Tag: Ford Motor Co.

Nvidia becomes Tesla’s successor as market flips from EV to AI
4Mar By adminNo Comments
Technology

Nvidia becomes Tesla’s successor as market flips from EV to AI

[ad_1] Nvidia Corp.'s rise is captivating the stock market and driving the S&P 500 Index to new highs. But it also raises cautionary reminders of another investor darling that soared on dreams of a technological transformation, only to tumble back to earth when those hopes turned to disappointment. That stock belongs to Tesla Inc., which sparked its own mania in 2017 as investors bet that electric vehicles were going to take over the world. Back then, Elon Musk's company was a phenomenon as it blew past established carmakers like General Motors Co. and Ford Motor Co. in market capitalization to become America's biggest auto manufacturer. Some analysts were looking beyond the industry and calling it “the next Apple Inc.” Now, Tesla shares are down more than 50% from their 2021 peak, ...
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Volkswagen, GM, Ford are being forced to reduce output or delay new electric vehicle models
29Nov By adminNo Comments
Technology

Volkswagen, GM, Ford are being forced to reduce output or delay new electric vehicle models

[ad_1] Bayerische Motoren Werke AG Chief Executive Officer Oliver Zipse was incredulous when asked this month whether the German premium carmaker would respond to a brutal price war in electric vehicles by cutting production. “Do I understand you right that you try to slow us down? Two years ago, it was the other way around,” he told analysts, triggering wry laughter.  Carmakers not called Tesla Inc. have spent the past decade being cajoled by governments, capital markets and journalists like me to speed up the transition to electric vehicles — and for good reason, because the planet is overheating. Now that EV sales aren't growing as fast as anticipated, Volkswagen AG, General Motors Co. and Ford Motor Co. are being forced to either reduce  EV output or delay new models and factories. ...
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A two-speed electric car market is heading for a crash
30Oct By adminNo Comments
Technology

A two-speed electric car market is heading for a crash

[ad_1] The world's auto industry is accelerating in two directions at once. Unless those contradictions are resolved, carmakers risk running themselves off the road.In China and Europe, the transition to electric vehicles is gathering pace. Battery-powered autos made up nearly a quarter of sales in both markets in August, according to Morgan Stanley, with plug-in hybrids lifting the total share to 38% and 28%, respectively. Things look very different in the US and India, where penetration is struggling to break north of 10%, and in Japan, where it's on life support at 3%. Honda Motor Co. said last week it was dropping plans to build a sub-$30,000 EV with General Motors Co., while GM and Ford Motor Co. and have pushed back targets for boosting sales of battery vehicles. Even Elon Musk ha...
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Ford Chairman Says US Isn’t Ready to Compete With China in EVs
19Jun By adminNo Comments
Technology

Ford Chairman Says US Isn’t Ready to Compete With China in EVs

[ad_1] Ford Motor Co. Executive Chairman Bill Ford Jr. said the US is “not quite yet ready” to compete with China in the production of electric vehicles and said his company is taking an “all hands on deck” approach to prepare.“They developed very quickly, and they've developed them in large scale, and now they are exporting,” Ford said in an interview on CNN's Fareed Zakaria GPS. “They are not here, but they will come here we think at some point and we need to be ready, and we're getting ready.” China is poised to become the world's No. 2 exporter of passenger vehicles, potentially reshaping the global auto industry and shaking up the dominance of its car trading partners and rivals. Overseas shipments of cars made in China have tripled since 2020 to reach more than 2.5 million last ye...
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