Michael Martinez

One site will focus on pickup trucks. The other will feature twin battery plants. More than 11,000 jobs are expected to be created under a US$11.4 billion project designed to make Ford an EV leader.

The CEO has reversed the company's stock slide and has Wall Street excited with its focus on profitable vehicles and software services.

Volkswagen wants to overtake Tesla to become the world's largest seller of electric vehicles by 2025 -- and analyst firm LMC Automotive says it's on track to do so.

Automakers won't meet an ambitious new U.S. goal aimed at addressing climate and countering China's rapid rise as a leading EV and battery hub.

Data analytics firm We Predict studied about 19 million vehicles between the 2016 and 2021 model years.

This marks the second-straight year the New York show has been canceled due to the coronavirus. Organizers expect the show to return in April 2022.

Ford said it had expected a net loss for the quarter but performed better because of strong demand, lower incentives and a favorable mix of more profitable vehicles.

Quarterly vehicle deliveries rose 121 percent. Most were Model 3 sedans or Model Y crossovers.

Franck Louis-Victor, 48, will oversee the company's autonomous vehicle and mobility services teams as well as its Ford X incubator.

The automaker also noted it has booked 36,000 reservations for the Maverick compact pickup in the nine days since its reveal.

Suppliers have been told to prepare for annual volumes of 110,000 of the pickup. Production is expected to begin in late July.

Ford aims to boost revenue from subscription services, reduce ownership costs for fleet operators and grow its commanding share of the commercial van and truck market.

New rwd/awd architecture for EVs will enable a "range of emotive vehicles" between now and 2030, Ford's Hau Thai-Tang said

Ford is also doubling-down on its commercial business, expecting to nearly double the $27 billion in revenue earned in 2019.