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Ford reveals CEO Jim Farley’s latest pay raise

Teslarati

A recent filing has revealed Ford CEO Jim Farley’s latest pay increase, with his total compensation increasing by as much as 26 percent in 2023. Securities and Exchange Commission (SEC) last week, Ford revealed that CEO Jim Farley’s total compensation in 2023 was nearly $26.5 In proxy statement filed with the U.S.

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Ford supplier gets rights to localize BYD LFP blade battery production 

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BYD licenses LFP blade battery cells to BorgWarner, a supplier for Ford, General Motors, and Stellantis. BYD has agreed to give BorgWarner the right to localize production of LFP battery packs with blade cells in Europe, the Americas, and select regions in the Asia Pacific for eight years.

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Ford announces 11.4B investments on production and battery plants for its EV lineup

Teslarati

Ford announced its plans to invest $11.4 billion in Tennessee and Kentucky for its electric vehicle production line. The investments will be made via BlueOvalSK , a new joint venture between Ford and SK Innovation—pending definitive agreements, regulatory approvals, etc. Ford plans to build a $5.6

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Ford F-150 Lightning listed among slowest selling used vehicles

Teslarati

The Ford F-150 Lightning is an acclaimed vehicle. As per a recent analysis of the second-hand vehicle market, however, it would appear that Ford is finding it hard to find buyers for its used F-150 Lightning inventory. For some time, it was quite difficult to acquire a Ford F-150 Lightning. days on dealer lots.

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Ford doubles F-150 Lightning production target to over 80k annually for 2024

Teslarati

Ford has doubled the production target for the F-150 Lightning to over 80,000 vehicles annually in 2024. To accomplish this target, Ford is looking to spend an additional $850 million to meet its updated production target, according to individuals and suppliers familiar with the automaker’s plans.

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Ford is on track to sell more electric cars than rival General Motors this year

Teslarati

Ford’s strength in the general auto sector seems to be spilling over somewhat to its electric vehicle business. This was made possible as Ford posted a 5.9% This was made possible as Ford posted a 5.9% Andrew Frick, Ford’s vice president of sales for the U.S. year-over-year sales boost for the month.

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Ford begins production of 2012 Focus Electric at Michigan Assembly, C-MAX models on deck

Green Car Congress

Ford’s Michigan Assembly Plant is starting production of the 2012 Focus Electric ( earlier post )—a five-passenger, battery-electric car Ford expects will achieve more than a 100 miles per gallon equivalent (MPGe) fuel economy rating. 1 gallon of gasoline=33.7 Phoenix and Tucson, Ariz.; Portland, Ore.; Raleigh-Durham, N.C.;

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