Latest news with #FordPowerPromise
Yahoo
a day ago
- Automotive
- Yahoo
Is Ford's Model e Business Dragging Down its Overall Results?
US Legacy automaker Ford Motor Company F operates a dedicated electric vehicle (EV) segment, Model e, to focus and strategize its efforts toward EVs. The company's Mustang Mach-E and F-150 Lightning EVs have been received well by customers. The segment, however, has failed to generate profits for the company despite continued improvements. After having incurred losses of $4.7 billion in its EV business in 2023, Ford's loss from Model e widened to $5.07 billion in 2024, exacerbated by ongoing pricing pressure and increased investments in next-generation EVs. The segment incurred losses of $849 million in the first quarter of 2025, owing to stiff competition, pricing pressure and significant costs associated with new-generation EV development. The company is expected to incur huge losses in its EV business this year as well. The persisting pricing pressures caused by stiff competition in the industry are significantly ailing margins. China's markets, led by BYD, have been slashing prices, forcing others to follow. The industry also remains prone to supply-chain disruptions. To keep up with the contemporary developments in the industry, Ford has to consistently invest ample amounts. Although the investments are weighing down cash flows, these remain indispensable. Ford is working to improve charging infrastructure throughthe Ford Power Promise campaign, the success of which has already provided customers with a home charger in standard installation. Further plans to drive volumes in the upcoming quarters with recent launches are in place. Toyota Motor Corporation TM, a Japanese auto giant, also remains cautious in its approach toward fully electric vehicles. Toyota's EVs did not constitute more than 1% of its sales globally in fiscal 2025. This has led Toyota to plan on cutting down its EV production target by 20%, reducing from 1.5 million to 1 million units by 2026. However, the company has started to unveil several new EVs. In China, Toyota launched its most affordable EV, the bZ3X, in March, starting at just over $15,000, to regain the market. Honda HMC, TM's closest peer, is also cutting down its EV production as global demand remains stunted. Honda rather seems to shift its focus toward hybrid cars, aiming to launch 13 new hybrid models globally between 2027 and 2030. With rising pressure in China and loosened emission targets in the United States, Honda is expecting a rise in hybrids' popularity, leading to a 30% lowered investment target in EVs. Shares of Ford have lost around 10% year to date against the industry's growth of 11%. Image Source: Zacks Investment Research From a valuation standpoint, F trades at a forward price-to-sales ratio of 0.25, below the industry average. It carries a Value Score of A. Image Source: Zacks Investment Research Take a look at how Ford's EPS estimates have been revised over the past 30 days. Image Source: Zacks Investment Research Ford 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 Toyota Motor Corporation (TM) : Free Stock Analysis Report Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Times
28-05-2025
- Automotive
- Irish Times
Ford Chief Lisa Brankin on accelerating the switch to EVs
New electric vehicle sales here dipped last year by 24% when compared to 2023, further making a mockery of the government's target of 1 million EVs on Irish roads by 2030. A reduction in the SEAI grant and gaps in charging infrastructure fed into consumer uncertainty when it comes to making the switch from petrol and diesel vehicles. But that trend looks to be reversing this year, something that Lisa Brankin, chairman and managing director of Ford UK & Ireland, will be keen to see accelerate. She joined host Cliff Taylor in studio to discuss the challenges of going electric, her plans for the company's future, and the launch of Ford Power Promise across Ford's range of electric cars in Ireland. READ MORE Also on this week's episode of Inside Business, AIB's Economic Outlook Report for May highlights how global uncertainty and an escalation in trade tariffs could lead to a slowdown in global and Irish growth in 2025 and 2026. That said, the report also points out that the Irish economy has built up a certain level of resilience to withstand a potential trade shock in the short term. AIB Chief Economist David McNamara went through the risk US tariffs and future US tax policy pose, and the outlook for 2025 and 2026. Produced by John Casey and Suzanne Brennan with JJ Vernon on sound.
Business Wire
22-05-2025
- Automotive
- Business Wire
Long-Lewis Auto Group selects ADS-TEC Energy's ChargeBox to boost EV charging at multiple leading Ford dealerships
NÜRTINGEN, Germany--(BUSINESS WIRE)-- ADS-TEC Energy (NASDAQ: ADSE), a global leader in battery-based energy storage and fast-charging systems, today announced that the Long-Lewis Auto Group has deployed its battery-buffered, ultra-fast charging platform ChargeBox at multiple leading Ford dealerships in Alabama including, Long-Lewis Ford of Hoover, Long-Lewis Ford of the River Region and Long-Lewis Ford of the Shoals. Available for public use at the dealership locations, the solution allows electric vehicle (EV) drivers in Alabama to charge their EVs in just minutes at locations previously underserved by EV infrastructure. ADS-TEC Energy's ChargeBox is the only EV charger that could support our infrastructure needs Share The ADS-TEC Energy ChargeBox platform's battery-buffered technology enables widespread, ultra-fast charging (up to 320kW) on existing power-limited grids. Unlike conventional DC chargers, it did not require extensive construction or upgrades to high-powered electrical infrastructure, making it an ideal solution for the Long-Lewis Auto Group to quickly deploy ultra-fast EV chargers. The Long-Lewis Auto Group is Alabama's oldest and largest automotive retailer, with dealerships dating back to the 1900s. Across all the Long-Lewis locations, they retail more than 1,500 vehicles a month making them 11 times larger than the average dealership. Through its partnership with Ford, Long-Lewis is committed to furthering the Ford Power Promise, making electric vehicle ownership easy by supporting customers in the areas that matter to them the most. The Long-Lewis Auto Group is nationally recognized for its consumer and employee satisfaction and is dedicated to giving back to its community and those less fortunate. 'At the Long-Lewis Auto Group, there is nothing more important than our community – including our employees, current customers, future customers and all Alabama residents. As EV adoption in our state continues to rise, the right charging technology must be installed to support ultra-fast charging requirements. Our customers cannot wait hours to charge their vehicles and as some of our dealerships are in more rural locations, we cannot afford any grid strain,' said Ryan Ware, general manager, Long-Lewis Ford of the River Region. 'ADS-TEC Energy's ChargeBox is the only EV charger that could support our infrastructure needs. We're excited to offer this ultra-fast EV charging capability at our dealerships and to provide it to the community.' Alabama has made tremendous strides to electrify the state. According to the Alabama Department of Commerce, more than $2 billion in EV-related investments have been announced for Alabama, supporting a growing EV supply chain. 'When we first announced our facility in Alabama, we were determined to make ultra-fast EV charging more accessible to drivers throughout the state,' said Jason Powers, vice president, North America, ADS-TEC Energy. 'By deploying our ChargeBox solution, the Long-Lewis Auto Group is bringing the capabilities of ultra-fast EV charging to residents across Alabama, reaching areas that to-date have been plagued with little – or no – charging options. We're honored to collaborate with Alabama's oldest and largest auto dealer to showcase the state's growth in EVs and electrification.' About ADS-TEC Energy Based on more than ten years of experience with lithium-ion technologies, ADS-TEC Energy develops and produces battery storage solutions and fast charging systems including their energy management systems. Its battery-based fast-charging technology enables electric vehicles to charge ultra-fast even with weak power grids and is characterized by a very compact design. The company, based in Nürtingen, Baden-Württemberg, was nominated for the German Future Prize by the Federal President and was included in the "Circle of Excellence" in 2022. The high quality and functionality of the battery systems is due to a particularly high level of in-depth development and in-house production. With its advanced system platforms, ADS-TEC Energy is a valuable partner for car manufacturers, energy supply companies and charging station operators.
Yahoo
22-05-2025
- Automotive
- Yahoo
Long-Lewis Auto Group selects ADS-TEC Energy's ChargeBox to boost EV charging at multiple leading Ford dealerships
Long-Lewis deploys ADS-TEC Energy's ChargeBox at locations including Hoover, River Region and Muscle Shoals, providing ultra-fast EV charging access to EV drivers in underserved areas, with minimal grid impact NÜRTINGEN, Germany, May 22, 2025--(BUSINESS WIRE)--ADS-TEC Energy (NASDAQ: ADSE), a global leader in battery-based energy storage and fast-charging systems, today announced that the Long-Lewis Auto Group has deployed its battery-buffered, ultra-fast charging platform ChargeBox at multiple leading Ford dealerships in Alabama including, Long-Lewis Ford of Hoover, Long-Lewis Ford of the River Region and Long-Lewis Ford of the Shoals. Available for public use at the dealership locations, the solution allows electric vehicle (EV) drivers in Alabama to charge their EVs in just minutes at locations previously underserved by EV infrastructure. The ADS-TEC Energy ChargeBox platform's battery-buffered technology enables widespread, ultra-fast charging (up to 320kW) on existing power-limited grids. Unlike conventional DC chargers, it did not require extensive construction or upgrades to high-powered electrical infrastructure, making it an ideal solution for the Long-Lewis Auto Group to quickly deploy ultra-fast EV chargers. The Long-Lewis Auto Group is Alabama's oldest and largest automotive retailer, with dealerships dating back to the 1900s. Across all the Long-Lewis locations, they retail more than 1,500 vehicles a month making them 11 times larger than the average dealership. Through its partnership with Ford, Long-Lewis is committed to furthering the Ford Power Promise, making electric vehicle ownership easy by supporting customers in the areas that matter to them the most. The Long-Lewis Auto Group is nationally recognized for its consumer and employee satisfaction and is dedicated to giving back to its community and those less fortunate. "At the Long-Lewis Auto Group, there is nothing more important than our community – including our employees, current customers, future customers and all Alabama residents. As EV adoption in our state continues to rise, the right charging technology must be installed to support ultra-fast charging requirements. Our customers cannot wait hours to charge their vehicles and as some of our dealerships are in more rural locations, we cannot afford any grid strain," said Ryan Ware, general manager, Long-Lewis Ford of the River Region. "ADS-TEC Energy's ChargeBox is the only EV charger that could support our infrastructure needs. We're excited to offer this ultra-fast EV charging capability at our dealerships and to provide it to the community." Alabama has made tremendous strides to electrify the state. According to the Alabama Department of Commerce, more than $2 billion in EV-related investments have been announced for Alabama, supporting a growing EV supply chain. "When we first announced our facility in Alabama, we were determined to make ultra-fast EV charging more accessible to drivers throughout the state," said Jason Powers, vice president, North America, ADS-TEC Energy. "By deploying our ChargeBox solution, the Long-Lewis Auto Group is bringing the capabilities of ultra-fast EV charging to residents across Alabama, reaching areas that to-date have been plagued with little – or no – charging options. We're honored to collaborate with Alabama's oldest and largest auto dealer to showcase the state's growth in EVs and electrification." About ADS-TEC Energy Based on more than ten years of experience with lithium-ion technologies, ADS-TEC Energy develops and produces battery storage solutions and fast charging systems including their energy management systems. Its battery-based fast-charging technology enables electric vehicles to charge ultra-fast even with weak power grids and is characterized by a very compact design. The company, based in Nürtingen, Baden-Württemberg, was nominated for the German Future Prize by the Federal President and was included in the "Circle of Excellence" in 2022. The high quality and functionality of the battery systems is due to a particularly high level of in-depth development and in-house production. With its advanced system platforms, ADS-TEC Energy is a valuable partner for car manufacturers, energy supply companies and charging station operators. More information at: View source version on Contacts Media ContactsFor ADS-TEC Energy Europe: Dennis MüllerSVP Product Marketing & Communicationpress@ For ADS-TEC Energy United States: Barb HaginBreakaway Communicationsbhagin@ +1 408-832-7626
