F Jun 2024 11.000 call
- Yahoo Finance
Ford's US sales soar 11.2% in May, powered by hybrids, trucks, and even EVs
Ford reported May US auto sales that jumped considerably, once again powered by hybrid vehicle and truck sales.
- Yahoo Finance Video
Ford wants to make affordable EVs. How long could that take?
Ford (F) CEO Jim Farley hinted at the automaker's plans to roll out more affordable EVs in an exclusive interview with Yahoo Finance. RBC Capital Markets Global Autos Analyst Tom Narayan sits down with The Morning Brief to react to Ford's projected pathway to reach profitability on more affordable electric vehicles. "I think it has to be at the same price pretty much as an ICE [internal combustion engine] car, right? So you know, the average ICE cars though have gone up quite a bit. So they're almost like... $40,000 in the United States, an EV is probably more like $50,000 to $60,000," Narayan says to Yahoo Finance. "When you get the IRA credits, which are $7,500 off that, maybe the battery prices come down. If you can get them in that $30,000 to $40,000 range, I think they get more interesting. And you definitely have that push, right, to get the $20,000 to $30,000, EV that will come. It'll be a little difficult to get there." Narayan also comments on the consumer mentality behind range anxieties and concerns around EV charging infrastructure in the United States. Catch Yahoo Finance Executive Editor Brian Sozzi's full interview with Ford CEO and President Jim Farley. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Ford CEO: We want our next EVs to be more affordable
On Yahoo Finance's Opening Bid podcast, Executive Editor Brian Sozzi sat down in an exclusive interview with Ford (F) CEO Jim Farley to delve into the latest developments and trends shaping the automotive industry — including Farley's thoughts on electric vehicles and Tesla (TSLA) CEO Elon Musk. To watch the full interview, click here. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
