Ford On Track To Reach Targeted Annual Production Run Rate Of Over 2 Mln EVs By End Of 2026

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Ford On Track To Reach Targeted Annual Production Run Rate Of Over 2 Mln EVs By End Of 2026

(RTTNews) - In its 2023 Integrated Sustainability and Financial Report released on Monday, Ford Motor Co. (F) has revealed details of its progress on its commitment to create a more sustainable, inclusive and equitable transportation future.

The new data shows that Ford is on track to achieve carbon neutrality no later than 2050 across its vehicles, operations and supply chain.

The report also highlights progress on initiatives aligned with the company's commitment to source raw materials that are responsibly produced and make its EV and battery supply chain more transparent.

Ford said it is dedicating more than $50 billion from 2022 through 2026 globally to develop and manufacture electric vehicles and batteries.

The company is on the path to reach its targeted annual production run rate of 600,000 EVs by the end of 2023 and more than 2 million by the end of 2026. By 2030, half of Ford's global vehicle sales volume is expected to be electric.

Ford has reduced Scopes 1 and 2 emissions by 35.4 percent since 2017, which accounts for direct emissions from its operations and indirect emissions from energy purchases.

Ford invested more than $26 million in facility upgrades to improve energy efficiency and conservation across its facilities and manufacturing processes, helping the company achieve a 40 percent reduction in absolute manufacturing greenhouse gas emissions from 2017.

Teg: F
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Ford To Invest $3 Bln In Canada For Super Duty Pickups

Ford To Invest $3 Bln In Canada For Super Duty Pickups

Automajor Ford Motor Co. announced plans to invest about $3 billion in Canada in its efforts to boost production of F-Series Super Duty pickups, one of its most popular and profitable vehicles. With the investment, Ford will add a third North American assembly plant at the Oakville Assembly Complex in Ontario, Canada, to meet the increasing Ford Pro customer demand.
RTTNews | 228 hari yang lalu
Ford Recalls About 550,000 2014 Model Year F-150 Vehicles

Ford Recalls About 550,000 2014 Model Year F-150 Vehicles

Ford Motor Co. (F) on Tuesday issued a recall for a total of 552,188 2014 model year F-150 pick-up trucks in the United States due to a Powertrain Control Module (PCM) issue, the National Highway Traffic Safety Administration said on Tuesday.
RTTNews | 251 hari yang lalu
Tesla Superchargers Are Open To Ford EVs

Tesla Superchargers Are Open To Ford EVs

Owners of Ford Motor Co. electric vehicles can now use Tesla Superchargers, Ford chief executive Jim Farley announced. Under the charging partnership between the auto majors, which involves use of fast-charging adapters, the option to use Tesla's thousands of superchargers were opened on Thursday, with Ford being the first user.
RTTNews | 367 hari yang lalu
Ford To Cut F-150 Lightning Production By Half In 2024

Ford To Cut F-150 Lightning Production By Half In 2024

Ford Motor Co. plans to cut production of its electric F-50 Lightning pickup trucks by about half in 2024 amid changing market demand, reports said citing a company email. The news comes as demand for electric vehicles is said to be slower than expected reflecting higher prices and interest rates.
RTTNews | 447 hari yang lalu
GM, Ford To Furlough More Workers As UAW Strike Intensifies

GM, Ford To Furlough More Workers As UAW Strike Intensifies

General Motors and Ford Motor reportedly said they are furloughing 500 more workers at four plants hit by the ongoing strike by United Auto Workers or UAW union seeking better contract terms. GM plans to furlough 130 employees at its Parma, Ohio Metal Center and 34 at its Marion, Indiana Metal Center. Meanwhile, Ford would furlough 330 workers at its Chicago Stamping and Lima, Ohio Engine plants.
RTTNews | 517 hari yang lalu
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