Remove Affordable Remove Blog Remove News Remove SUV
article thumbnail

Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

Farley noted that company executives are aware of buyers’ desire for more affordable EVs, noting Ford’s recent price cuts on the Mustang Mach-E, which gave the SUV a striking sales bump. The automaker’s hybrid models are quite popular, however, driven to a large degree by its expansive fleet business.

article thumbnail

Report: Ford's EV Skunkworks Team to Create Three Affordable Electric Models

The Truth About Cars

A few weeks ago, Ford announced that it had created an internal skunkworks team to focus on affordable EVs and a new platform to underpin them. Tesla also reportedly plans to (finally) get its affordable EV out the door in the next year or so. All automakers in the U.S. Mexico-Canada free trade agreement.

article thumbnail

Tesla Model Y leads Europe’s D-SUV segment in 1H22

Teslarati

The Model Y certainly seems to be having a lot of momentum, with the vehicle recently topping Europe’s D-SUV segment in the first half of 2022. Europe’s D-SUV segment is competitive, with established players like the BMW X3 and the Mercedes-Benz GLC being mainstays. Don’t hesitate to contact us with news tips. Credit: JATO.

SUV 139
article thumbnail

LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)

Teslarati

16:50 CT – With the meeting concluded, we’d like to thank you once more for staying with us for this live blog. Elon Musk notes that Tesla will roll out Plaid Mode for its flagship SUV. I want to make sure that this is not just the good news parade. Don’t hesitate to contact us with news tips. Until the next time!

Tesla 130
article thumbnail

Ford is Offering a Zero-Percent Interest Rate for Mach-E Loans

The Truth About Cars

Ford cut Mustang Mach-E pricing earlier this year, achieving its intended result of boosting demand for the electric SUV. Now, the automaker is offering a zero-percent APR for qualified customers, making the vehicle even more affordable. Those numbers made it the second best-selling SUV in its class, topped only by the Tesla Model Y.

Ford 105
article thumbnail

Ford Slashed the Mach-E's Price Tag and Saw an Immediate Uptick in Sales

The Truth About Cars

In response to flagging demand, the automaker cut prices on the electric SUV and has seen an uptick in sales as a result, showing that cost remains a significant hurdle for many prospective buyers. EV cost will remain a hurdle until automakers can crack the profitability nut that has so far eluded all of them.

Ford 116
article thumbnail

Kia is Eying a Much Hotter EV9 GT

The Truth About Cars

One of the more popular selling points for new EVs is the massive amount of almost instant torque they deliver, making some models shockingly quick off the line. The Kia EV6 GT is one of them, offering near-supercar levels of acceleration at a premium SUV price, and the automaker appears poised to try that formula again with its larger EV9.

Kia 104