Tag: Ford

Ford CTO Dr. Ken Washington to Discuss Ford’s Technology Strategy at Evercore New Mobility & AI Forum on Sept. 22

DEARBORN, Mich.–(BUSINESS WIRE)–Dr. Ken Washington, chief technology officer, Ford Motor Company, is scheduled to speak at the Evercore ISI New Mobility & AI Forum on Sept. 22.

Washington will answer questions on how Ford is future-proofing its vehicle technologies in a time of unprecedented change in mobility and connectivity.

The session is scheduled to begin at 9 a.m. EDT and can be viewed at this webcast link. Additional information is available at shareholder.ford.com.

About Ford Motor Company

Ford Motor Company (NYSE:F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification; mobility solutions, including self-driving services; and connected services. Ford employs approximately 188,000 people worldwide. For more information regarding Ford, its products and Ford

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Tesla, GM, Ford taking a different approaches to the EV market

  • As the electric-vehicle opportunity has evolved for startups and established automakers, it’s become clear that an overall strategy is as important — if not more so — than getting cars to market.
  • Tesla, GM, and Ford have each made moves recently that showcase their distinctive EV strategies.
  • In a nutshell: GM is developing an operating system for EVs, Ford is leveraging its icons, and Tesla continues to turn buzz into billions.
  • Visit Business Insider’s homepage for more stories.

The biggest mistake that auto-industry analysts and observers have made in the relatively short history of the modern electric car is to assume the consumer is all that matters. Demand, the flawed argument went, would bring buyers into the market and enable EV sales to explode. Competition would follow, and Tesla’s first-mover advantage would erode.

That hasn’t happened. EV sales remain a tiny percentage of annual, worldwide totals, a disappointment to electrification

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Tesla loses more than combined GM, Ford market value

By Subrat Patnaik

(Reuters) – Tesla Inc shed about $80 billion of its market value on Tuesday, an amount that overshadows the combined value of General Motors Co and Ford Motor Co, after its surprise exclusion from the S&P 500 index.

Tesla’s shares recorded their worst single-day percentage drop ever and added to the broader sell-off in technology stocks, which have dominated Wall Street’s recovery from the coronavirus-driven crash earlier this year.

The stock closed 21.06% lower, while fellow electric automaker Nikola Corp jumped more than 40% after General Motors said it was acquiring an 11% stake in the company.

Wall Street analysts and investors widely expected Tesla to join the S&P 500 after the company posted its fourth consecutive profitable quarter in July, clearing a major hurdle for its potential inclusion in the benchmark stock index.

In a surprise announcement, the S&P Dow Jones Indices decided to add online

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