Connect with us

Hi, what are you looking for?

AssetsUnderControl.comAssetsUnderControl.com

Tech News

Ford quietly created its own ‘skunkworks’ team to develop low-cost electric vehicles

Illustration by Alex Castro / The Verge

Ford created a “skunkworks” lab two years ago with the mission of developing affordable electric vehicles, the company’s CEO said in an earnings call Tuesday. The team is being led by Alan Clarke, who worked at Tesla for 12 years before joining Ford as executive director of advanced EV development, according to TechCrunch.

Ford, like other global automakers, is scrambling to perfect the formula for profitable electric vehicles. The company’s Model e unit, which oversees EVs and software products, reported a loss of $1.6 billion in the last quarter of 2023. Ford said it would slow the pace of money it was spending on EVs in order to better match customer demand.

But the revelation of a skunkworks lab working on low-cost EVs proves that…

Continue reading…

You May Also Like

Editor's Pick

Scott Lincicome Last Friday’s Department of Energy (DOE) move to temporarily pause pending requests to export liquefied natural gas (LNG) outside the United States...

Editor's Pick

David Kemp and Peter Van Doren One year ago, a freight train derailed in East Palestine, Ohio causing a leak of hazardous chemicals and a large fire....

Editor's Pick

Jeffrey A. Singer Three years after its first‐​in‐​the‐​nation drug decriminalization measure (Measure 110) went into effect, Oregon’s lawmakers are poised to re‐​criminalize possessing and...

Tech News

Image: Will Joel / The Verge From reading in the bath to scribbling notes in the margins, from diving into the Amazon ecosystem to...

Generated by Feedzy