Ford puts brakes on EVs as demand drops

Published

4 weeks ago

April 5, 2024

Ahron Young

Ford Motor announced that it is postponing the launch of its new three-row electric vehicle (EV), citing the need for further development in the consumer market for EVs.

The carmaker had initially aimed to introduce the new EV in 2025 but has now pushed back the launch to 2027.

Despite the delay, Ford reaffirmed its commitment to producing the vehicle at its Oakville Assembly Plant in Canada.

This plant is undergoing a transformation from gas-vehicle production to becoming an EV manufacturing facility.

Shift to hybrids

The decision comes amid a significant increase in EV sales for Ford during the first quarter of this year, with a notable 86% jump as the company scaled up production.

This delay allows Ford to take advantage of the evolving landscape of the EV market, ensuring that its new offering is aligned with consumer preferences and industry trends.

By postponing the launch, Ford aims to deliver a competitive and compelling EV that meets the evolving needs and expectations of customers.

The company’s decision underscores its commitment to staying at the forefront of electric mobility while also ensuring the success of its future EV offerings.

Will the Fed reserve’s cautious stance tame inflation or stifle growth?

Published

1 hour ago

May 2, 2024

Nathan Langridge

The Federal Reserve opted to keep interest rates unchanged, signalling concerns over the sluggish pace of inflation improvement.

On this episode of Hot Shots – US Fed Reserve aim for 2%, Elon Musk makes a bold Tesla choice, Amazon makes big movies thanks to AI and fast-food restaurants are facing a big issue with customer retention.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #hot shots #ticker today

News

Bonza Airlines grounded in financial turbulence

Published

2 hours ago

May 2, 2024

ticker NEWS

Navigating uncertainty in Australian aviation

Bonza, a fledgling budget airline, faces uncertainty as it enters voluntary administration, a common occurrence in Australian aviation.

With its sudden cessation of services and aircraft seizure, competition in an industry dominated by a duopoly is disrupted.

Despite transporting over 750,000 passengers within 15 months, regulatory delays hindered its low-cost, low-frequency flight plans until January 2023.

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How to reduce stress at work

Published

2 hours ago

May 2, 2024

ticker NEWS

The month of May is dedicated to raising awareness about the impact mental health can have on a person’s overall well-being.

For employers looking to maintain productivity amid stubborn economic headwinds, there is a growing focus on fostering a healthy business culture where work-life balance is prioritized.

Numerous organizations dedicated to mental health awareness and services are encouraging business leaders to reevaluate workplace mental health.

Jenni Crumpton Ross, the President and CEO of Kula for Karma joins Veronica Dudo to discuss.
#IN AMERICA TODAY #featured #mentalhealth #mentalhealthawarenessmonth #worklifebalance #workplacementalhealth #business #leaders