Ford Mustang Gen-VII confirmed for unveiling this fall

  • CEO Jim Farley (pictured above at 2019 NAIAS for the unveiling of the Shelby GT500) also outlined a future for the Blue Oval that will shift to electric vehicles without devising a single battery platform cost management strategy.
  • Ford is also planning a major overhaul of its retail philosophy without upsetting its traditional dealership relationships.
  • While GM plans to sell 1 million electric vehicles globally by 2025, Ford says the Model E plans to sell 2 million by 2026.

    Ford has confirmed that it will unveil an all-new seventh-generation gasoline-powered Mustang at the North American International Auto Show in September in Detroit.

    “It’s beautiful, and I’m thrilled to share it,” CEO Jim Farley said in Ford Motor Company’s second-quarter earnings report Wednesday night. Farley didn’t share any other details about the Mustang, including whether there will be a battery-electric version to compete with Chevrolet’s announced Corvette e-Ray. But he said a new F-Series Super Duty pickup will also debut at the downtown Detroit show, which begins with a media day Sept. 14. The public days will take place from September 17 to 25.

    Like its legacy competitors, Ford is on its way to an electric vehicle future, and without naming names, Farley outlined a future for the Blue Oval that will manage the transition to electric vehicles without designing a one-battery platform for all. the costs. – management strategy. Future electric vehicles will answer the question, he said, of “who is and will be best placed to design truly distinct products” that people love.

    Conversely, “the days are a little over where you have to build a new upper body,” Farley said. You can use the same body engineering and update products for customers not with redesigned fenders or taillights, but with constant software updates, new digital display technology or assistive technology to drive and more powerful engines, he said.

    Farley appears to embrace the design philosophy of Tesla, which modeled the 3, X and Y after the Model S, which hasn’t changed its look since its debut in 2013. His comments also represent a counterpoint to the EV strategy from General Motors, which is built around a unique, flexible and modular Ultium battery platform that underpins all of the automaker’s upcoming electric vehicles, from midsize crossovers and luxury cars to full-size pickup trucks and even the GMC. Hummer off-road beast.

    Ford is also planning a major overhaul of its retail philosophy without upsetting its traditional dealership relationships. For the consumer, this means a much larger share of pre-ordered cars and trucks rather than buying existing inventory. The big question is whether consumers will adapt to this new European-style model, which responds to vehicle production hampered for two years by a global pandemic and shortages of components, including computer chips.

    Charging the 2022 Ford e-Transit EV.

    Ford

    Farley and Chief Financial Officer John Lawler also shed light on Ford’s reorganized automotive “divisions,” which will begin reporting financials separately, rather than as a single unit, from 2023. The three are…

    Ford Blue: “Iconic” internal combustion cars and trucks. Bloomberg reported that Ford intended to cut 8,000 salaried jobs from that division.

    Ford Model E: Electric vehicles, led by Mustang Mach-E and F-150 Lightning. Ford plans to sell 14,000 EVs (worldwide) this month, on its way to 600,000 a year by the end of 2023. While GM plans to sell 1 million EVs globally by 2025, Ford says the Model E plans to sell 2 million by 2026.

    Ford Pro: commercial trucks and vans, including electric vehicles. Traditionally, this is perhaps Ford’s greatest strength. Ford sold or leased more than 3,000 all-electric e-Transits in the first half of the year, commanding 95% of the electric van market, Farley said.

    While Ford continued to suffer from supply issues and production constraints, like everyone else at the company, it reported adjusted profit before income taxes of $3.7 billion, down from $40.2 billion. billion in gross revenue, up $2.7 billion and $13.4 billion, respectively, in the first half of 2021.

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