Boston Consulting Group Ford GM Production 
Baua Electric
APRIL 5, 2024
Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. Tesla’s Model 3 was the next closest to hitting the mark.
Baua Electric
APRIL 17, 2024
Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group. GM was supposed to be producing hundreds of thousands of its Ultium EVs annually by now. market if heavily-subsidized Chinese EVs ever break through here.
Green Car Congress
FEBRUARY 18, 2011
Ford Motor Company and Russian automobile company Sollers OJSC signed a Memorandum of Understanding (MoU) under which the parties intend to launch a new 50:50-owned joint venture called Ford Sollers for the production and distribution of Ford vehicles in Russia. Ford began producing cars in Russia in 2002.
Cars That Think
JANUARY 17, 2023
Ford, for example, recently cut 3,000 highly-paid salaried and contract workers as a down payment to help fund the transition to EVs. Ford CEO Jim Farley has said , employee cuts are necessary as Ford has “too many places in some places, no doubt about it. Ford is not alone. Mercedes-Benz says it will be investing €1.3
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