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Automakers Are Scaling Back Production Due to Growing Semiconductor Shortages

Automakers Are Scaling Back Production Due to Growing Semiconductor Shortages

There is a shortage of semiconductor and other electronic components for motor vehicles as auto sales rebound from the global pandemic. The global pandemic forced suppliers to scale back production, and the rising demand from automakers as auto sales rebound from the lows of 2020 is leading to chip shortages in the U.S. and Europe.

Eric Walz2021-01-15 11:40 PT

Amazon-backed Rivian Close to a $25 Billion Valuation With a New Funding Round

Amazon-backed Rivian Close to a $25 Billion Valuation With a New Funding Round

Electric truck startup Rivian Automotive Inc. is close to raising a new round of funding that would value the startup at $25 billion, according to people familiar with the matter. Existing Rivian investors including e-commerce giant Amazon will participate in the latest funding round, which will raise several billion dollars for the electric truck startup.

FutureCar Staff 2021-01-05 17:35 PT

The U.S. EPA Officially Certifies Ford’s Fully-Electric Mach-E Range of 300 Miles

The U.S. EPA Officially Certifies Ford’s Fully-Electric Mach-E Range of 300 Miles

​Ford Motor Company’s first fully-electric Mach-E SUV will have an EPA estimated range of 300 miles. On Monday, Ford announced the U.S. Environmental Protection Agency (EPA) has certified range numbers for several variants of the all-electric 2021 Mustang Mach-E. According to the data, Ford has met all of its EPA estimated range targets for its first fully-electric vehicle.

FutureCar Staff 2020-11-23 12:25 PT

Ford’s New F-150 Pickup Goes on Sale in November, a Fully-Electric Version Will Enter Production in 2022

Ford’s New F-150 Pickup Goes on Sale in November, a Fully-Electric Version Will Enter Production in 2022

​U.S. automaker Ford Motor Co. announced on Thursday that its new best-selling F-150 pickup truck will arrive at dealers in November. Production of the new truck is already underway in Michigan. Ford also confirmed that a battery-powered F-150 will enter production by mid 2022 at the automaker's Ford River Rouge Complex, which is slated to become the high-tech manufacturing home for the new electric F-150.

FutureCar Staff 2020-09-17 14:00 PT

Electric Truck Startup Rivian Announces a New $2.5 Billion Investment Round Led By T. Rowe Price

Electric Truck Startup Rivian Announces a New $2.5 Billion Investment Round Led By T. Rowe Price

​Michigan-based electric truck startup Rivian is emerging as one of the hottest new electric vehicle startups since Tesla and the company has a big war chest to prove it. The Plymouth, Michigan-based company announced on Friday a new $2.5 billion investment round led by T. Rowe Price.

Eric Walz2020-07-10 09:00 PT

Ford Motor Co is Targeting the Jeep Crowd with its New Bronco Adventure Vehicle Lineup

Ford Motor Co is Targeting the Jeep Crowd with its New Bronco Adventure Vehicle Lineup

Ford Motor Co. has announced the Bronco is returning after a 25 year absence in the form of three all-new, rugged SUVs, including a 4-door version, a 2-door and a smaller Bronco Sport model, all of which will make up the new Ford Bronco family. The automaker is tying the new Bronco to its storied heritage, like it did with the upcoming Mustang Mach-E electric SUV.

Eric Walz2020-07-07 12:05 PT

Chinese Battery Maker BYD to Supply EV Batteries to Ford Motor Company

Chinese Battery Maker BYD to Supply EV Batteries to Ford Motor Company

Chinese battery maker BYD Co Ltd (BYD), will supply EV batteries to U.S. automaker Ford Motor Co, a document on the website of the Ministry of Industry and Information Technology showed on Monday. Ford’s China joint venture with Changan Automobile is currently seeking government approval to build a plug-in hybrid model equipped with BYD’s batteries, according to the document.

Eric Walz2020-06-01 14:05 PT

Ford Delays Launches of Bronco, Mustang Mach-E, and F-150

Ford Delays Launches of Bronco, Mustang Mach-E, and F-150

Because of delays brought on by the coronavirus, Ford has had to delay the release of a few of its important vehicles by a few months – the same amount of time plants were idle because of the pandemic.

Vineeth Joel Patel2020-05-23 01:00 PT

Ford Announces Improved Ranges for the Mach-E Electric SUV After 10 Minutes of DC Fast Charging

Ford Announces Improved Ranges for the Mach-E Electric SUV After 10 Minutes of DC Fast Charging

The estimated range after DC fast-charging times of approximately 10 minutes have been updated by around 30% for Ford's fully-electric Mustang-inspired Mach-E SUV.

FutureCar Staff 2020-05-15 10:30 PT

Ford Motor Co is Working to Make Vehicles Much Quieter on the Inside

Ford Motor Co is Working to Make Vehicles Much Quieter on the Inside

Ford Motor Co is initiating a new strategy to reduce outside noises in its future lineup. The company announced its new “Whisper Strategy”, which will deliver incremental noise improvements in future models, many of which will be powered by fully-electric or hybrid powertrains. The goal is to help make road trips more comfortable and less tiring for drivers and passengers.

FutureCar Staff 2020-04-21 14:45 PT

Automakers Honda & Nissan to Furlough Nearly 30,000 U.S. Workers as New Car Sales Plummet

Automakers Honda & Nissan to Furlough Nearly 30,000 U.S. Workers as New Car Sales Plummet

Automakers Honda and Nissan announced on Tuesday the furlough of thousands of workers in the U.S. as the coronavirus pandemic brings the U.S. economy to a virtual standstill. Honda already suspended it operations on March 23 and now the company says its U.S. plants will be closed until May 1. The furlough affects around 30,000 workers in total.

Eric Walz2020-04-07 11:00 PT

Tesla Engineers Share Details of a Prototype Ventilator Made With Electric Car Parts

Tesla Engineers Share Details of a Prototype Ventilator Made With Electric Car Parts

Amid the coronavirus pandemic, U.S. automakers including General Motors, Ford and Tesla are pitching in by offering to help build ventilators using their vast supplier networks or various car parts. Engineers at Tesla have already built a working prototype, which includes parts from the Model 3, including the electric car’s center-mounted touchscreen display.

Eric Walz2020-04-06 12:30 PT

Automakers Ford & General Motors are Allowing Rival Tesla to Lead U.S. EV Production Until at Least 2026, Data Indicates

Automakers Ford & General Motors are Allowing Rival Tesla to Lead U.S. EV Production Until at Least 2026, Data Indicates

U.S. automakers Ford Motor Co and General Motors plan to collectively build 325,000 electric vehicles per year by 2026, according to their executives and suppliers familiar with the plans. Although its an ambitious goal for the two legacy carmakers, the number of new EVs may not be nearly enough to gain any ground on segment leader Tesla.

FutureCar Staff 2020-03-26 15:15 PT

Tesla Reaches a Major Milestone, Builds its 1,000,000th Vehicle

Tesla Reaches a Major Milestone, Builds its 1,000,000th Vehicle

​Electric automaker Tesla has reached a major milestone this week by building its one millionth vehicle. Tesla Chief Executive made the announcement in a Twitter post on Monday night.

FutureCar Staff 2020-03-10 15:50 PT

Industry Analysis: It’s Now or Never for U.S. Automakers General Motors & Ford to Catch Up to Tesla

Industry Analysis: It’s Now or Never for U.S. Automakers General Motors & Ford to Catch Up to Tesla

As the shares of electric automaker Tesla soared since the beginning of the year, the company’s market capitalization surpassed both General Motors and Ford combined, which is an amazing accomplishment for the 17-year-old automaker. However, even before Tesla’s recent stock surge, it was still worth more than both GM and Ford individually, two legacy automaker’s with a 100-year head start on Tesla, leaving them struggling to catch up.

Eric Walz2020-02-15 07:00 PT

Ford Motor Co Shakes up its Top Executive Team as the Automaker Prepares for its Future

Ford Motor Co Shakes up its Top Executive Team as the Automaker Prepares for its Future

As the Ford Motor Company plans its future to become a complete mobility services provider, the Detroit-based company has made some changes to its top executive team. Among them, Ford announced that Jim Farley has been named chief operating officer of Ford, reporting directly to president and CEO Jim Hackett.

FutureCar Staff 2020-02-07 14:45 PT

Tesla’s Latest Stock Surge Raises its Market Value Higher Than Rivals GM & Ford Combined

Tesla’s Latest Stock Surge Raises its Market Value Higher Than Rivals GM & Ford Combined

Its been an amazing run for the electric automaker to close out the final quarter of 2019. Tesla’s stock more than doubled in the last three months alone. On Monday, shares of Tesla surged 9% to a record high, closing at $547.41, boosting Tesla's market cap to nearly $97 billion.

FutureCar Staff 2020-01-14 16:15 PT

Reservations Are Full for the First Edition of Ford’s Electric Mach-E Mustang-inspired Crossover

Reservations Are Full for the First Edition of Ford’s Electric Mach-E Mustang-inspired Crossover

The fully-electric Mach-E crossover will be the first Ford vehicle other than the original Mustang, which debuted in 1964, to wear the iconic pony badge. On Monday, Ford shared some reservation details, which offers a glimpse into just what some of the first Mach-E customers are looking for.

Eric Walz2019-12-30 17:45 PT

Ford to Invest $1.45 Billion in Two Michigan Plants to Support Production of the New Bronco and Hybrid & Electric F-150 Pickups

Ford to Invest $1.45 Billion in Two Michigan Plants to Support Production of the New Bronco and Hybrid & Electric F-150 Pickups

Detroit automaker Ford Motor Co is making a significant investment in two Detroit plants to build the new Ford Bronco SUV and to ready production for the first plug-in hybrid and electric F-150 pickups. The investment will add 3,000 new jobs and supports the company’s expansion into electric and autonomous vehicles.

Eric Walz2019-12-17 14:00 PT

With 200,000 Reservations Since Last Week, Tesla’s New Cybertruck Ignites Interest in Electric Pickups

With 200,000 Reservations Since Last Week, Tesla’s New Cybertruck Ignites Interest in Electric Pickups

Despite the unusual appearance of the Tesla Cybertruck, reservations for it topped 200,000 in just a matter of days, according to Tesla. The slew of reservations might be a good indicator of the growing interest in electric pickups.

Eric Walz2019-11-25 16:45 PT

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