Let me share a history about Ford and its prices a century ago. An advance in production was often accompanied with cheaper prices and then cheaper prices motivated a new round of boom in efficiency.
Chinese made cars are now mainly produced by robots not workers. EVs are just transitory and the next wave of innovation will be flying cars (roads will be left for trucks). Without Evs as the base, battery tech won't be efficient enough for flying cars.
Learn from Ford.
Volkswagen Sees Electric Vehicles as a Way to Grow in the U.S.: It and other foreign automakers are trying to exploit upheaval caused by new technology to gain market share from their dominant rivals. #Technology#Tech#FutureTech
Curious about the shift from traditional cars to electric vehicles?
The automotive industry is electrifying faster than ever, with giants like BMW, Ford, and GM leading the charge.
From BMW's state-of-the-art Munich plant producing the electric i4, to Ford's groundbreaking F100 Eluminator concept truck, and GM's $2.2 billion Factory ZERO, the move towards EVs is reshaping manufacturing.
Honda and Kia are pushing boundaries with ambitious EV strategies and innovative concepts, while Rivian and Subaru are ramping up production and introducing new models.
Check out how these industry leaders are driving the future of transportation and transforming the automotive landscape.
https://lnkd.in/eZ9RjCyW#ElectricVehicles#AutomotiveInnovation#EVRevolution#SustainableTransport#FutureOfDriving#GreenManufacturing#AutoIndustry
Automakers are facing profit pressures in their traditional car businesses as they navigate the costly transition to electric vehicles. This has caused concern among investors and led to a decline in share prices for companies like Ford Motor, Tesla, and Stellantis.
Key takeaways:
- Car companies are facing speed bumps in their profitability, from warranty expenses and bloated vehicle inventory to pricing pressures and trouble in overseas operations.
- While the industry has been pushing towards transforming vehicles into tech-infused electric cars, the enthusiasm of investors has faded due to limited demand for electric vehicles.
- Automakers are trying to maintain a focus on their future bets, such as autonomous cars and humanoid robots, but are also feeling pressure to maximize profits in their traditional combustion-engine businesses.
#NNNPro#Dealership#Capital
Ford Motor Company is cancelling plans for a large electric sport-utility vehicle and expects to take $1.9 billion in related special charges and write-downs as automakers continue adjusting their EV plans because of softer-than-expected demand.
The automaker said it would delay plans for an electric three-row SUV by two years to a 2027 release date. On Wednesday, the company said it is scrapping the model altogether, citing tough pricing pressure as automakers resort to aggressive discounts to move their EVs.
Ford instead will offer a hybrid gas-electric version of a future large, three-row SUV, a popular vehicle category that includes the brand’s Explorer and Expedition nameplates.
The company also pushed back the launch of a new electric pickup truck by one year, until 2027. In addition, Ford said it would trim its capital spending on fully electric vehicles to about 30% of its budget, from 40%.
“Based on where the market is and where the customer is, we will pivot and adjust and make those tough decisions,” Ford Chief Financial Officer John Lawler said.
#ford#electricvehicles#automotive#sustainability#marketadjustments#hybridvehicles#suv#evplans#automotiveindustry#fordmotorcompany#capitalspending#pricingpressure#electricpickup
🚗 Ford's Smart Move: Prioritizing What Consumers Want 🚗
Ford is prioritizing consumer demand by canceling plans for an electric SUV in favor of popular hybrid models. As many buyers still prefer gas-powered vehicles, this pivot shows Ford’s realistic approach to balancing EV innovation with practicality. By delaying the launch of new EVs and investing in hybrids, Ford is ensuring that they deliver what customers want while staying competitive in a challenging market.
💬 Do you agree with Ford’s decision to prioritize hybrids over fully electric vehicles?
#Ford#HybridVehicles#ConsumerFirst#SmartBusiness
This article lays out the looming threat to the US auto industry if very inexpensive electric vehicles now being made in China and being sold for $15,000 or less are imported into the US. Ford, GM, and Stellantis (formerly Chrisler) all face a potential existential risk of survival. The Inflation Reduction Act and other laws have provided government funding to build out the battery and EV manufacturing to compete but US traditional automakers are struggling to make the transition. South Korea’s car companies have made great strides with EVs. US EV-only companies like Tesla, Rivian, and Lucid are leaders in the space with great technology. The next 2-3 years may be decisive for the health of the Detroit automakers.
One of America's longest tenured business journalists. Anchor, Sr. Nat'l Correspondent & lead energy reporter for CNBC. Called the subprime crisis in 2007. VT Hokie, car racer & funnier than you'd think.
The last couple of years I’ve certainly taken a little heat for my critical eye toward the huge push for an all-EV future.
As a guy who drives - a lot - it was clear it just didnt make sense for everyone, especially given the relatively high cost among non-Tesla electrics.
I’m also not a big fan of government meddling into private markets, but that’s a different issue …
Now Ford (and also GM) continue to listen to customers and move more toward the middle ground and hybrids. Listening to customers = smart.
Now Ford making more big moves, delaying a new plant and cancelling a big electric SUV (which prob would cost well over $100k and go about 275 miles)
Our critical take on this important industry wasn’t always popular but I think it was correct. EVs will continue to grow as a % of car and truck sales, but that growth has to be profitable for Detroit or there will be no Detroit. Maybe let Tesla and a few others duke it out on the market for lower cost electrics.
Being tough on the car industry the last few years about this sort of reminds me of my subprime coverage in 2006 and 2007. The more people that yelled about it, the more I felt it was accurate. Detroit is making moves to make sure it doesn’t end up the same way.
Kudos to Ford (and GM) for listening to customers and pivoting.
Ford draws up an Ultium-like EV platform for any vehicle type, from trucks to small coupes Is Ford taking a page from rival GM? A new patent filing hints an Ultium-like EV platform could be in the works to power Ford’s next-gen electric pickup, or any other electric car, for that matter. Ford’s CEO Jim Farley confirmed its second-gen EVs are “deep in development” almost a year ago. This includes Ford’s https://lnkd.in/gfXfwMe4
Top Renewable Energy Voice || Top Writing Voice || Writing/speaking on the renewable energy and electric vehicle industries, sustainability, and energy transition
Ford Motor Company's innovation comes to the fore as they develop a low-cost platform for small electric vehicles, its weapon in the new low-cost EV wars.
CEO Jim Farley reveals that a dedicated team has crafted a versatile platform, set to diversify Ford's electric lineup and enhance software and service offerings.
The strategic pivot to smaller, more affordable EVs addresses the critical challenge of cost, setting the stage for a competitive edge against Tesla and Chinese manufacturers.
#FordEV#Sustainability#ElectricVehicles#Innovation#AutoIndustryhttps://lnkd.in/eFyQnAXJ
*Interview highlights of Jim Farley, CEO, Ford*
# EV range anxiety should not be an issue for 95% of Americans as their daily running is much lower than range offered by vehicles today; EV prices have fallen 22% on average over the past 2 years
# Believes next gen of EVs (5 years down the line) would be profitable for Ford, investments should go towards making smaller EVs; larger battery sizes will not allow EVs to be profitable even at low commodity prices
# In commercial vehicles (vans), electrification journey is happening faster than expected; retail customers are buying EVs with larger range than required and not using it while commercial customers have an exact idea about daily use
# China owns all battery processing and supply chain; another advantage for Chinese companies is the massive government support in the form of free land, subsidies, R&D support, etc.
# Lot of Hybrids and EV buyers are buying these vehicles for bi-directional use e.g. charging up their homes or work sites
# Nearly all of Ford and Tesla's battery technology is supplied by Japanese and Korean players, but the battery processing takes place mostly in China - which remains a key risk; other risks include data privacy in EVs and possible national security issues with autonomous vehicles
