Ford to focus on EVs and trucks, phasing out its passenger cars
In an announcement made during Ford’s latest financial report this week, CEO Jim Hackett said that passenger cars are being phased out by the automaker, with its focus having shifting chiefly to electric vehicles (EVs) and trucks. The move towards electric vehicles from Ford can be considered as the biggest boost for electric vehicles segment. In the recent weeks, many automobile companies have recognized EV segment as the future and Ford’s decision to phase out conventional cars will give further push to electric vehicles market.
With the announcement implicitly hinting that passenger cars being aggressively phased out by Ford, Hackett said that the automaker has efforts underway towards “building a winning portfolio.” He further added that Ford is presently “focusing on products and markets where Ford can win.”
The announcement made by Hackett implies that all sedans are apparently being phased out by Ford in North America. The company has not detailed its plans or any timeline for implementing changes in its product portfolio yet.
Hackett specifically said in the announcement that Ford has no plans for investment in the next-generation models of its traditional sedans for North America; and added that trucks, utilities and commercial vehicles will comprise nearly 90 percent of the automaker’s North America portfolio by the year 2020.
According to the information shared by Hackett, the car portfolio of Ford in North America in the next few years will transition to two vehicles --- “the best-selling Mustang and the all-new Focus Active crossover coming out next year.” Hackett also said that new “white space” vehicle silhouettes – which amalgamate the finest features of cars and utilities -- are also being explored by Ford.
According to a new report coming via Second Measure, Tesla Model 3 reservations have been witnessing an incredible increase in recent times, but nearly 23% of the vehicle’s reservations have apparently been refunded by the automaker.
In its 2018 first-quarter report, electric vehicle manufacturer Tesla Motors informed that the recall of Model S vehicles in March was caused by rusty bolts supplied by German auto parts supplier Bosch.
In a recent interview with Autocar, an executive at British automaker Jaguar said that the ‘SVR’ performance version of the automaker’s new all-electric I-PACE SUV could be quicker than US electric vehicle maker Tesla’s next-generation Roadster.
In a recent announcement made via The Verge, Alphabet’s Waymo division has revealed that it is expanding its self-driving fleet with the addition of 62,000 more units of the Chrysler Pacifica Hybrid minivan.
According to a new report, EV startup Rivian Automotive has shared some interesting details about two electric vehicles -- A1T Pickup Truck and AIC SUV -- which it plans to produce at an old Mitsubishi vehicle-manufacturing factory in Normal, Illi
According to EV magazine Electrek report, US electric vehicle maker Tesla has hired Swedish automaker Volvo’s Senior Exterior Designer Ian Kettle, in a new role at the Tesla Design Studio in Los Angeles.