Ford Motor delivered 500,504 vehicles in the U.S. in the third quarter, including 20,962 all-electric vehicles and 34,861 hybrids. There is mostly good news and some bad news in those figures for investors.
Growth is part of the good news. Investors appeared to expect as much. Ford stock was down 0.4% on Wednesday, while the S&P 500 was down 0.1% and the Dow Jones Industrial Average was down 0.4%. That isn’t much of a move. The bad news is that Ford and GM really can’t touch Tesla yet. Tesla’s Model Y likely sold about 100,000 units in the U.S. in the third quarter. The Mustang Mach-E sold about 15,000. Ford, and all other traditional auto makers, have yet to produce a model that can sell like a Tesla.
About 4.1% of the cars Ford delivered were all-electric, up from about 3.9% a year ago. Ford probably would like to see its investment in battery-electric cars pay off more quickly.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Electric vehicle drivers want fast charging, and truck stops see the opportunityWhat are truck stops doing to make EV drivers feel more welcome? Upgrading dining options, adding upscale shopping, dog parks — and fast charging.
Source: MarketWatch - 🏆 3. / 97 Read more »
Evercore ISI upgrades this electric vehicle maker, says it can become the next TeslaAnalyst Chris McNally upgraded Rivian Automotive to outperform from in line and raised his price target to $35.
Source: CNBC - 🏆 12. / 72 Read more »
Fuel cell electric vehicle demonstration seen as catalyst for nascent green hydrogen economyIn a milestone for South Africa’s nascent green hydrogen economy, three large corporates have teamed up to showcase the potential of using domestically produced hydrogen as a zero-emission transportation alternative. During a demonstration in Gauteng, a second-generation Toyota Mirai fuel cell electric vehicle (FCEV) was refuelled with hydrogen produced by Sasol in Sasolburg, in the Free State. The hydrogen was transported by truck in an Air Products tube trailer, and the vehicle was refuelled on site using the US multinational’s mobile hydrogen dispensing technology.
Source: MiningWeeklyAUS - 🏆 233. / 63 Read more »
Prominent electric-vehicle rival beats expectations as Tesla missesTesla reported its highly anticipated third-quarter production numbers.
Source: startelegram - 🏆 248. / 63 Read more »
As electric vehicle sales rise, Chicago still building out infrastructure for charging stations'We're still at the infancy stages of that. So it's very difficult for somebody to travel around the Chicagoland area and still stay connected to their car,' said Gene Kent, director of the International Brotherhood of Electrical Workers trade school in Chicago.
Source: cbschicago - 🏆 546. / 51 Read more »
- Electric Vehicle News and TrendsGet breaking news, in-depth articles and press releases covering Awards in the EV industry.
Source: InsideEVs - 🏆 579. / 51 Read more »