Ford’s First-Quarter Sales Surge: A Shift Towards Affordable and Hybrid Vehicles
Ford Motor Co reported a notable 6.8% increase in its first-quarter U.S. auto sales, signaling a robust performance driven by strong demand for its lineup of pickup trucks, crossover SUVs, and hybrid vehicles. The surge in sales, particularly in the pickup truck segment, reflects evolving consumer preferences amid economic conditions marked by higher living costs. […]
Court puts sales ban on Ford’s internet linked cars in Germany
A German court has put a nation-wide sales and production ban on Ford cars able to establish internet connection. It said this as a part of a lawsuit over the violation of wireless technology patents. The verdict by the Munich regional court is not legally binding. It said that this can still be appealed, adding […]
Ford sells shares in EV maker Rivian for $214 MLN
The U.S. automaker said that Ford Motor Co sold eight million shares of electric-car maker Rivian Automotive Inc for $214 million, or $26.80 apiece. Ford now holds nearly 94 million shares, or a 10.5% stake, and is still the fourth-largest shareholder in the Irvine, California-based company. Rivian is struggling in a competitive market, including competition from Ford’s […]