Will a Ford EV spinoff happen? Sources say that Ford Motor CEO Jim Farley is strongly considering separating its electric vehicle business from its traditional engine operations. Ford's shares jumped following reports that the company is entertaining the possibility of an EV spinoff. more
For the first time in his U.S. presidency, Joe Biden publicly acknowledged Tesla's status as the country's largest producer of electric vehicles during a speech to promote companies in the United States that are expanding the nation's EV infrastructure. more
Ford Motor has expanded its Bronco SUV lineup, with the US automaker including a new Raptor model to its fleet. The 2022 Ford Bronco Raptor is set to sell in the United States later this year, starting at around $70,000. more
Ford already has plans to redesign its SUVs like the Escape in 2018, the Explorer in 2019 and the Edge in 2021. more
Ford will be launching a new brand called Omnicraft to sell parts to Ford dealers and other independent repair shops. more
Ford Motor targets to build a new auto assembly plant in Mexico which is worth $1.6 billion of investments. more