Ford to delay production of new electric pickup, large SUV
With the pace of U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will add more gas-electric hybrids to its model lineup.
With the pace of U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will add more gas-electric hybrids to its model lineup.
The new rules relax initial tailpipe limits proposed last year but eventually get close to the same strict standards set out by the Environmental Protection Agency.
Japanese automakers have fallen behind rivals such as Tesla of the U.S. and BYD of China in developing EVs, partly because they have historically been so successful with combustion engine vehicles.
The union said last week said that nearly 9,000 workers at the massive plant in Louisville would walk picket lines starting Friday if the contract dispute was not resolved.
The company, which has 6,000 employees in the state, has named a new chairman and CEO, and a new president and chief operating officer.
The next North American International Auto Show is now scheduled for Jan. 10 through Jan. 20 next year, organizers said Thursday.
Qualifying for the credits depends on requirements related to their battery makeup and minerals that get tougher each year.
Auto sales had their biggest year-over-year increase in more than a decade in 2023, yet sales still haven’t returned to the numbers seen in the years before the pandemic.
Narrower criteria reduced the number of qualifying models to 13 from about two dozen, according to federal data. The new rules exclude from the tax credit vehicles that use battery components made by Chinese manufacturers.
Shawn Fain, a union firebrand from Kokomo, first shocked organized labor in March by being elected the United Auto Workers’ national president. Then he surprised the Big Three automakers by organizing a strategic strike.
The National Automobile Dealers Association says the automotive and truck retail industry needs to replace nearly 76,000 techs annually to keep up with retirements and new job demand.
U.S. sales of fully electric cars are still growing at a fast clip—they are up by more than 50 percent this year over 2022—but automakers say growth has slowed in recent months, prompting them to trim their production plans and pause some investments.
Companies like General Motors Co. and Ford Motor Co. said in letters to the National Highway Traffic Safety Administration released Wednesday that there’s no proof that the parts made by ARC Automotive Inc. are defective.
The recall of more than 2 million vehicles comes after a two-year investigation by the National Highway Traffic Safety Administration into a series of crashes that happened while the Autopilot partially automated driving system was in use. Some were deadly.
CEO Officer Jim Farley said the robust EV demand the company expected hasn’t materialized because potential buyers are balking at high prices and spotty charging infrastructure.
The EPA says it is not imposing an EV mandate, but Republicans say the plan favors EVs and punishes gas engines, forcing Americans into cars and trucks they can’t afford.
Plans outlined by the departments of Treasury and Energy would limit electric vehicle buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered hostile to the United States.
Additional labor costs from the agreement will total $8.8 billion by the end of the contract, translating to about $900 per vehicle by 2028, Ford Chief Financial Officer John Lawler said in a company release.
The UAW unveiled a website where workers at 13 different companies can electronically sign union authorization cards in a first step toward attempting to organize their factories.
The company said it expects to absorb increased labor costs and have enough left to buy back stock worth nearly one quarter of the company’s $44 billion market value.