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...The company will release its full-year results at the end of the month....
...Ford sales rose nearly 11 per cent in February compared with a year earlier, driven by sales of sport utility vehicles and hybrids. The company sold about 174,000 cars, trucks and SUVs last month....
...Tavares, whose company owns the Jeep and Ram brands that compete directly with Ford and GM, said that slowing EV demand globally was due to high prices, but warned companies against cutting them on vehicles...
...Sales growth of electric cars has slowed in the past year, with carmakers increasingly forced to discount models in order to generate sufficient consumer demand, while companies from General Motors and Ford...
...Sales grew by 55 per cent between January 2022 and January 2023....
...The company would “probably” have to overtake GM in US pick-up truck sales to hit its 2027 goal, Imparato said....
...Companies including Ford have delayed expansions of their range of EVs, hedging their bets with hybrid models....
...The decade-long effort to build a product that competes with the likes of Tesla and Rivian has never been officially confirmed by Apple, and a spokesman for the company declined to comment....
...In the US, lawmakers have reportedly asked the Biden administration to investigate Chinese companies involved in Ford Motor’s planned Michigan battery plant....
...Companies such as BMW and Ford enable cars to sync to smartphones, allowing drivers to play music or unlock their vehicle. Eventually, that could extend to autonomous driving controls too....
...Every day, they trawl auctions and sales across the world, but they rarely buy from individuals....
...vehicle sales behind Tesla....
...’ total EV sales....
...It posted a pre-tax loss of £70mn on sales of £380mn in the year to January 31 2023, according to its most recent filings at Companies House....
...Although electric car sales including plug-in hybrids rose sharply in the US last year, the market is small. US sales rose 58 per cent to 1.5mn in 2023, only 9.6 per cent of the total....
...There is also doubt about the future of a licensing agreement between CATL and Ford, under which the US automaker planned to use the Chinese company’s technology at a planned $3.5bn plant in Michigan....
...He added: “We see the big three [Ford, GM, Stellantis] backing off on big EV investments and going into hybrids.”...
...Ford reported a 10 per cent increase in sales of cars, trucks and vans during the second quarter compared to the same period last year, even as electric vehicle sales declined....
...Moreover, GM and Ford have been concentrating on making bigger and higher-priced electric SUVs and pick-up trucks, but sales for those have been relatively sluggish....
...Roughly half of the new EVs on sale in the UK offer 0 per cent finance, sometimes with offers that effectively cut the price of a vehicle by a third....
...Carmakers, like all companies, only have a certain number of chips to place on the board....
...In 2021, Field was poached by Ford....
...Ford has suspended construction of a $3.5bn electric battery manufacturing plant in Michigan, US, amid controversy over the plan and an auto workers’ strike....
...The company has said it will be selling 5mn hybrids annually by about 2025. By contrast, Toyota has targeted just 3.5mn BEV sales annually from 2030....
...Of Ford’s $1.1bn profit in the final quarter of last year, roughly a quarter came from the Ford Credit arm. In 2021, the finance unit generated half of Ford’s entire annual profits....
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