EV Truck News

Ford Motor Co. stock rose more than 9% in after-hours trading Wednesday after the auto maker reported mixed third-quarter results but raised guidance for this year, resumed its dividend and said chip shortages are easing. Ford (F) said it earned $1.8 billion, or 45 cents a share, in the third quarter, compared with $2.4 billion, or 60 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 51 cents a share. Revenue fell 5% to $35.7 billion from $37.5 billion a year ago. Analysts polled by FactSet expected the auto maker to report adjusted earnings of 27 cents a share on sales of $38.2 billion. "We are creating a spring-loaded future as we emerge from the chip shortages and COVID constraints," Chief...

Electrify America, the nation’s largest open ultra-fast DC charging network for electric vehicles (EV), today announced the construction groundbreaking of charging stations in two new states: South Dakota and Wyoming. These new charging locations build on Electrify America’s more than 670 charging stations in the U.S. and represent the company’s continued rapid expansion, bringing its presence to 47 states and the District of Columbia. “More people are choosing electric vehicles for their daily transportation needs. At the same time, we are accelerating plans to more than double our current EV charging network by the end of 2025,” said Anthony Lambkin, Senior Director, Electric Vehicle Infrastructure Operations, Electrify America. “The...

DALLAS and DEARBORN, Mich., Oct. 26, 2021 /PRNewswire/ -- Ford Motor Company and AT&T are enhancing the Rouge Electric Vehicle Center on Ford's historic Dearborn Rouge site -- the future of EV production -- by outfitting it with highly secure, next-generation 5G cellular connectivity to help build the new all-electric Ford F-150 Lightning pickup. Ford's private 5G network based on AT&T 5G with AT&T's Multi-Access Edge Computing (MEC) technology will support production of the 2022 Ford F-150 Lightning, the first all-electric version of America's best-selling F-Series truck. "With this collaboration, we'll help Ford unlock the potential of 5G helping to build the truck of the future," said Rasesh Patel, Chief Product & Platform Officer...

The Ford F-150 Lightning order books were expected to open on October 26, however that appears to have been pushed back by more than a month. According to several Facebook & Forum posts from multiple customers / reservation holders posted screenshots of emails from their local dealers with info about the delay. The first possibility to order the Ford F-150 Lightning is now expected in December, while the market launch is scheduled for Spring 2022. Source: https://www.facebook.com/groups/fordlightning &. Source: insideevs.com

DETROIT, Oct 21 (Reuters) - Ford Motor Co (F.N) sees a robust market for electric trucks and vans by 2030, but it is facing some early pushback from commercial customers that are a key audience for the automaker's new F-150 Lightning and E-Transit, a top executive said on Thursday. The Lightning pickup and E-Transit van "are targeted at real people doing real work," said Ted Cannis, chief executive of Ford Pro, at the Reuters Events Automotive Summit. But some of those potential fleet buyers are taking a "wait and see" attitude, partly from a lack of experience with electric vehicles and partly from a lack of clarity on government policy and regulations around EVs. Continue Reading @...

According to a post on the Lightningowner, a Ford dealer sent info to reservation holders that the Ford Lightning order bank is scheduled to open on October 26. Can anyone else confirm this?

Ford and South Korean battery manufacturer SK Innovation will spend a combined $11.4 billion to build several new factories in the Tennessee and Kentucky focused on the development and production of electric vehicles and the batteries that power them. The new facilities represent the first new plants built by Ford, completely from scratch, in over 50 years. The Tennessee plant will be a “mega campus” that houses a vehicle-production facility for Ford’s F-series pickup trucks and a battery assembly division, while the twin factories in Kentucky will manufacture lithium-ion batteries. The facilities won’t come online until 2025, but Ford CEO Jim Farley says the investment signals the seriousness with which the company is taking its...

FORD BEGINS PRE-PRODUCTION OF ALL-ELECTRIC F-150 LIGHTNING TRUCK, BOOSTS INVESTMENT, ADDS JOBS IN MICHIGAN One year after Ford confirmed construction of the Rouge Electric Vehicle Center in Dearborn, Mich., the first Ford F-150 Lightning pre-production units begin leaving the factory; the all-electric F-150 Lightning goes on sale next spring With 150,000 reservations for F-150 Lightning to date, Ford is investing an additional $250 million and adding 450 more direct jobs across three southeast Michigan facilities, including the Rouge Electric Vehicle Center, to increase production capacity Ford has invested $7.7 billion in Michigan since 2016 and created and retained 7,000 jobs in the state DEARBORN, Mich., Sept. 16, 2021 – As the...

Ford is telling dealers not to advertise the new F-150 Lightning for less than MSRP in a move that could frustrate buyers looking to get the best deal. According to a bulletin sent yesterday to dealers, the brand won't allow any F-150 Lightning EV prices to be listed for less than sticker price or else risk losing a major subsidy. The rule stems from a Minimum Allowable Advertised Price (MAAP) first implemented with the Mustang Mach-E that has since been extended to the 2022 F-150 Lightning truck. Both models don't have a traditional invoice price, and running afoul of the rule could result in dealers missing out on a sizable payout from Ford. Continue reading @ CarsDirect.com