Ford says turnaround to take years as results fell short for 2017 and 2018

Ford logo in their auto plant

Ford Motor last week estimated financial outcomes for 2017 and 2018 that fell short of investor expectations, in a downbeat projection that contrasted with a more favorable outlook from competing automaker General Motors. Ford Chief Financial Officer Bob Shanks informed experts at an investor conference in Detroit that greater expenses for steel, aluminum and other […]

Ford plans to invest $11 billion in 40 electrified vehicles by 2022

Jim Hackett and Bill Ford presents 2019 ford ranger during the ford press january 14 2018

Ford Motor will considerably increase its scheduled investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and completely electric vehicles in its model lineup, Chairman Bill Ford stated during Detroit auto show. The investment figure is sharply higher than a previously revealed target of $4.5 billion by 2020, Ford executives stated, […]

Henrik Fisker launches Force 1 ‘super car’ regardless of threats from Aston Martin

henrik fisker launches force 1 super car

Henrik Fisker showed off his new super car Tuesday at the Detroit vehicle show regardless of lawful threats from his former company, uber-luxury manufacturer Aston Martin. VLF Automotive– a joint venture of supplier Gilbert Villarreal, car design titan Bob Lutz and also Fisker– revealed the $268,500, 10-cylinder, 8.4-liter Force 1 at the North American International […]

Honda Ridgeline, Acura car to debut at Detroit auto show and cost $206000

Honda stated Friday that it will price its long-awaited 2017 Acura NSXsupercar, implied to take on the examples like Ferrari and also Lamborghini, at $156,000. It will top out at around $206,000. The Japanese car manufacturer likewise claimed it intends to reveal an Acura “Precision Concept” and also a revamped Honda Ridgeline “that will certainly […]