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News on Medial
Jeeps could crash the party at GM and Ford
Livemint
·
1y ago
Medial
General Motors (GM) and Ford are expected to report resilient financial results for the first half of the year, with record revenues. This can be attributed to the strength of the American consumer, sales discipline among manufacturers, and a slowdown in electric vehicle sales. The Detroit automakers have benefited from better-than-expected sales prices, despite a stalling recovery in sales. Furthermore, the slowdown in electric vehicle sales has alleviated investor concerns, allowing GM and Ford to see their shares rise this year. However, the biggest risk in the second half is the potential slipping of pricing discipline, especially with Stellantis struggling to shift its vehicles.
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US agency probes driver assistance system use in fatal Ford crash
Reuters
·
1y ago
Medial
The National Highway Traffic Safety Administration has initiated an investigation into a fatal crash involving a Ford Mustang Mach-E in Texas. The crash, which occurred on February 24, is suspected to have been influenced by the use of an advanced driver assistance system. The National Transportation Safety Board has also opened a separate investigation into the incident. According to the police report, the Ford vehicle had "partial automation" engaged at the time of the crash. The investigation will shed light on the role of the driver assistance system in the accident.
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Ford's adventure with Tesla superchargers officially begins
TechCrunch
·
1y ago
Medial
Owners of Ford EVs now have access to more than 15,000 Tesla superchargers in the U.S. and Canada. Ford EV owners can receive a free adapter to access Tesla's fast charging stalls if they are enrolled in Ford's BlueOval Charge Network and order the adapter by June 30, 2024. In a move to encourage industry-wide adoption, Tesla encouraged automakers to use its EV charging connector, and Ford was the first to strike a deal granting access to Tesla Superchargers. Other automakers like GM, Hyundai, Kia, Toyota, and Stellantis have since followed suit.
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Ford to reveal more about its new low-cost electric vehicles on August 11 | TechCrunch
TechCrunch
·
9d ago
Medial
Ford plans to unveil details about its new low-cost electric vehicles on August 11 in Kentucky. CEO Jim Farley claims this is a significant milestone for the company. Despite a recent $1.3 billion loss in its EV division, Ford aims to introduce a mid-size pickup truck by 2027. The project, led by ex-Tesla executive Alan Clarke, features a platform for various models. Competitors like Tesla and GM are also entering the affordable EV market.
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Trump says may raise US auto tariffs in 'not too distant future'
Economic Times
·
1m ago
Medial
U.S. President Donald Trump announced a potential increase in tariffs on imported automobiles to boost domestic manufacturing. Currently imposing 25% levies on foreign autos, he suggested going higher to encourage plant construction in the U.S. This announcement led to a drop in auto shares, with Ford and General Motors experiencing declines. GM anticipates up to a $5 billion impact on its 2025 earnings due to current tariffs.
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Tesla faces second straight year of falling sales after another bad quarter | TechCrunch
TechCrunch
·
1m ago
Medial
Tesla experienced a 13.5% drop in vehicle deliveries in Q2 2025 compared to Q2 2022, marking two consecutive years of declining sales. Despite Musk attributing past sales issues to production changes, no such disruptions occurred in Q2. Tesla's attempt to boost sales included price cuts, promotions, and minor upgrades. Meanwhile, other automakers like Ford and Hyundai also faced EV sales declines, though GM increased U.S. EV sales through new models. Tesla's financial impact will be detailed in its July earnings report.
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Dude, where’s my self-driving car?
The Verge
·
1y ago
Medial
The article discusses the missed deadlines and failed predictions surrounding the development of self-driving cars. It highlights optimistic claims made by industry leaders such as Google, Baidu, Lyft, GM, Ford, and Intel about the imminent arrival of fully autonomous vehicles. However, the technology has not progressed as rapidly as anticipated, and many self-driving cars remain limited to geofenced service areas due to technological shortcomings and regulatory restrictions. The article also mentions the significant amount of money invested in AV companies and the impact of failed predictions on public perception.
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Ford in talks with JSW for India re-entry
Livemint
·
11m ago
Medial
Ford Motor Company is reportedly in discussions with JSW Group, led by Sajjan Jindal, to restart operations at its Chennai facility for production purposes. The talks come after Ford signed a letter of intent with the Tamil Nadu government to repurpose the factory for export markets. Details of the potential alliance with JSW Group are still unclear and are regarded as exploratory conversations at this stage. Ford is committed to India as an important market and currently employs 12,000 individuals in the country.
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Decision time for GM in China: Stay, scale back or go
Livemint
·
10m ago
Medial
- General Motors (GM) is struggling to regain its market share in China despite introducing new models, such as the electric Cadillac Lyriq. - GM's market share in China has shrunk, leading to calls for the company to scale down or withdraw from the Chinese market. - Foreign automakers, including Volkswagen and Toyota, are facing similar challenges in China as Chinese consumers are increasingly favoring local brands that offer advanced technology and competitive pricing. - GM's CEO, Mary Barra, has expressed the company's commitment to continue operating in China, despite the difficulties. The company has announced plans to restructure its business in the region. - To address the challenges in China, GM could consider closing factories, reducing the number of models, and establishing partnerships with domestic EV makers. - The shift to electric cars in China has been described as a "seismic shift," and GM acknowledges that it could have managed the EV transition better in the country. However, there is still potential for growth in the luxury market.
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Ford delays new EVs once more, showing why legacy automakers need to adopt a startup mentality
TechCrunch
·
1y ago
Medial
Ford has announced a delay in the production of two of its electric vehicles (EVs), a pickup and an SUV, for one and two years respectively. Instead, the automaker will focus on introducing hybrids across its US lineup. This move is aimed at boosting cash flow and near-term profits, following Toyota's success in the US market with strong demand for hybrids. However, Ford's ability to shape the market and think like a startup has historically driven its success, as demonstrated with the Mustang Mach-E and previous innovations like the Taurus and Explorer. Despite the EV delays, Ford could still embody a startup mentality as it develops a low-cost EV through a separate team.
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GM, Hyundai explore partnership to develop vehicles together
Livemint
·
11m ago
Medial
General Motors (GM) and Hyundai Motor are in talks to form a partnership that could result in cost savings and joint development of vehicles. The American and Korean automakers are looking for additional scale as they transition to electric vehicles (EVs). While they have entered a nonbinding agreement, specific details of the partnership have not been disclosed. This potential collaboration would be the first of its kind between GM and Hyundai. Both companies are seeking to unlock their strengths and creativity to deliver more competitive vehicles to customers.
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