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Shifting Focus to Smaller, More Affordable EVs is “Nonnegotiable,” says Ford CEO Farley

Shifting Focus to Smaller, More Affordable EVs is “Nonnegotiable,” says Ford CEO Farley

After delaying billions of dollars in investments, Ford is shifting its EV strategy to put more focus on smaller, more affordable models – but ones that will also deliver quick profits, CEO Jim Farley said during an automotive conference in New York on Thursday. EV...

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.

Tesla Planning $25,000 EV Codenamed “Redwood”

Tesla Planning $25,000 EV Codenamed “Redwood”

Tesla CEO Elon Musk has repeatedly promised to bring more affordable EVs to market but has so far failed to pull it off. Now, however, a report indicates the Texas-based automaker is getting ready to follow through with a compact crossover that could be available by mid-2025 at a starting price of $25,000. More from Headlight.News.