Teenage girl killed, others injured in 3-car Fairhaven crash
A third vehicle, a 2019 Dodge Ram 1500, sustained minor damage, and the two occupants of the truck were not hurt.
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It's unclear what caused the accident. State Police assigned to the district attorney's office are helping investigate the crash.
Nathan Metcalf can be reached at
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Yahoo
a day ago
- Yahoo
Is Ford Stock Worth Buying Now on its EV Strategy Shift?
Ford F is rewriting its electric playbook. After a few tough years in the EV market, the automaker is steering away from high-priced models and aiming for affordability. The new plan revolves around a fresh platform designed for a lineup of lower-cost EVs. It's an ambitious bet that could reshape Ford's position in the EV race if executed well. At this point, it's worth asking whether it makes sense to buy Ford stock now. But first, let's look at why the company needed a strategy shift and what's included in its new plan. Ford's New Play: Affordable EVs Ford's latest plan centers around the new Ford Universal EV Platform, which will underpin a family of lower-cost electric models. The first in line will be a midsize, four-door electric pickup, with an expected starting price of around $30,000. Production will take place at the Louisville Assembly Complex in Kentucky, backed by a $5 billion investment that will add nearly 4,000 jobs. Deliveries of the model are slated to begin in 2027. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Ford CEO Jim Farley has called the company's new affordable EV push its next 'Model T moment.' Alongside the new pickup, Ford is delaying its large electric truck and van to 2028. Meanwhile, it's deepening focus on lithium iron phosphate (LFP) batteries, which will be assembled in the United States. This is a first for any automaker in America and should help reduce costs while freeing up vehicle interior space. The new platform streamlines production. Ford says it reduces parts by 20%, fasteners by 25%, and plant workstations by 40%, cutting assembly times by about 15%. These efficiencies are crucial for keeping the $30,000 target price realistic — especially with shifting U.S. EV policies under President Donald Trump, including the planned end of EV tax credits after Sept. 30. Why Ford's EV Business Needed a Rejig In 2021, Ford made headlines with the Mustang Mach-E, followed by the F-150 Lightning and an electric van a year later. The quick rollout initially put it ahead of other legacy automakers like General Motors GM. But as EV sales growth slowed, material costs soared, and Tesla TSLA began aggressive price cuts, Ford's EV business started looking less appealing. Ford's electric vehicle business has been a drag on its bottom line. Over the past two and a half years, the division has racked up roughly $12 billion in losses, including $2.17 billion in just the first half of this year. In contrast, General Motors took a slower, more methodical path to EV production. It focused on developing standardized batteries to lower costs and formed joint ventures that quickly built battery plants. As a result, General Motors sold over 46,000 EVs in the second quarter (second only to Tesla)— more than double Ford's total — and now offers more than 10 electric models, ranging from the $35,000 Chevrolet Equinox EV to the $130,000 Cadillac Escalade IQ. Meanwhile, Chinese companies like BYD Co Ltd BYDDY have surged ahead globally. BYD now sells more EVs than any Western manufacturer, producing them at a fraction of the cost and putting pressure on U.S. automakers to rethink their strategies. In fact, BYD dethroned Tesla in EV sales for the third straight quarter in battery EV sales in the second quarter of 2025. Tariffs & Recalls to Weigh on Ford Ford's challenges extend beyond EV losses. The company has faced costly recalls and repairs on its gasoline-powered lineup, denting profits from its core truck and SUV business. Tariffs are another growing headache. In the second quarter alone, Ford absorbed $800 million in tariff-related costs. It now expects a net $2 billion tariff hit for 2025, up from earlier forecasts. The gross impact could be as high as $3 billion, though Ford aims to offset $1 billion through cost-cutting Ford has been leading the auto industry in recalls so far in 2025. These headwinds contrast with GM's steadier profitability in recent years and highlight how far Ford must go to stabilize its earnings. And while BYD's low-cost manufacturing model poses a serious threat in global markets, it also sets a benchmark Ford will need to match or beat if it hopes to gain share internationally. F Not Without Strengths It's not all bad news. Ford's Pro division, which serves commercial and government fleets, continues to perform well. Hybrid sales are growing, giving Ford a hedge as EV adoption slows. The company also boasts a strong balance sheet and an attractive dividend yield, appealing to long-term income-focused investors. The Zacks Rundown on Ford Stock Shares of Ford have increased around 10% over the past year, underperforming the industry. Image Source: Zacks Investment Research From a valuation standpoint, F trades at a forward price-to-earnings ratio of 0.27, below the industry average. It carries a Value Score of A. Image Source: Zacks Investment Research See how the Zacks Consensus Estimate for Ford's earnings has been revised over the past 60 days. Image Source: Zacks Investment Research The Bottom Line on Ford Ford's new EV strategy has potential, especially if it can deliver a $30,000 electric pickup with decent margins. The shift to U.S.-made LFP batteries and streamlined production is a smart response to rising costs and fierce competition from Tesla, GM and BYD. But the benefits are still years away. Also, lest we forget, the company has scaled back some of its earlier EV ambitions, pausing one of four planned battery plants. CEO Jim Farley has, in fact, warned that there are 'no guarantees' the new manufacturing approach will succeed. For now, the focus is on proving the economics of its affordable EV program before scaling further. For new investors, it may be too soon to jump in. The stock could gain momentum once Ford shows real progress in executing its affordable EV plans and improving profitability. Until then, patience may pay off. Existing shareholders, however, can take comfort in Ford's dividend and long-term prospects — provided they're willing to weather some short-term bumps along the way. F stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
USA Today
a day ago
- USA Today
More than 100,000 Ford cars recalled. See impacted models.
More than 100,000 Ford trucks have been recalled because of a wheel bolt that may break and increase the risk of a crash. Ford discovered that some F-150 trucks in in the model years 2023 to 2025 could have a rear-axle hub bolt that is susceptible to breaking, which can cause damage to the axle hub splines, according to a recall notice posted on Aug. 8 by the National Highway Traffic Safety Administration (NHTSA). Damage to the axle hub splines can cause the vehicle to roll away, increasing the chance of a crash, the recall notice said. This recall expands a previous NHTSA recall issued in December 2023 that applied to Ford F-150 trucks in model years 2021 to 2023. The previous recall was similarly caused by the rear-axle hub bolt. The issue can be remedied by replacing the car's rear-axle shaft assemblies, according to the recall notice. Here's what to know: Which Ford vehicles are being recalled? About 103,000 Ford F-150 trucks cars in the model years 2023 to 2025 are part of the recall, according to the NHTSA notice. The affected vehicles are equipped with the Trailer Tow Max Duty package, the notice said. Owners will be notified via letters that are expected to be mailed between Aug. 18, 2025 and May 22, 2026. Customers can also contact Ford customer service at 1-866-436-7332 and mention the code for this recall: 25S82. What to do if your car has been recalled Owners with impacted vehicles should bring their truck to a Ford or Lincoln dealer to have the left and right rear-axle shaft assemblies replaced. The replacement will be made free of charge. How to check if your car has been recalled To check the status of recalls on vehicles, car parts or car accessories, use the NHTSA recall database or USA TODAY's car and motor vehicle recall database. Car owners can see if their vehicles have been recalled by searching their car's make or model. Also, direct searching is available on the NHTSA website by inputting your vehicle's license plate number or vehicle identification number. Melina Khan is a national trending reporter for USA TODAY. She can be reached at
Yahoo
2 days ago
- Yahoo
Ford announces $5 billion US investment as part of its ‘next Model T moment'
Ford plans to invest billions in new electric vehicle production, calling it the company's 'next Model T moment.' Ford said Monday it will invest $5 billion into a new assembly line and battery production to build EVs, including for a new, unnamed model that Ford says will be the most affordable electric pickup truck on the market. Ford said this announcement will add or 'secure' 4,000 US jobs. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service 'We took inspiration from the Model T – the universal car that changed the world,' Doug Field, Ford's chief EV digital and design officer, said Monday. 'We think today will be a turning point for Ford Motor Company and the auto industry.' Ford says about $2 billion of the investment will secure 2,200 hourly jobs at its Louisville assembly plant to build the company's next generation of electric vehicles. However, Ford said the conversion at the plant from gas powered SUVs to electric vehicle will require about 600 fewer jobs than it currently needs, at least partly because the new assembly line will be more efficient. Ford may also produce fewer cars. When asked about the job loss on CNBC Monday, Ford CEO Jim Farley suggested that some workers could be moved to the Kentucky Truck plant, Ford's largest factory that is also in Louisville. He also said Ford would be adding additional EV models to the Louisville Assembly plant. 'So the 2,200 (jobs) is just the beginning,' he said. 'By the way, we're adding 1,700 new jobs up in Michigan that don't exist today. The 600 people here will have plenty to do.' The other jobs and investment will be directed to that Michigan battery plant, whose investment has actually been in the works since 2023. Ford is the latest company to announce a large investment in US operations as it faces steep tariffs on imports and demands by the Trump administration to shift manufacturing back to the United States. Ford already builds more cars in America than any automaker. But the company said Monday it does not plan to shift production of one of its electric models, the Ford Mustang Mach-E, from a plant in Cuautitlan, Mexico. Ford's announcement also introduced a new battery design, which will be smaller and lighter than its previous versions. The new battery will allow the company to price a new EV pickup at $30,000, making it one of the most affordable available. By comparison, the Ford F-150 Lightning pickup has a starting price of about $55,000. The new line will be up and running in 2027, the company said Monday. But the Trump administration has cut federal government support for electric vehicles by doing away with tax credits to help buyers, as well as rolling back emissions regulations put in place by the Biden administration. And Ford is currently losing money on its EVs. While its EV revenue nearly tripled in the first half of this year compared to a year ago, it still lost $2.2 billion in the EV segment during the same time period. Ford said the most significant change will be a different design for its assembly line, which has basically been in a straight line since its founder Henry Ford started the first auto assembly line in 1913. The automaker said its new assembly line will be a tree layout rather than a straight line, with several lines feeding vehicle parts into one another. Ford said the new design will lower costs while making production faster and less difficult for workers on the line. — CNN's Vanessa Yurkevich contributed to this report.
