RideCell, a transportation software startup, has doubled its previously announced Series B funding round to $60 million, a sign that investors believe demand for cloud-based mobility platforms will grow as more companies try to scale up car-sharing, ride-hailing and even robotaxi businesses. The company, which has developed a platform designed to help car-sharing, ride-sharing and autonomous… Continue reading RideCell expands funding round to $60 million – TechCrunch
Tag: Ford
Ford Motor Company to Share Details on Mobility Business at Citi’s 2019 Car of the Future Symposium
DEARBORN, Mich.–(BUSINESS WIRE)–On Thursday, May 9, Sundeep “Sunny” Madra, vice president of Ford X, Ford Mobility’s business incubator and accelerator, will participate in a fireside chat moderated by Itay Michaeli at Citi’s 2019 Car of the Future Symposium in New York. Madra is the co-founder and former CEO of Autonomic which was acquired by Ford… Continue reading Ford Motor Company to Share Details on Mobility Business at Citi’s 2019 Car of the Future Symposium
GM CEO confirms plans to build Chevy or GMC electric pickup truck
2019 GMC Sierra
General Motors CEO Mary Barra confirmed Tuesday in a call with investors what rumors had long predicted: The automaker will build an electric pickup. Barra didn't specify when the pickup would appear, or whether it would be branded as a GMC or Chevrolet.
Rumors swirled earlier this year that GM may invest in EV startup Rivian, but that never materialized. Instead, Amazon invested up to $700 million in Rivian earlier this year. Then, last week Ford announced that it will invest $500 million in Rivian, which could preclude a deal with GM.
Barra's announcement Tuesday makes it clear that GM is committed to building an electric pickup, even without Rivian.
DON'T MISS: GMC could join electric-pickup tailgate party
In January, Duncan Aldred, vice president of General Motors' GMC brand, told attendees at a conference following the Detroit auto show that the brand was considering an electric truck, but didn't offer any details.
Barra had already said, multiple times, that the automaker is working toward an all-electric future, which includes pickups.
READ MORE: Chevrolet Bolt EV to get electric sibling, with Michigan plant investment
In March, GM announced it will invest $300 million in its Orion Township, Michigan factory to build a second electric model based on the Chevrolet Bolt EV, which Barra also confirmed Tuesday. The second car is expected to be an electric SUV, possibly called the Bolt EUV.
Beyond that, GM announced at the Detroit auto show that Cadillac will become its lead brand for electric vehicles, starting with an electric SUV in 2022.
CHECK OUT: Long-range Cadillac SUV to lead GM's next electric-car push, in 3 years
With Cadillac taking the lead to sell GM electric cars—for higher prices and profit margins—it makes sense that the premium GMC brand could be the automakers' primary outlet for electric pickups.
Electric pickups have gained in mind-share in recent months after Rivian revealed its long-range electric pickup at the LA auto show in November. Tesla CEO Elon Musk said this year that the company will reveal more details about its pickup in the summer, which is expected to follow the Model Y and the Semi, though an actual production timeline is still unclear.
Ford also announced that it will built an all-electric F-150 and a Mustang-inspired crossover.
From Package Deliveries to Mobile Car Washes, Ford Brings New Services to Your Connected Car
By Lorin Kennedy, FordPass Ecosystem Business Leader, Ford Motor Company For more than a century, Ford has powered people’s ability to get where they need to go with safe, reliable cars. Now, we think it’s time to flip the script. Instead of using our vehicles solely to get us to our destinations, what if we used them… Continue reading From Package Deliveries to Mobile Car Washes, Ford Brings New Services to Your Connected Car
GM Electric Pickup Planned To Take On Rivian, Ford, And Tesla – Motor1.com
Don’t expect to see the truck too soon, though. During the investor’s call announcing General Motors’ first-quarter financial results, CEO Mary Barra dropped a tantalizing bit of info that an electric pickup is in the automaker’s plan. Unfortunately, she didn’t offer any specific details about what brand would sell the model, according to Slash Gear.… Continue reading GM Electric Pickup Planned To Take On Rivian, Ford, And Tesla – Motor1.com
UPDATE 4-Lyft elevates GM first-quarter profit, pickups in driver’s seat
DETROIT (Reuters) – General Motors Co on Tuesday reported a higher-than-expected quarterly profit, lifted by revaluations of shares it holds in ride-hailing company Lyft Inc and France’s Peugeot SA. FILE PHOTO: A General Motors sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November… Continue reading UPDATE 4-Lyft elevates GM first-quarter profit, pickups in driver’s seat
Ford partners with Amazon to allow package deliveries to owners’ cars
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Ford Motor Co said on Tuesday it partnered with Amazon.com Inc to allow members of the ecommerce company’s loyalty club Prime to deliver packages to their cars when they… Continue reading Ford partners with Amazon to allow package deliveries to owners’ cars
Flipping the Script: How Ford Is Bringing More Services Directly to Your Car
From Package Deliveries to Mobile Car Washes, Ford Brings New Services to Your Connected Car By Lorin Kennedy, FordPass Ecosystem Business Leader, Ford Motor Company Ford Motor CompanyBlockedUnblockFollowFollowing Apr 30 Ford is teaming up with Amazon to bring its Key by Amazon In-Car delivery service to eligible Ford and Lincoln vehicles. For more than a century,… Continue reading Flipping the Script: How Ford Is Bringing More Services Directly to Your Car
Ford reaches agreement with workers at Brazilian plant it plans to shut down
FILE PHOTO: Ford’s oldest Brazil plant is seen after the company announced its closure, in Sao Bernardo do Campo, Brazil February 20, 2019. REUTERS/Amanda Perobelli SAO PAULO (Reuters) – Ford Motor Co said on Tuesday it had reached an agreement with the workers’ union at a historic Brazil plant it plans to shutter by the… Continue reading Ford reaches agreement with workers at Brazilian plant it plans to shut down
Ford Adds 550 Jobs In Kentucky Truck Plant To Boost SUV Production
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Ford Adds 550 Jobs In Kentucky Truck Plant To Boost SUV Production
22 Mar 2019, 7:53 UTC ·
by Mircea Panait
Home > News > Car Profile
If you’re in the market for a full-size SUV with truck underpinnings and convenience for the whole family, it’s hard to go wrong with the Expedition. Redesigned for the 2018 model year, Ford can’t keep up with demand for the successor of the fifth-generation Bronco.
26 photosWhat does an automaker do when people want a product but don’t like to wait for their order to roll off the assembly line? Invest in the Kentucky Truck Plant in Louisville, of course! Adding 550 new jobs is just the tip of the iceberg, more so if you remember the Lincoln Navigator is also selling like hot cakes.
Through those 550 jobs, Ford plans to ramp up production by 20 percent. Expedition sales increased 35 percent in 2018 while the Navigator improved 70 percent. There’s also the matter of average transaction price, which grew by $11,700 to $62,700 last year.
Supporting these efforts, Ford is launching a new marketing campaign this week. “Better Big” focuses on the best-in-class towing and legroom of the Expedition, as well as the most driver-assist technology in the segment. “We ‘out-big’ the competition where it counts – towing, interior space and technology,” declared Matt VanDyke, director of U.S. marketing. “Our team completely rethought every inch of Expedition, and its growing sales reaffirm we hit the sweet spot with today’s full-size SUV customers.”
In addition to more workforce, the Kentucky Truck Plant has increased the line speed by cutting down the cycle times of each operation. How did Ford pull it off? By adding more workstations and splitting up tasks to ensure the employees can finish their jobs in the allotted time, thank you!
Production per se will increase after the summer shutdown in July 2019, and if you were wondering, the Expedition can seat eight people and tow up to 9,300 pounds. For first-time homeowners who are starting new families, that’s an offer few can refuse. Does it come as a surprise Ford is discontinuing most passenger cars in the U.S. lineup to focus on trucks and utilities? Not even slightly!
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