Blue Oval’s Latest Creation Takes on Tesla and Chinese EV Brands Once Losses Are Reduced
According to Ford CEO Jim Farley, a “skunkworks team” has been covertly developing a budget-friendly electric vehicle platform to compete with Tesla and Chinese automakers.
During a recent earnings call, CEO Jim Farley announced a surprise development within Ford. He highlighted the small team responsible for this achievement, stating that they are “some of the best EV engineers in the world.” This team has been operating independently from Ford, functioning more like a startup. In the past two years, they have successfully created a versatile electric vehicle platform that will be utilized for various vehicles. Additionally, this platform will serve as a foundation for software and services.
Apart from that, no further information was disclosed. Nevertheless, the charming CEO did mention that the fresh platform strives to be inexpensive, with the main objective being to rival budget-friendly Chinese imports and Tesla, which persists in reducing prices and generating high earnings.
The Mustang Mach-E Select, priced at $42,995, is the latest addition to the Blue Oval’s range of electric vehicles. In comparison, the Tesla Model Y comes with a price tag of $43,990, but is still qualified for the attractive EV tax credit incentives. And even without any deductions, the updated Model 3 is still more affordable at a base price of $38,990. It’s worth noting that Tesla has plans to release a budget-friendly compact crossover next year as well.
There is uncertainty surrounding the usage of this recently introduced platform for Ford’s Gen 2 lineup of electric vehicles. However, it is presumed that this will indeed be the case. As for the upcoming generation of Ford EVs, Farley emphasized their profitability, stating that they are being carefully crafted to generate maximum profit. He also mentioned that these vehicles are expected to start generating profits for Ford within the first 12 months of their release. This comes after the company’s acknowledgement last year that they were losing $36,000 on each electric car sold, highlighting the need for a reassessment of their EV strategy.
According to John Lawler, the Chief Financial Officer of Ford, the main concern with their first generation vehicles is the decline in revenue and their lack of cost efficiency. Lawler emphasized the importance of enhancing the cost structure of these electric vehicles before considering the launch of second generation cars. He stated, “We will not introduce Gen 2 vehicles unless we can achieve profitability and a return on our investment.”
According to Farley, Ford plans to decrease its investment in larger electric vehicles. However, he mentioned that the next generation versions of popular models such as the F-150 Lightning and E-Transit will be more efficient and packed with cutting-edge design and features.
“Our main priority for our EV teams is to prioritize cost and efficiency in our EV products,” stated the CEO. They emphasized the importance of being competitive against the affordable Tesla and Chinese OEMs. “If we had to make an educated guess, we anticipate that our low-cost platform will first be used for a compact crossover that will be positioned below the Mach-E. Our goal is to target a price range of $30,000-$40,000 for this model.”
Related posts:
Tesla Y vs Ioniq 5: Range, Price, Efficiency+
Stream and Game on the Go with Ford and Lincoln’s Revolutionary EV Digital Platform
Ford’s Affordable Electric Vehicle Platform to Rival Tesla Model 3
Confirmed: Kia Pickup Truck Set to Hit the Roads!
Comparing the 2024 Porsche Macan EV and Tesla Model Y: A Battle of Electric Powerhouses
Tesla Drivers Endure 90-Minute Wait at NYC Supercharger
hello there and thank you for your information – I have certainly picked up something new
from right here. I did however expertise several technical issues using
this web site, as I experienced to reload the web site a lot of times previous to I could get it to load correctly.
I had been wondering if your web hosting is OK?
Not that I am complaining, but sluggish loading instances times will very frequently affect
your placement in google and could damage your high quality score
if ads and marketing with Adwords. Well I’m adding this RSS to my e-mail and can look
out for a lot more of your respective intriguing content.
Ensure that you update this again soon..
Najlepsze escape roomy
I like this site it’s a master piece! Glad I found this
on google.?
You have remarked very interesting details! ps nice site.
Euro travel guide
This excellent website truly has all the info I needed concerning this subject and didn’t know who to ask.
I love reading through an article that can make people think. Also, thank you for permitting me to comment.
Good write-up. I definitely love this site. Stick with it!
You are so cool! I don’t suppose I’ve truly read anything like this before. So nice to find another person with a few genuine thoughts on this issue. Seriously.. thanks for starting this up. This web site is something that’s needed on the web, someone with a bit of originality.
I quite like looking through an article that will make men and women think. Also, thank you for allowing me to comment.
This is the right blog for anyone who wants to understand this topic. You understand so much its almost hard to argue with you (not that I personally would want to…HaHa). You certainly put a new spin on a topic that’s been discussed for years. Wonderful stuff, just great.
Good information. Lucky me I found your site by chance (stumbleupon). I have saved as a favorite for later.
Oh my goodness! Amazing article dude! Thank you, However I am encountering troubles with your RSS. I don’t know why I am unable to join it. Is there anybody getting the same RSS issues? Anybody who knows the solution can you kindly respond? Thanks!!
I like it when people get together and share views. Great site, continue the good work!
Hi there! This post could not be written any better! Looking through this post reminds me of my previous roommate! He continually kept preaching about this. I’ll send this article to him. Pretty sure he’s going to have a very good read. Many thanks for sharing!
Howdy, I do think your web site might be having browser compatibility problems. When I take a look at your website in Safari, it looks fine however when opening in IE, it’s got some overlapping issues. I simply wanted to provide you with a quick heads up! Other than that, wonderful site.
I have to thank you for the efforts you have put in penning this website. I really hope to view the same high-grade blog posts by you in the future as well. In fact, your creative writing abilities has inspired me to get my very own blog now 😉
The next time I read a blog, Hopefully it won’t fail me just as much as this one. I mean, I know it was my choice to read, nonetheless I really believed you’d have something useful to say. All I hear is a bunch of moaning about something that you could fix if you weren’t too busy seeking attention.
I truly love your website.. Great colors & theme. Did you develop this website yourself? Please reply back as I’m trying to create my own personal blog and would love to learn where you got this from or what the theme is called. Kudos!
I used to be able to find good info from your content.
Hello, I do think your web site may be having internet browser compatibility problems. Whenever I take a look at your site in Safari, it looks fine however, if opening in IE, it has some overlapping issues. I just wanted to provide you with a quick heads up! Besides that, fantastic site.
Can I simply just say what a comfort to uncover somebody that genuinely knows what they are talking about online. You actually understand how to bring an issue to light and make it important. A lot more people have to look at this and understand this side of the story. I was surprised that you are not more popular since you surely possess the gift.
After looking over a few of the articles on your website, I honestly like your way of blogging. I book-marked it to my bookmark webpage list and will be checking back soon. Please visit my web site as well and let me know how you feel.
I wanted to thank you for this very good read!! I definitely loved every bit of it. I have got you saved as a favorite to check out new stuff you post…
This is a really good tip particularly to those fresh to the blogosphere. Brief but very precise information… Thank you for sharing this one. A must read article.
After checking out a number of the blog posts on your blog, I truly like your way of writing a blog. I bookmarked it to my bookmark website list and will be checking back soon. Please check out my website too and let me know your opinion.
There is definately a lot to know about this issue. I really like all the points you made.
It’s hard to come by educated people about this topic, however, you sound like you know what you’re talking about! Thanks
Good blog you have got here.. It’s difficult to find excellent writing like yours these days. I truly appreciate individuals like you! Take care!!
Good article. I absolutely love this site. Stick with it!
I want to to thank you for this very good read!! I definitely loved every little bit of it. I have you book-marked to look at new things you post…
This is a really good tip particularly to those fresh to the blogosphere. Short but very accurate information… Thank you for sharing this one. A must read post!
This is a topic that’s near to my heart… Cheers! Exactly where are your contact details though?
Spot on with this write-up, I truly feel this site needs far more attention. I’ll probably be returning to read through more, thanks for the information!
Hi! I could have sworn I’ve been to this web site before but after going through some of the articles I realized it’s new to me. Anyhow, I’m certainly happy I came across it and I’ll be bookmarking it and checking back frequently.
Very nice write-up. I definitely love this website. Thanks!
For several years, I’ve battled uncertain blood sugar level swings that left me
feeling drained pipes and tired. But since integrating Sugar my power levels are now secure and consistent, and I
no more hit a wall in the afternoons. I appreciate that it’s a mild, natural approach that does not included
any type of unpleasant adverse effects. It’s really transformed my day-to-day live.
When I initially commented I seem to have clicked on the -Notify me when new comments are added- checkbox and now each time a comment is added I recieve 4 emails with the same comment. There has to be an easy method you can remove me from that service? Cheers.
Hi there! This article could not be written much better! Going through this post reminds me of my previous roommate! He continually kept talking about this. I am going to forward this information to him. Pretty sure he will have a good read. Many thanks for sharing!
This is a topic which is close to my heart… Cheers! Exactly where can I find the contact details for questions?
https://suncity888.dad/
Everyone loves it whenever people come together and share opinions. Great site, stick with it!
Hello there! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying
to get my website to rank for some targeted keywords but I’m not seeing
very good success. If you know of any please share.
Many thanks! I saw similar text here: Eco blankets
Very good info. Lucky me I recently found your website by accident (stumbleupon). I have saved it for later.
Good day! I just wish to give you a huge thumbs up for your excellent info you have here on this post. I’ll be coming back to your site for more soon.
The next time I read a blog, Hopefully it does not fail me just as much as this particular one. After all, Yes, it was my choice to read, but I truly thought you’d have something interesting to say. All I hear is a bunch of crying about something that you could possibly fix if you weren’t too busy seeking attention.
May I simply say what a comfort to find someone who actually understands what they’re discussing on the internet. You definitely understand how to bring a problem to light and make it important. More and more people have to look at this and understand this side of your story. I can’t believe you’re not more popular since you definitely possess the gift.
Oh my goodness! Awesome article dude! Many thanks, However I am going through troubles with your RSS. I don’t know why I cannot join it. Is there anybody else getting the same RSS problems? Anyone that knows the solution can you kindly respond? Thanx!!
Very good write-up. I certainly appreciate this website. Keep it up!
Aw, this was a really good post. Spending some time and actual effort to generate a really good article… but what can I say… I put things off a lot and never manage to get anything done.
Greetings! Very helpful advice in this particular article! It is the little changes that produce the largest changes. Many thanks for sharing!
Way cool! Some very valid points! I appreciate you writing this article and also the rest of the website is really good.
Greetings! Very helpful advice in this particular post! It’s the little changes that make the greatest changes. Thanks a lot for sharing!
I’m impressed, I must say. Seldom do I encounter a blog that’s both educative and amusing, and let me tell you, you have hit the nail on the head. The issue is something that not enough men and women are speaking intelligently about. I am very happy I came across this in my search for something relating to this.
I love looking through a post that can make people think. Also, thanks for allowing me to comment.
Aw, this was a really good post. Spending some time and actual effort to produce a top notch article… but what can I say… I hesitate a lot and never manage to get anything done.
https://go88club2.com/
Everyone loves it when folks get together and share ideas. Great website, stick with it!
Your style is so unique in comparison to other folks I have read stuff from. Many thanks for posting when you have the opportunity, Guess I’ll just bookmark this blog.
Howdy! I could have sworn I’ve been to this site before but after browsing through some of the articles I realized it’s new to me. Anyways, I’m certainly happy I stumbled upon it and I’ll be book-marking it and checking back regularly!
I’m extremely pleased to uncover this web site. I wanted to thank you for your time due to this wonderful read!! I definitely really liked every little bit of it and I have you book marked to look at new information on your site.
After looking at a handful of the articles on your site, I honestly like your way of writing a blog. I saved as a favorite it to my bookmark webpage list and will be checking back in the near future. Take a look at my website as well and let me know what you think.
Hi! I just wish to give you a huge thumbs up for your great information you have right here on this post. I’ll be coming back to your blog for more soon.
Way cool! Some very valid points! I appreciate you penning this article and the rest of the site is very good.
I could not resist commenting. Very well written.
mk sports hiếp dâm trẻ em
sugar defender reviews Integrating Sugar Protector into my
daily regimen total health. As a person that prioritizes healthy and
balanced consuming, I value the extra protection this supplement offers.
Considering that beginning to take it, I’ve discovered a significant renovation in my
energy levels and a substantial reduction in my need for harmful treats such a
such an extensive influence on my every day life.
sugar defender Official Website
sugar defender reviews Discovering Sugar Protector has been a
game-changer for me, as I’ve always been vigilant about handling my
blood sugar levels. With this supplement, I really feel equipped to take charge
of my wellness, and my most current clinical examinations have actually mirrored a substantial turn-around.
Having a credible ally in my corner supplies me with a complacency and confidence, and I’m deeply appreciative for the extensive distinction Sugar Protector has made in my well-being.
sugar defender
May I just say what a relief to uncover somebody that really understands what they’re discussing on the net. You actually understand how to bring an issue to light and make it important. A lot more people really need to check this out and understand this side of the story. I can’t believe you aren’t more popular given that you most certainly have the gift.
Good day! I just would like to give you a huge thumbs up for the excellent info you have right here on this post. I’ll be coming back to your site for more soon.
I could not refrain from commenting. Perfectly written.
Great site you’ve got here.. It’s difficult to find good quality writing like yours nowadays. I truly appreciate individuals like you! Take care!!
This page definitely has all of the information and facts I needed concerning this subject and didn’t know who to ask.
You should take part in a contest for one of the finest websites on the net. I will recommend this website!
A fascinating discussion is worth comment. I do think that you should publish more on this subject matter, it might not be a taboo subject but typically folks don’t talk about such topics. To the next! Best wishes.
Good web site you’ve got here.. It’s difficult to find good quality writing like yours nowadays. I truly appreciate people like you! Take care!!
You’re so interesting! I don’t believe I have read through something like that before. So good to find somebody with a few original thoughts on this topic. Really.. many thanks for starting this up. This website is something that’s needed on the web, someone with a bit of originality.
Greetings! Very useful advice in this particular post! It’s the little changes that produce the most significant changes. Thanks for sharing!
Oh my goodness! Incredible article dude! Many thanks, However I am going through difficulties with your RSS. I don’t know the reason why I can’t subscribe to it. Is there anybody else having similar RSS problems? Anyone who knows the answer can you kindly respond? Thanx!!
Good article! We will be linking to this great content on our site. Keep up the great writing.
I’d like to thank you for the efforts you’ve put in writing this blog. I really hope to check out the same high-grade content by you in the future as well. In fact, your creative writing abilities has encouraged me to get my very own site now 😉
Good post! We will be linking to this great article on our site. Keep up the good writing.
This excellent website certainly has all of the information and facts I needed about this subject and didn’t know who to ask.
Having read this I believed it was really enlightening. I appreciate you finding the time and effort to put this short article together. I once again find myself spending a significant amount of time both reading and posting comments. But so what, it was still worthwhile!
You’re so cool! I don’t suppose I’ve read through a single thing like that before. So great to discover another person with a few genuine thoughts on this subject. Really.. many thanks for starting this up. This site is something that is required on the web, someone with some originality.
Hello there, I believe your website might be having internet browser compatibility problems. Whenever I take a look at your website in Safari, it looks fine however, if opening in IE, it has some overlapping issues. I just wanted to give you a quick heads up! Besides that, great website!
It is very comforting to see that others are suffering from the same problem as you, wow!
Great web site you’ve got here.. It’s difficult to find high quality writing like yours nowadays. I really appreciate individuals like you! Take care!!
Excellent web site you have got here.. It’s hard to find high quality writing like yours nowadays. I really appreciate individuals like you! Take care!!
May I simply just say what a comfort to find somebody who genuinely understands what they are talking about on the internet. You certainly know how to bring a problem to light and make it important. More and more people need to look at this and understand this side of your story. I was surprised you are not more popular since you most certainly possess the gift.
I blog quite often and I truly appreciate your content. Your article has truly peaked my interest. I will bookmark your site and keep checking for new information about once a week. I opted in for your RSS feed too.
It is very comforting to see that others are suffering from the same problem as you, wow!
Good day! I could have sworn I’ve been to your blog before but after looking at some of the articles I realized it’s new to me. Regardless, I’m certainly delighted I came across it and I’ll be bookmarking it and checking back often!
This page certainly has all of the info I wanted about this subject and didn’t know who to ask.
You are so interesting! I don’t think I’ve read anything like that before. So nice to find somebody with some original thoughts on this subject matter. Really.. thanks for starting this up. This web site is one thing that is needed on the internet, someone with a bit of originality.
Hi there! This post couldn’t be written much better! Reading through this article reminds me of my previous roommate! He constantly kept talking about this. I’ll forward this post to him. Pretty sure he will have a very good read. I appreciate you for sharing!
Having read this I believed it was very informative. I appreciate you taking the time and effort to put this content together. I once again find myself personally spending a lot of time both reading and leaving comments. But so what, it was still worthwhile!
Everything is very open with a very clear explanation of the challenges. It was definitely informative. Your website is extremely helpful. Thanks for sharing!
Wonderful article! We are linking to this great content on our site. Keep up the great writing.
Hi, There’s no doubt that your site may be having web browser compatibility issues. Whenever I take a look at your site in Safari, it looks fine however when opening in IE, it has some overlapping issues. I simply wanted to give you a quick heads up! Aside from that, excellent site!
This website was… how do you say it? Relevant!! Finally I have found something which helped me. Appreciate it.
Your style is unique in comparison to other people I’ve read stuff from. Thank you for posting when you’ve got the opportunity, Guess I’ll just book mark this site.
Everything is very open with a really clear clarification of the issues. It was definitely informative. Your site is useful. Thank you for sharing.
I really love your blog.. Great colors & theme. Did you make this amazing site yourself? Please reply back as I’m trying to create my own personal blog and would love to find out where you got this from or just what the theme is named. Many thanks!
Your style is really unique compared to other folks I’ve read stuff from. I appreciate you for posting when you have the opportunity, Guess I’ll just bookmark this site.
Having read this I believed it was extremely enlightening. I appreciate you finding the time and energy to put this informative article together. I once again find myself spending a lot of time both reading and posting comments. But so what, it was still worthwhile.
Pretty! This has been a really wonderful post. Thank you for providing this info.
I’m impressed, I have to admit. Rarely do I encounter a blog that’s both educative and entertaining, and let me tell you, you have hit the nail on the head. The problem is something that too few folks are speaking intelligently about. Now i’m very happy I stumbled across this during my search for something relating to this.
Greetings! Very helpful advice in this particular post! It is the little changes that make the greatest changes. Thanks for sharing!
Hey there! I just wish to offer you a huge thumbs up for the great info you have right here on this post. I will be coming back to your blog for more soon.
Everything is very open with a very clear explanation of the issues. It was really informative. Your site is very helpful. Many thanks for sharing!
It’s difficult to find experienced people for this topic, however, you sound like you know what you’re talking about! Thanks
May I simply just say what a comfort to find someone who truly knows what they’re talking about online. You actually know how to bring a problem to light and make it important. More and more people ought to look at this and understand this side of the story. It’s surprising you aren’t more popular since you most certainly possess the gift.
Business Asset Disposal Relief
Way cool! Some extremely valid points! I appreciate you penning this article plus the rest of the site is very good.
Can I just say what a relief to uncover an individual who truly knows what they are discussing over the internet. You definitely understand how to bring a problem to light and make it important. A lot more people need to look at this and understand this side of the story. It’s surprising you are not more popular since you most certainly possess the gift.
You have made some decent points there. I looked on the web to find out more about the issue and found most individuals will go along with your views on this website.
Wonderful article! We will be linking to this particularly great post on our website. Keep up the good writing.
This is a topic that’s close to my heart… Take care! Where are your contact details though?