Latest News Updates From Keith Naughton

Business, Equipment

Ford to Invest $700 Million in Kentucky Plant to Build Big Pickups

Ford Motor Co. is investing $700 million at its sprawling truck factory in Louisville, Ky., and adding 500 workers to help build a redesigned version of its largest F-Series pickups.

September 27, 2022
Business, Technology, Equipment, Autonomous

Ford Breaks Ground on $5.6 Billion Complex for EVs, Batteries

Ford Motor Co. has begun construction of its $5.6 billion electric vehicle manufacturing complex in western Tennessee, the largest factory project in the automaker’s 119-year history.

September 23, 2022
Business, Logistics

CSX Hires Ex-Ford Executive Joseph Hinrichs as CEO

CSX Corp. named Joseph Hinrichs as its next chief executive officer, handing the reins of the railroad giant to a former top executive with Ford Motor Co.

September 15, 2022
Business, Fuel

Ford to Cut 3,000 Jobs to Fund Shift Toward EVs

Ford Motor Co. said it’s cutting 3,000 jobs this week in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles.

August 22, 2022
Business

A Quarter of Americans Say Their Next Car Will Be an EV

A quarter of Americans surveyed say they will buy an electric vehicle as their next automobile as gasoline prices soar to record levels.

July 13, 2022
Business, Equipment

Ford Sales Jump in June on Gains for F-Series Pickups

Ford Motor Co. sales jumped 31.5% in June thanks to big gains from its top-selling pickup truck line, including the electric F-150 Lightning.

July 5, 2022
Business, Fuel

Ford Halts Sales of Mustang Mach-E Over Defect

Ford Motor Co. has told dealers to temporarily halt sales of the Mustang Mach-E over a potential safety defect, a setback for the carmaker as it tries to fortify its position as a leader in electric vehicles.

June 14, 2022
Business, Technology, Autonomous

Ford-Backed Argo Goes Driverless in Miami, Austin

Argo AI, the driverless startup backed by Ford Motor Co. and Volkswagen AG, has started testing self-driving vehicles in Miami and Austin, Texas, without a human behind the wheel.

May 17, 2022
Business

Ford Profit Falls Short of Estimates Despite Rising Car Prices

Ford Motor Co. reported fourth-quarter earnings that missed analysts’ estimates despite a surge in prices for its vehicles, and warned of higher commodity costs in the year ahead.

February 3, 2022
Business, Technology

Ford Market Value Tops $100 Billion on Surging Electric Vehicles

Ford Motor Co.’s market value topped $100 billion as investors bet on the 118-year-old automaker’s prospects in the dawning electric age.

January 13, 2022