of the companys efforts to move to a 100% electric []

According to Automotive News, Ford has announced plans to double its projected global electric vehicle (EV) production to 600,000 units within the next 24 months. If Read more The post Ford Plans to Double EV Production to 600,000 in Two Years, Says CEO appeared first on TeslaNorth.com .

Peter Rawlinson designed the Tesla S before leaving amid animosity with Elon Musk. Now his new venture is already worth more than Ford despite celebrating the production of its first cars less than two months ago.

Ford Motor Company is in talks with a computer chip maker to shore up its semiconductor supplies and avoid a repeat of this year''s auto factory shutdowns caused by shortages.

Detroit automaker partners with U.S. chipmaker to shore up its access to vital vehicle components.

MIC was recognized by Ford Motor Company as a top-performing global supplier at Ford''s 23rd annual World Excellence Awards.