Ford

In a newly published YouTube advertisement, Ford Motor Company, an American manufacturer and one of the world's largest carmakers criticized Elon Musk and Tesla. The commercial ran during the Kentucky Derby, an annual horse event in the United States. "They fly away on their own personal spaceships when things get hard," the ad read. A Ford representative said the purpose of the commercial was to celebrate all employees. 

American Multinational Manufacturer Ford Motor Company will soon be shutting down its Indian Manufacturing plants and all operations in India. Reportedly, the announcement comes on September 9 as the company had to bear a heavy loss of almost $2 billion. "We are taking difficult, but necessary actions to deliver a sustainable Profitable Business," said Jim Farley, Ford Motors CEO.

Aiming to increase its share in electric vehicles market, Ford has unveiled its first-ever fully electric model of its best selling F-150 pickup truck. Named F-150 Lightning, the vehicle will come at a decent starting price of Rs 30 lakh to attract customers. Besides, the modified vehicle also promises 563HP, taking it from 0-100kmph in four seconds, along with a fast charging system equipped with better technologies.

Ford Motor Company on October 13 officially confirmed the postponement of the manufacturing of 'plug-in Escape PHEV SUV' to 2021. The Bloomberg News has reported that the automaker's Europe wing has recalled about 20,500 Kuga plug-in hybrid SUVs after seven of them caught fire while charging. Earlier, Ford had planned the Escape PHEV's production for spring but pushed it to the summer due to the COVID-19 pandemic.