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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 Scales Back Michigan Battery Plant Investments

The Truth About Cars

Ford has said it will restart construction on the electric vehicle battery facility it’s building in Marshall, Michigan, after pausing work when the UAW strike kicked off a couple months ago. But the company has also announced that it would be “re-timing and resizing some investments.” billion investment shrinking to roughly $2.2

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Tesla pokes fun at Ford F-150 Lightning in Cybertruck Powershare video

Teslarati

Tesla seemed to poke some fun at the Ford F-150 Lightning in its Powershare promotional video. As noted by the electric vehicle maker, the Cybertruck’s Powershare bidirectional charging system provides power for homes, activities, or other electric vehicles. just ran into a Ford F-150 Lightning owner stranded on the side of the road.

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Ford advises dealerships to not apply markups to F-150 Lightning customers

Teslarati

Ford has sent out an internal memo to all dealerships in the United States and Canada, advising sales staff to not apply dealership markups to customers ordering the new, all-electric F-150 Lightning. In December, we reported that Ford was preparing to open the order bank for the F-150 Lightning in January. on the F150Gen14 forums.

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Ford reveals commitment in subscriptions for business patrons

Baua Electric

As automakers paintings to persuade sellers and traders that they are able to generate bulky earnings within the years forward by means of charging per 30 days subscription charges for software-based products and services, Ford Motor Co. 2 million by means of 2026. Heavy cash is at stake.

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Volvo adopts Tesla’s NACS Connector for EVs

Teslarati

Volvo said today that it would adopt Tesla’s North American Charging Standard (NACS), opting to use the connector for its electric vehicles. The announcement makes Volvo the latest major automaker to adopt Tesla’s charging connector. Soon thereafter, General Motors made the decision to adopt NACS, with Rivian following.

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Ford F-150 Lightning seen in NYC sporting its massive power frunk

Teslarati

Just a week after Ford unveiled the F-150 Lightning in a very public unveiling event, the all-electric pickup has been spotted in New York City sporting a massive power frunk that could be used for storing impressive amounts of cargo or charging power tools. Ford bumps its EV investment to $30B, F-150 Lightning grabs 70k pre-orders.

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