Tag: Ford

Tesla's Cybertruck lacks variety and falls short in range compared to traditional pickups, limiting its competition with Chevrolet, Ford, and Ram. Find out why it's no threat to the dominance of conventional trucks.

The Tesla Cybertruck enters the competitive pickup market with disappointment over its higher price. Concerns arise as the vehicle feels more like an SUV and falls short on driving range. Early customers, including Reddit co-founder Alexis Ohanian, praise the driving experience but are let down by the starting price of $60,990. Analysts predict customer reservation cancellations and urge Tesla to adjust pricing. Experts question the Cybertruck's mass-market appeal and raise concerns over CEO Elon Musk's recent behavior. Financial projections show limited impact on Tesla's financials, highlighting the need for a brand refresh amidst softening demand.

Ford loses $1.7B in profits as six-week UAW strike impacts sales. Strike resulted in 100,000 lost vehicle sales and $8.8B in additional labor costs. Ford plans to offset expenses through increased productivity and expense reduction. Revised earnings guidance for 2023.

Stellantis, parent company of Jeep, reaches agreement with UAW, ending six-week strike and leaving GM as only automaker without contract.