October 22, 2020

Trudeau, Ontario announce ‘win-win’ $1.8 billion investment into Ford electric vehicle production

PM, Ford announce COVID-19 job boost with auto investment

Prime Minister Justin Trudeau and Premier Doug Ford announced contributions part of a $1.8 billion investment into car manufacturer Ford’s Oakville Assembly Complex, in order to make it a global hub for battery electric vehicle production.

Both the Ontario and federal government will invest $295 million, to go along with an investment by the manufacturer, in order to make zero emission electric vehicles.

“By investing in technology that protects the environment, we’re also taking action on our plan to get to net zero carbon emissions by 2050, said Prime Minister Justin Trudeau on Thursday. “For our environment, for our auto-sector, this is a win-win.”

Trudeau said the announcement secures 5,000 middle-class jobs, while positioning the country to use its talent to be a leader in electric vehicles, a growing market.

“Today’s announcement represents the largest investment in Ontario’s auto sector and

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car

Dodge Challenger gaining on Ford Mustang in American sports car sales race

Dodge is closing the gap on Ford in the American sports car sales race, but can it catch its rival before the end of the year?

Dodge sold 16,332 Challengers in the third quarter of 2020, which handily beat the Ford Mustang’s tally of 13,851. It was the second year in a row that the Challenger outsold the Mustang in the period, having set an all-time record in 2019.

The Dodge Challenger SRT Super Stock will be the most powerful American car when deliveries begin this year.

The Dodge Challenger SRT Super Stock will be the most powerful American car when deliveries begin this year.
(Dodge)

The Mustang holds a sizeable lead on the year, however, with 47,637 sales to the Challenger’s 38,350, but the margin has dropped from 11,769 to 9,287 since June.

The 760 hp Mustang Shelby GT500 is the most-powerful Ford ever made.

The 760 hp Mustang Shelby GT500 is the most-powerful Ford ever made.
(Ford)

The Chevrolet Camaro sits in a distant third at 22,226 cars sold, which is down 39.6 percent from its third-place showing

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car

GM, Ford Need Electric-Car Batteries, but Take Different Paths to Get Them

Auto makers, pumping billions of dollars into developing electric cars, are now facing a critical choice: get more involved with manufacturing the core batteries or buy them from others.

Batteries are one of an electric vehicle’s most expensive components, accounting for between a quarter and a third of the car’s value. Driving down their cost is key to profitability, executives say.

But whereas the internal combustion engine traditionally has been engineered and built by auto makers themselves, battery production for electric cars is dominated by Asian electronics and chemical firms, such as

LG Chem Ltd.


051910 4.47%

and

Panasonic Corp.


PCRFY -2.34%

, and newcomers like China’s

Contemporary Amperex Technology Co.


300750 2.05%

With regulators world-wide pushing car companies to sell more electric cars, auto executives worry there won’t be enough factories building high-quality batteries.

California, the U.S.’s largest car market, said last month it would end the sale of

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Nikola founder faces sexual assault allegations, Ford shakes up C-suite, Trump’s COVID-19 diagnosis threatens an airline recovery

Until a few weeks ago, life looked very good for Trevor Milton. His zero-emissions truck company, Nikola, went public in June and put the 38-year-old on the Forbes 400 Billionaires list with a net worth of $5.5 billion. In September, Nikola announced a deal with General Motors that came with a stock price surge and a hefty dose of credibility.



a man sitting in a car: Allegations against Nikola founder Trevor Milton aren't all related to his company. REUTERS/Massimo Pinca


© REUTERS/Massimo Pinca
Allegations against Nikola founder Trevor Milton aren’t all related to his company. REUTERS/Massimo Pinca

But then, short-seller Hindenburg Research published a lengthy report calling Nikola an “intricate fraud” and accusing Milton of “numerous lies.” A bit more than a week later, Milton resigned as Nikola’s executive chairman and abandoned his seat on its board. 

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The allegations against Milton aren’t all related to his company. On Monday, CNBC reported that an unnamed woman accused Milton of sexually assaulting her when he was 22 and she was

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car

Ford Surprises Rodney Smith Jr. With Brand New Car to Continue His Mission to Mow 50 Yards in 50 States

Ford Motor Company

Rodney Smith Jr. found himself at a loss for words after mowing the lawn of two deserving military veterans on Tuesday.

Smith is currently on his ninth lawn-mowing tour of the country, mowing 50 lawns in 50 states. In each state, the Huntsville, Alabama, native picks a group of people and surprises them by mowing their lawn for free. This year, he’s helping Gold Star families, Purple Heart recipients, POWs, and veterans.

“I believe we should honor our veterans while they’re here,” Smith told WDIV. “They have sacrificed so much for our country. It’s only right to give back while we can. This is my way of giving back, by mowing free lawns. I’m honored to be here today to mow for another veteran.”

Ford Motor Company

For Smith, the founder of Raising Men Lawn Care Service, mowing lawns isn’t a business, it’s a calling.

“I

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Test drive: The 2020 Ford Explorer ST is a sportier utility vehicle

When Ford announced it was giving up on cars not named Mustang in the U.S., its sporty four-doors like the Fiesta ST and Focus ST were done.

Instead, it has been busy adding high performance SUVs to the lineup to replace them under the ST name.

It started with the 2019 Ford Edge ST and new this year is the first Explorer ST, which leverages the large utility vehicle’s rear-drive-biased platform with the most powerful engine ever offered in the model.

Ford

It’s a 400 hp version of the Explorer’s 3.0-liter turbocharged V6 that also sends 415 lb-ft of torque to all four wheels in this application through a 10-speed transmission related to the Mustang’s.

The ST also has a firmer suspension compared to other Explorer models and beefier brakes that can be further enhanced with optional larger calipers and better pads that come with a set of 21-inch wheels and

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car

Ford Mustang Mach-E Electric Car Getting Major Price Drop Ahead Of Release

Ford announced on Wednesday that the Mustang Mach-E, an all-electric SUV, scheduled for release later in the year will be getting a major price cut. These cuts will range from $1,000 to $3,000 and are intended to make the more environmentally friendly vehicle more consumer-friendly as well.

“Exceptional value has always been a hallmark of the Mustang brand,” Emma Bergg, a spokeswoman for Ford, said in a statement. “In addition to its great all-electric driving range and performance, we’re adjusting Mustang Mach-E pricing to remain fully competitive in a segment that is seeing dynamic price changes.”

As of now, Mach-E models are set to range in price from $42,895 to $58,300. Electric car purchases are also eligible for a federal tax credit of up to $7,500 depending on battery capacity.

The cuts were first disclosed in a memo distributed to dealerships on Tuesday, calling into question the real rationale behind

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Ford F-150, Explorer and Mustang part of 620,000-vehicle recall for blank backup cameras

Every vehicle but the Ecosport is included in this recall.


Jon Wong/Roadshow

Following news of two new Ford recalls for broken Mustang brake pedals and poor welds in the F-250 and F-350 Super Duty pickups, Ford on Wednesday announced a third recall that affects nearly every new vehicle it sells today. Specifically, 620,246 vehicles will need to go back to the dealership for blank backup cameras.

The vehicles involved in the large recall are all 2020 models. They are the Ford Explorer, F-150, Mustang, Transit, Super Duty pickups, Expedition, Escape, Ranger and Edge. If you’re keeping track, that’s every Ford on sale today save for the Ecosport. None of the affected cars have sufficient electrical conductivity for the internal camera’s circuit board, which can result in completely blank backup cameras or images that flicker where the display is supposed to provide

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