U.S. auto sales will climb just 3.4% this year to 15.4 million cars and trucks as the semiconductor shortages continue to constrain vehicle inventory, auto dealers predict.
January 11, 2022Latest News Updates From Keith Naughton
Auto Sales to Edge Up 3.4% as Shortages Continue
Ford Doubles Capacity for Electric F-150 as It Opens Orders
Ford Motor Co. will double factory capacity for its electric F-150 Lightning to 150,000 trucks a year and will start taking orders this week for the model, which goes on sale this spring.
January 4, 2022Ford Shatters Estimates as Sales Increase, Resuming Dividend
Ford Motor Co., charging forward with big investments in electric vehicles, reported third-quarter results that beat analysts’ expectations as chip shortages eased and sales grew.
October 27, 2021Ford’s Maverick Hybrid Pickup Truck Nearly Sold Out for 2022 Model Year
Ford Motor Co.’s new Maverick tiny truck is nearly sold out for the 2022 model year in its standard setup with a gas-electric hybrid propulsion system.
October 21, 2021Ford Exits Rivian Board Ahead of Startup’s IPO
Ford Motor Co. has vacated its seat on the board of Rivian Automotive Inc. as the electric truck startup prepares to go public with an expected valuation of $80 billion.
October 13, 2021Worsening Chip Woes to Cost Automakers $210 Billion in Sales
The cost of the intractable semiconductor shortage has ballooned by more than 90%, pushing the total hit to 2021 revenue for the world’s automakers to $210 billion.
September 23, 2021Ford Expands Electric-Truck Factory in Michigan as Demand Surges
Ford Motor Co. is spending $250 million to expand its new factory producing the battery-powered F-150 Lightning as demand surges for the pickup truck, which goes on sale next year.
September 16, 2021Walmart Teams With Ford, Argo to Launch Driverless Delivery Service
Walmart Inc. is teaming up with Ford Motor Co. and self-driving startup Argo AI to launch a driverless delivery service in three U.S. cities.
September 15, 2021Ford, Lyft and Argo Team Up to Deploy Robo-Taxis
Ford Motor Co. and its partner Argo AI will start a self-driving ride-hailing service with Lyft Inc. in Miami and Austin, Texas, later this year. It will be the biggest commercial rollout of robot rides.
July 21, 2021Ford Acquires Battery-Management Startup to Charge EV Fleets
Ford Motor Co. has acquired a startup that specializes in managing charging networks for commercial electric vehicles, a business the automaker hopes could generate as much as $1 billion in revenue by 2030.
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