Latest news with #Modele
The Advertiser
2 days ago
- Automotive
- The Advertiser
Ford: "Regulators got out ahead of customers" in EV transition
Ford says the move to electric vehicles (EVs) must be customer-driven, not pushed by regulators, as the automaker rolls out more EVs despite billions in losses. Speaking to British publication Autocar, Bill Ford – executive chairman of the automaker – said the move to EVs is important but there are lessons in what had not gone so well for the auto industry so far. "What went wrong is that the regulators got out ahead of the customers," Mr Ford told Autocar. "That's never a good situation. In the future, electrification will play a very important role in transportation, but it won't be the only part. CarExpert can save you thousands on a new car. Click here to get a great deal. "The ICE [internal combustion engine] business will be gradually phased out, but it won't disappear. What happens will vary according to region." Ford's electric division – named 'Model e' as a nod to its pioneering mass production of the Model T early last century – this week announced a Ford Ranger-sized electric pickup scheduled to go on sale in 2027. It will use a new affordable dedicated electric platform set to underpin a family of vehicles, and is expected to start at $US30,000 ($A45,800) – less than the starting price of a Ranger in the US, which is $US33,350 ($A50,900). The unnamed EV pickup has not been confirmed for Ford Australia showrooms, but the local arm has a direct link to Model e as it's run by previous Ford Australia president, Kay Hart. The push comes after Model e posted losses of US$5.1 billion in 2024 alone, and paused production of the F-150 Lightning EV and delayed its replacement until 2028. Ford also scrapped plans for a three-row EV SUV, instead investing in more short-term profitable F-Series Super Duty production. Locally, Ford Australia cancelled plans to introduce the electric Puma Gen-E SUV before dropping the Puma from its lineup entirely in 2024, while Mustang Mach-E electric SUV sales have slowed further despite significant price cuts. However, the company is adding the E-Transit Custom to join the E-Transit – as well as plug-in hybrid versions of the Transit Custom and Ranger – in local showrooms. "At Ford, we've invested in all of these clean technologies, and I feel good about that," Mr Ford said. "But it's down to customers. They want what they want, and it's our job to give it to them." MORE: Ford pivots to 'super affordable EVs', delays larger models MORE: Ford says large electric SUVs just don't work MORE:Ford Ranger-sized ute to debut Blue Oval's new affordable EV platform Content originally sourced from: Ford says the move to electric vehicles (EVs) must be customer-driven, not pushed by regulators, as the automaker rolls out more EVs despite billions in losses. Speaking to British publication Autocar, Bill Ford – executive chairman of the automaker – said the move to EVs is important but there are lessons in what had not gone so well for the auto industry so far. "What went wrong is that the regulators got out ahead of the customers," Mr Ford told Autocar. "That's never a good situation. In the future, electrification will play a very important role in transportation, but it won't be the only part. CarExpert can save you thousands on a new car. Click here to get a great deal. "The ICE [internal combustion engine] business will be gradually phased out, but it won't disappear. What happens will vary according to region." Ford's electric division – named 'Model e' as a nod to its pioneering mass production of the Model T early last century – this week announced a Ford Ranger-sized electric pickup scheduled to go on sale in 2027. It will use a new affordable dedicated electric platform set to underpin a family of vehicles, and is expected to start at $US30,000 ($A45,800) – less than the starting price of a Ranger in the US, which is $US33,350 ($A50,900). The unnamed EV pickup has not been confirmed for Ford Australia showrooms, but the local arm has a direct link to Model e as it's run by previous Ford Australia president, Kay Hart. The push comes after Model e posted losses of US$5.1 billion in 2024 alone, and paused production of the F-150 Lightning EV and delayed its replacement until 2028. Ford also scrapped plans for a three-row EV SUV, instead investing in more short-term profitable F-Series Super Duty production. Locally, Ford Australia cancelled plans to introduce the electric Puma Gen-E SUV before dropping the Puma from its lineup entirely in 2024, while Mustang Mach-E electric SUV sales have slowed further despite significant price cuts. However, the company is adding the E-Transit Custom to join the E-Transit – as well as plug-in hybrid versions of the Transit Custom and Ranger – in local showrooms. "At Ford, we've invested in all of these clean technologies, and I feel good about that," Mr Ford said. "But it's down to customers. They want what they want, and it's our job to give it to them." MORE: Ford pivots to 'super affordable EVs', delays larger models MORE: Ford says large electric SUVs just don't work MORE:Ford Ranger-sized ute to debut Blue Oval's new affordable EV platform Content originally sourced from: Ford says the move to electric vehicles (EVs) must be customer-driven, not pushed by regulators, as the automaker rolls out more EVs despite billions in losses. Speaking to British publication Autocar, Bill Ford – executive chairman of the automaker – said the move to EVs is important but there are lessons in what had not gone so well for the auto industry so far. "What went wrong is that the regulators got out ahead of the customers," Mr Ford told Autocar. "That's never a good situation. In the future, electrification will play a very important role in transportation, but it won't be the only part. CarExpert can save you thousands on a new car. Click here to get a great deal. "The ICE [internal combustion engine] business will be gradually phased out, but it won't disappear. What happens will vary according to region." Ford's electric division – named 'Model e' as a nod to its pioneering mass production of the Model T early last century – this week announced a Ford Ranger-sized electric pickup scheduled to go on sale in 2027. It will use a new affordable dedicated electric platform set to underpin a family of vehicles, and is expected to start at $US30,000 ($A45,800) – less than the starting price of a Ranger in the US, which is $US33,350 ($A50,900). The unnamed EV pickup has not been confirmed for Ford Australia showrooms, but the local arm has a direct link to Model e as it's run by previous Ford Australia president, Kay Hart. The push comes after Model e posted losses of US$5.1 billion in 2024 alone, and paused production of the F-150 Lightning EV and delayed its replacement until 2028. Ford also scrapped plans for a three-row EV SUV, instead investing in more short-term profitable F-Series Super Duty production. Locally, Ford Australia cancelled plans to introduce the electric Puma Gen-E SUV before dropping the Puma from its lineup entirely in 2024, while Mustang Mach-E electric SUV sales have slowed further despite significant price cuts. However, the company is adding the E-Transit Custom to join the E-Transit – as well as plug-in hybrid versions of the Transit Custom and Ranger – in local showrooms. "At Ford, we've invested in all of these clean technologies, and I feel good about that," Mr Ford said. "But it's down to customers. They want what they want, and it's our job to give it to them." MORE: Ford pivots to 'super affordable EVs', delays larger models MORE: Ford says large electric SUVs just don't work MORE:Ford Ranger-sized ute to debut Blue Oval's new affordable EV platform Content originally sourced from: Ford says the move to electric vehicles (EVs) must be customer-driven, not pushed by regulators, as the automaker rolls out more EVs despite billions in losses. Speaking to British publication Autocar, Bill Ford – executive chairman of the automaker – said the move to EVs is important but there are lessons in what had not gone so well for the auto industry so far. "What went wrong is that the regulators got out ahead of the customers," Mr Ford told Autocar. "That's never a good situation. In the future, electrification will play a very important role in transportation, but it won't be the only part. CarExpert can save you thousands on a new car. Click here to get a great deal. "The ICE [internal combustion engine] business will be gradually phased out, but it won't disappear. What happens will vary according to region." Ford's electric division – named 'Model e' as a nod to its pioneering mass production of the Model T early last century – this week announced a Ford Ranger-sized electric pickup scheduled to go on sale in 2027. It will use a new affordable dedicated electric platform set to underpin a family of vehicles, and is expected to start at $US30,000 ($A45,800) – less than the starting price of a Ranger in the US, which is $US33,350 ($A50,900). The unnamed EV pickup has not been confirmed for Ford Australia showrooms, but the local arm has a direct link to Model e as it's run by previous Ford Australia president, Kay Hart. The push comes after Model e posted losses of US$5.1 billion in 2024 alone, and paused production of the F-150 Lightning EV and delayed its replacement until 2028. Ford also scrapped plans for a three-row EV SUV, instead investing in more short-term profitable F-Series Super Duty production. Locally, Ford Australia cancelled plans to introduce the electric Puma Gen-E SUV before dropping the Puma from its lineup entirely in 2024, while Mustang Mach-E electric SUV sales have slowed further despite significant price cuts. However, the company is adding the E-Transit Custom to join the E-Transit – as well as plug-in hybrid versions of the Transit Custom and Ranger – in local showrooms. "At Ford, we've invested in all of these clean technologies, and I feel good about that," Mr Ford said. "But it's down to customers. They want what they want, and it's our job to give it to them." MORE: Ford pivots to 'super affordable EVs', delays larger models MORE: Ford says large electric SUVs just don't work MORE:Ford Ranger-sized ute to debut Blue Oval's new affordable EV platform Content originally sourced from:
7NEWS
2 days ago
- Automotive
- 7NEWS
Ford: "Regulators got out ahead of customers" in EV transition
Ford says the move to electric vehicles (EVs) must be customer-driven, not pushed by regulators, as the automaker rolls out more EVs despite billions in losses. Speaking to British publication Autocar, Bill Ford – executive chairman of the automaker – said the move to EVs is important but there are lessons in what had not gone so well for the auto industry so far. 'What went wrong is that the regulators got out ahead of the customers,' Mr Ford told Autocar. 'That's never a good situation. In the future, electrification will play a very important role in transportation, but it won't be the only part. CarExpert can save you thousands on a new car. Click here to get a great deal. 'The ICE [internal combustion engine] business will be gradually phased out, but it won't disappear. What happens will vary according to region.' Ford's electric division – named 'Model e' as a nod to its pioneering mass production of the Model T early last century – this week announced a Ford Ranger-sized electric pickup scheduled to go on sale in 2027. It will use a new affordable dedicated electric platform set to underpin a family of vehicles, and is expected to start at $US30,000 ($A45,800) – less than the starting price of a Ranger in the US, which is $US33,350 ($A50,900). The unnamed EV pickup has not been confirmed for Ford Australia showrooms, but the local arm has a direct link to Model e as it's run by previous Ford Australia president, Kay Hart. The push comes after Model e posted losses of US$5.1 billion in 2024 alone, and paused production of the F-150 Lightning EV and delayed its replacement until 2028. Ford also scrapped plans for a three-row EV SUV, instead investing in more short-term profitable F-Series Super Duty production. Locally, Ford Australia cancelled plans to introduce the electric Puma Gen-E SUV before dropping the Puma from its lineup entirely in 2024, while Mustang Mach-E electric SUV sales have slowed further despite significant price cuts. However, the company is adding the E-Transit Custom to join the E-Transit – as well as plug-in hybrid versions of the Transit Custom and Ranger – in local showrooms. 'At Ford, we've invested in all of these clean technologies, and I feel good about that,' Mr Ford said. 'But it's down to customers. They want what they want, and it's our job to give it to them.'
Perth Now
2 days ago
- Automotive
- Perth Now
Ford: "Regulators got out ahead of customers" in EV transition
Ford says the move to electric vehicles (EVs) must be customer-driven, not pushed by regulators, as the automaker rolls out more EVs despite billions in losses. Speaking to British publication Autocar, Bill Ford – executive chairman of the automaker – said the move to EVs is important but there are lessons in what had not gone so well for the auto industry so far. 'What went wrong is that the regulators got out ahead of the customers,' Mr Ford told Autocar. 'That's never a good situation. In the future, electrification will play a very important role in transportation, but it won't be the only part. CarExpert can save you thousands on a new car. Click here to get a great deal. Supplied Credit: CarExpert 'The ICE [internal combustion engine] business will be gradually phased out, but it won't disappear. What happens will vary according to region.' Ford's electric division – named 'Model e' as a nod to its pioneering mass production of the Model T early last century – this week announced a Ford Ranger-sized electric pickup scheduled to go on sale in 2027. It will use a new affordable dedicated electric platform set to underpin a family of vehicles, and is expected to start at $US30,000 ($A45,800) – less than the starting price of a Ranger in the US, which is $US33,350 ($A50,900). The unnamed EV pickup has not been confirmed for Ford Australia showrooms, but the local arm has a direct link to Model e as it's run by previous Ford Australia president, Kay Hart. Supplied Credit: CarExpert The push comes after Model e posted losses of US$5.1 billion in 2024 alone, and paused production of the F-150 Lightning EV and delayed its replacement until 2028. Ford also scrapped plans for a three-row EV SUV, instead investing in more short-term profitable F-Series Super Duty production. Locally, Ford Australia cancelled plans to introduce the electric Puma Gen-E SUV before dropping the Puma from its lineup entirely in 2024, while Mustang Mach-E electric SUV sales have slowed further despite significant price cuts. However, the company is adding the E-Transit Custom to join the E-Transit – as well as plug-in hybrid versions of the Transit Custom and Ranger – in local showrooms. 'At Ford, we've invested in all of these clean technologies, and I feel good about that,' Mr Ford said. 'But it's down to customers. They want what they want, and it's our job to give it to them.' MORE: Ford pivots to 'super affordable EVs', delays larger models MORE: Ford says large electric SUVs just don't work MORE: Ford Ranger-sized ute to debut Blue Oval's new affordable EV platform
Yahoo
3 days ago
- Automotive
- Yahoo
Is Ford Stock's Juicy Dividend Still Safe Amid the Global Tariff War?
Ford (F) delivered another strong quarter despite headwinds from shifting trade policies, intensifying global tariff disputes, and ongoing cost challenges associated with transforming its business model. Ford's stock has surged 12.5% year-to-date. However, dividend investors have another concern. Ford offers an attractive forward dividend yield of 5.4%, excluding special dividends. They question whether Ford's generous payouts can withstand the weight of a $2 billion tariff bill in 2025 while still allowing for growth in its ambitious long-term plan. Let's find out what Ford is doing about this. More News from Barchart This High-Yield (7%) Dividend Stock Is Down Significantly in 2025. Should You Buy the Dip? High Yields Without High Risk: 3 Dividend Kings You'll Want to Hold Forever Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. A Strong Quarter in a Tough Environment Ford's dividend yield exceeds the consumer discretionary sector average of 1.9% and rival General Motors' (GM) yield of 1.1%. Furthermore, its forward payout ratio (the amount of income paid out in dividends) of 43% is low, implying that dividends are currently sustainable, with room for growth. In the second quarter, Ford generated $2.8 billion in adjusted free cash flow, ending the quarter with $28.4 billion in cash and $46.6 billion in liquidity. Strong liquidity enables Ford to continue investing in growth segments, such as Ford Pro, even during macroeconomic downturns, while maintaining its dividend commitments. Ford reported revenue of $50.2 billion, an increase of 5% year-over-year and $2.1 billion in adjusted EBIT. These results came despite $800 million in net tariff costs, proving that the automaker has found ways to deliver operational improvements despite difficult trade conditions. One of the biggest safety nets for Ford's dividend is Ford Pro, the company's commercial vehicle and services division. Q2 revenue grew 11% to nearly $19 billion. Over the last 12 months, aftermarket sales (parts, software, and services) accounted for 17% of Ford Pro's EBIT, bringing it closer to the 20% target for next year. This shift to recurring, high-margin revenue makes Ford Pro less cyclical than traditional vehicle sales, which is a significant advantage during global trade disruptions. Additionally, paid software subscriptions in Ford Pro increased 24% year-on-year to 757,000. CEO Jim Farley emphasized that capital is being directed toward Ford Pro and away from specific EV projects, indicating that Ford is prioritizing profitability and stability over rapid EV expansion, which is encouraging for dividend investors. The electric vehicle (EV) industry as a whole has been dealing with demand fluctuations and profitability issues. However, Ford's Model e division more than doubled revenue to $2.4 billion this quarter, with significant margin improvement and lower material costs. Ford's next EV push, which Farley described as a 'Model T moment,' debuted on August 11 in Kentucky, with a new electric platform aimed at redefining family vehicles in terms of technology, efficiency, and features. This launch, if successful, could have a significant impact on Ford's long-term market positioning, although near-term EV profitability remains a work in progress. Management boasted that Ford sold more electrified vehicles (EVs + hybrids) than its two main domestic rivals combined, with electrified models accounting for 14% of total U.S. sales. How Ford Plans to Tackle Tariffs and Trade Policy Farley stated that Ford expects tariffs to be a $2 billion net cost headwind this year, which the company is actively managing through product strategy, pricing discipline, and targeted capital allocation. Ford's tariff strategy is to avoid high-volume, generic vehicle segments that require overseas production to remain cost-competitive. Instead, it plans to focus on: Trucks and SUVs, where Ford has a dominant market share Ford Pro commercial vehicles and services Iconic passion products such as the Bronco and Mustang Breakthrough EV technology developed and manufactured in the U.S. The company also plans to save $1 billion in net costs this year (excluding tariffs), with material cost reductions accounting for the majority of the savings. Ford reiterated its capital return policy of returning 40% to 50% of trailing adjusted free cash flow to shareholders by 2025. For the third quarter, the board declared a dividend of $0.15 per share Given Ford's consistent free cash flow generation, strong liquidity position, diverse profit streams, and ongoing cost-cutting efforts, the current dividend appears sustainable, even in the face of $2 billion in full-year net tariff headwinds. With tariffs already factored in, Ford anticipates adjusted EBIT of $6.5 billion to $7.5 billion and adjusted free cash flow of $3.5 billion to $4.5 billion. This suggests that, despite policy uncertainty, the company believes its core business is strong enough to meet its guidance. What Is Wall Street Saying About Ford Stock? On Wall Street, Ford stock is rated an overall 'Hold.' Of the 24 analysts that cover the stock, three rate it a 'Strong Buy,' 15 rate it a 'Hold,' two say it is a 'Moderate Sell,' and four rate it a 'Strong Sell.' Ford's stock has surpassed the average analyst target price of $10.33. However, its high target price of $14.00 implies that the stock could rise as much as 25% from current levels. The Takeaway: Ford's Dividend Looks Secure for Now While risks such as further trade escalation, EV demand volatility, or a sharp industry slowdown remain, Ford's strong balance sheet, diverse operations, and disciplined capital allocation suggest that its dividend payouts are safe for now. On the date of publication, Sushree Mohanty did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
Time of India
4 days ago
- Automotive
- Time of India
Ford EV shift: Automaker to invest nearly $2 billion in Kentucky plant; plans affordable midsize electric pickup by 2027
Ford Motor Co. will invest nearly $2 billion to retool its Louisville Assembly Plant in Kentucky for electric vehicle (EV) production, aiming to build affordable and profitable models that can compete globally. Tired of too many ads? go ad free now The move marks a major transition for the facility, which has produced gas-powered vehicles for 70 years. 'We took a radical approach to solve a very hard challenge: Create affordable vehicles that are breakthrough in every way that matters — design, technology, performance, space and cost of ownership — and do it with American workers,' Ford CEO Jim Farley said in a release, reported AP. The announcement comes even as President Donald Trump's administration rolls back EV purchase incentives, including plans to eliminate a federal credit worth up to $7,500. Farley, however, stressed that electric vehicles remain central to Ford's future strategy. The first EV from the revamped Louisville plant will be a midsize, four-door electric pickup truck for domestic and international markets, set to launch in 2027. It will use lower-cost batteries manufactured at a Ford plant in Michigan, part of a previously announced $3 billion investment. Ford described the programme as a 'Model T moment' for its EV division, referencing the mass-market vehicle that transformed the company's history. The new platform will support multiple models, from sedans to SUVs, and combine electric and internal combustion variants. The Louisville plant will adopt an 'assembly tree' system instead of a traditional single-line conveyor, cutting production costs and improving efficiency. Ford expects the new platform to reduce parts by 20%, cut fasteners by 25%, lower the number of workstations by 40% and shorten assembly time by 15%. Tired of too many ads? go ad free now 'This is an example of us rejuvenating our US plants with the most modern manufacturing techniques,' Farley told the Associated Press. The midsize truck is expected to start at around $30,000, though specifications such as range, battery size and charge times will be announced later. The $2 billion investment will secure 2,200 hourly jobs in Louisville. Kentucky Governor Andy Beshear called it 'one of the largest investments on record in our state,' boosting Kentucky's standing in EV innovation. Combined with the Michigan battery plant, Ford's total $5 billion investment is projected to create or secure nearly 4,000 direct jobs and expand the domestic EV supply chain through dozens of new US-based suppliers. Ford's EV unit, Model e, reported a $5.08 billion loss in 2024 with revenue down 35% to $3.9 billion. Farley emphasised that the goal is not to produce the most EVs, but to build a sustainable and profitable EV business that customers value. 'This new vehicle built in Louisville, Kentucky, is going to be a much better solution to anything that anyone can buy from China,' he added.
