Image: CarSales
Image: CarSales
AutoExec Summary
The CEO of Blue Oval, Jim Farley, announced that future Ford electric vehicles will be priced from $US20,000. Ford will focus on affordable electric cars for markets like the US, Europe, and Australia, rather than high-end models. The company will introduce electric cars ranging from $US20,000 to $US70,000, with a focus on small SUVs and crossovers. Ford will also expand its lineup of commercial electrified vehicles. Farley emphasized the importance of improving vehicle quality to address soaring warranty costs. Despite challenges, Ford reported a third-quarter profit exceeding Wall Street expectations. Farley aims for future profit growth through cost-cutting and increased production of key models.
Brands mentioned: Ford, Porsche, Audi, Tesla
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