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The vehicle is a 2024 Ford Mustang Mach-E
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The company says all will cost less, have longer range and be profitable within a year of reaching showrooms.
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Jim Farley’s comments come amid a significant increase in sales of smaller vehicles so far this year
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Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours tradingFord Motor Co. reported Wednesday that its second-quarter net income fell 4.7% from a year ago as its combustion-engine unit posted a pretax loss due to rising warranty and recall costs.
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Ford is holding a 10-day grand opening for the former train depot
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Ford sold just over 24,000 Lightnings last year, up 55% from 2022. But dealers are reporting slower sales and rising inventories.
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Bill Ford, executive chair of Ford Motor Co., and his wife Lisa Ford are raising $10 million to help ten Detroit nonprofits serving young people start endowments.
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Farley said as the company looks at the transition from internal combustion to electric vehicles, “we have to think carefully about our (manufacturing) footprint.”
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The recall covers Explorers from the 2011 through 2019 model years.
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Ford cuts production of F-150 Lightning pickup on weaker-than-expected electric vehicle sales growthFord sold just over 24,000 Lightnings last year, up 55% from 2022.