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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 Has Paused F-150 Lightning Shipments

The Truth About Cars

Ford has stopped shipments of the 2024 F-150 Lightning, but not because there isn’t demand for the electric truck. The automaker said it stopped deliveries on February 9 to conduct quality inspections, but production is still rolling at the automaker’s Rouge Electric Vehicle Center. Image: Ford] Become a TTAC insider.

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Ford begins deliveries of the F-150 Lightning electric pickup in Europe

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Ford has begun deliveries of its F-150 Lightning electric pickup truck in Europe, with the first of the units going to a couple located in Norway. “Exciting to see our Ford customers in Norway begin receiving their F-150 Lightning deliveries,” wrote Farley in the post. “Congrats to Dag and Angela.

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Ford, GM & four other OEMs commit to phase out gas car production by 2040

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Six major automakers will pledge to phase out the production of ICE vehicles worldwide by 2040, said the British government in a statement. Fossil fuel car emissions contribute to greenhouse gas emissions around the globe. During the gathering, Volvo, Ford Motor Co., For instance, Volvo plans to go full electric by 2030.

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General Motors inks cobalt supply deal with Glencore

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General Motors has inked a new cobalt supply deal with Glencore PLC, a mining company that has dealt with EV leader Tesla in the past, as electric vehicle material availability becomes more unpredictable. GM to expedite Hummer EV production as reservations increase to 65,000. I’d love to hear from you!

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Ford F150 Lightning takes home trophy ahead of production upgrade

Teslarati

The Ford F150 Lightning has been awarded Edmunds’ “Top Rated Electric Truck of 2023” award ahead of a massive production upgrade planned for this year. At the same time, Ford’s gas F150 was also rated the top truck of 2023. Ford sees what is on the horizon; competition.

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Ford's Overall Sales Climb While EV Numbers Drop

The Truth About Cars

Ford has invested billions in its electrification efforts, but the automaker might not see a return on that money for quite some time. Ford reported second-quarter sales growth of 9.9 At the same time, Ford’s EV sales declined by 2.8 If EVs aren’t driving Ford sales, what is? Though Ford truck sales jumped 26.2

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