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Month: February 2024

Ford CEO Farley Reveals “Skunkworks” Program Developing Low-Cost EV

Ford CEO Farley Reveals “Skunkworks” Program Developing Low-Cost EV

With EV sales growth flattening out, automakers are struggling to find ways to charge them back up. A critical step will require the launch of new, affordable models like the Model 2 Tesla reportedly is developing. During an earnings call, Ford CEO Jim Farley said he’s not planning to cede the market to his rival, revealing that the second-largest Detroit automaker has a “skunkworks” project underway to develop new EVs that could match, perhaps even undercut what Tesla is working on.

Rivian Announces March 7 Reveal for Lower-Priced R2 Line

Rivian Announces March 7 Reveal for Lower-Priced R2 Line

Rivian plans to take a step closer to becoming a full-line automaker next month, the automaker confirming it will reveal its R2 line on March 7. Smaller than the existing R1T pickup and R1S SUV, the R2 models also will be more affordable, officials last year indicating they could start around $40,000. Get the details at Headlight.News.

Ford Debuting Two Off-Road EVs, Mustang Mach-E Rally and Lightning Switchgear, at Chicago Auto Show

Ford Debuting Two Off-Road EVs, Mustang Mach-E Rally and Lightning Switchgear, at Chicago Auto Show

Ford may be slowing its $11-billion EV investment program but it’s still rolling out new entries, and two of them will make their debut at the Chicago Auto Show this coming week. Notably, both the Mustang Mach-E Rally and F-150 Lightning Switchgear take aim at those looking for off-road-capable battery-electric vehicles, a growing EV niche. See the story at Headlight.News.

Money, Drugs, Elon Musk and the Tesla Board of Directors

Money, Drugs, Elon Musk and the Tesla Board of Directors

Elon Musk created a fair share of controversy several years ago when he appeared to smoke a joint during an appearance with podcaster Joe Rogan. A new report is kicking up even more dust, the Wall Street Journal alleging money and drugs have improperly tied the Tesla CEO to the same board of directors that previously approved a $55 billion pay package for Musk.