LOUISVILLE: Ford Motor Co. said Monday it will invest $2 billion in its Louisville Assembly Plant to accelerate production of affordable electric vehicles, marking a major step in the automaker’s push to expand its EV lineup. The Detroit-based company plans to build a midsize, four-door electric pickup at the Kentucky facility, with production expected to…
Ford Motor on Monday said it has hired former Apple executive Peter Stern as the president of its newly formed Ford Integrated Services unit to help build new high-margin digital and subscription services. Stern, who previously oversaw Apple TV+, iCloud and Apple News+, will report to Ford CEO Jim Farley. In his new role, Stern…
Ford Motor Co. on Monday announced a sharp reduction in the prices of its F-150 Lightning electric trucks, including a 17% cut for the base model, as it seeks to gain an edge over Tesla Inc. in the fast-growing EV market. The Detroit-based automaker said it was able to lower prices after improving its scale…
DEARBORN: The all-new Ford F-150 will be detailed by company leaders during a June 26 conference call with Citi Research. The call, hosted by Citi’s Itay Michaeli following the global reveal of the all-new F-150 on June 25, will feature: Ford Truck Group Marketing Manager, Todd Eckert; F-150 Chief Engineer, Craig Schmatz; Ford Executive Director…