Ford Motor Co – Page 12

Ford Halts Production of Electric Pickup Over Battery Issue

The automaker cited a potential problem with the battery pack of the F-150 Lightning but said it was unaware of any incidents “in the field.”

The law is part of the E.U.’s ambitious plans to make the 27-member bloc carbon neutral by 2050.

The law is part of the E.U.’s ambitious plans to make the 27-member bloc carbon neutral by 2050.

Ford’s $3.5 billion plant in Michigan will draw on technology from CATL, a Chinese company that is the world’s No. 1 maker of electric-car batteries.

Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.

The company’s deliveries of electric vehicles more than doubled, compared with the same month a year earlier.

The automaker reduced the price of the Mustang Mach-E by up to $5,900 after Tesla slashed prices of its cars by as much as 20 percent.

Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures.

The company’s production was limited by a global chip shortage but it made big gains in the fastest-growing segment of the auto market.

Here is a partial list of electric and plug-in hybrid vehicles that will qualify for federal tax credits in 2023.