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-0.000773644016514721 -0.000773644016514585 0.0022979525243008 0.00382226103208701 0.00190730059516961 -0.00268860445343198 -0.00729216934378137 -0.010731438288485
Stock impact report

Ford to reveal more about its new low-cost electric vehicles on August 11 [TechCrunch]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: TechCrunch
And the company is talking a very big game: CEO Jim Farley said Wednesday that the announcement is “a Model T moment” for Ford. Farley made the comments after Ford revealed its electric vehicle division posted a loss of around $1.3 billion in the second quarter of 2025. Sales of the company's top two EVs, the F-150 Lightning and the Mustang Mach-E, are declining, all while things are looking increasingly tough for electric vehicles under the second Trump administration. Farley first revealed that Ford had a skunkworks team developing a low-cost electric vehicle in February 2024. As TechCrunch first reported, the effort is being led by former Tesla executive Alan Clarke , and the team is brimming with talent from companies like Tesla, Rivian, Apple, and Lucid Motors. The company has been deliberately vague about any specifics, but has admitted that the first vehicle to be built on this new low-cost platform will be a mid-size pickup truck set for release in 2027. Ford has said it Show less Read more
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