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Ford outlines strategic plan to investors; connected, smart vehicles and services, EVs and financial fitness

Green Car Congress

The team also is reducing engineering costs by $4 billion from planned levels over the next five years by increasing use of common parts across its full line of vehicles, reducing order complexity and building fewer prototypes. Finally, the innovation on aluminum and light weighting will pay off across a range of Ford trucks and SUVs.

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Toyota plots an all-electric Highlander SUV, will the Tundra and Tacoma be next?

Baua Electric

After a slow start, Toyota is looking to shake things up with its next round of electric cars. Toyota’s second best-selling SUV in the US, the Toyota Highlander, is going fully electric. The Japanese automaker has been notoriously slow in transitioning to fully electric vehicles. of Toyota’s total sales.

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Ford’s love affair with EVs ends as profitability and consumer trends take focus

Teslarati

Ford’s love affair with EVs is coming to an end, the automaker announced today, as it shifted plans for its next few vehicles to be hybrid-electric instead of fully electric. Ford’s new strategy will see its next three-row SUVs utilize hybrid technologies. ” How is Ford’s Strategy Changing?

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Jeep is launching a $25,000 EV in the US ‘very soon’ to revamp the rugged SUV brand

Baua Electric

Another low-cost electric vehicle is headed to the US. A $25,000 Jeep EV is coming to the US soon Jeep’s first fully electric vehicle for the US will officially debut this week. Meanwhile, the rugged SUV brand is already planning a more affordable EV model. Let us know in the comments.

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Toyota opens bZ3X electric SUV pre-orders in China with prices starting under $14,000

Baua Electric

Toyota wants a bigger share of the worlds largest EV market with a new low-cost EV rolling out. Now available for pre-orders in China, the Toyota bZ3X electric SUV starts at just $13,800 (100,000 yuan). The bZ3X electric SUV was unveiled at the 2024 Beijing Auto Show alongside the bZ3C sedan.

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Ford’s EV sales continued climbing in July, but SUVs dampened US growth

Baua Electric

Although Ford’s EV sales rose by double-digits in July, fewer SUV sales led to lower US growth. Ford sold 8,242 fully electric vehicles in the US last month, up 31% (6,280) from July 2023. Farley stressed that Tesla and low-cost Chinese OEMs are the ultimate competition. from July 2023 (173,639).

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Ford delays electric three-row SUV with new EV pickup arriving in 2026

Baua Electric

Ford electric Explorer SUV (Source: Ford) After EV sales picked up in the first quarter, Ford is scaling back as it delays plans to launch its new three-row electric SUV. Ford’s electric vehicle sales surged 86% in the first three months of the year, enough to secure second in the US EV market behind Tesla.

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