Ford's Next-Generation "Breakthrough" Electric Vehicle Set to Launch on August 11: TDS
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I’m now on my second cup of coffee, so let's dive in.
🚘 What I'm driving: Approaching the latter half of the week with the updated 2025.5 Volvo XC90 T8 plug-in hybrid SUV and I've hardly used any gas. Most of my driving has been in all-electric mode, thanks to its 32 miles of electric range.
🔋 Ford CEO Jim Farley announced during the Q2 earnings call that the company will unveil its “breakthrough electric vehicle and platform” in Kentucky on August 11.
💸 In the same call, Farley reported that Ford experienced a Q2 net loss of $36 million, attributing it to rising costs from tariffs and recalls.
🔌 Subaru intends to advance into the future with at least four EVs in its U.S. dealerships despite the loss of federal tax credits.
📈 Hyundai Motor Group, which comprises Hyundai, Kia, and Genesis, hailed the new tariff agreement between the U.S. and South Korea as a “historic achievement,” emphasizing that it will allow the brands to invest in the U.S. “with confidence.”
💶 While Porsche and Aston Martin raise their U.S. prices due to tariffs, BMW stated it will maintain its financial guidance, whereas Ferrari's core profit rose by 6% in Q2.
🏕️ A suitable aftermarket bolt-on winch bumper solution has finally been made available for the Rivian R1T and R1S.
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Ford's Next-Generation "Breakthrough" Electric Vehicle Set to Launch on August 11: TDS
CEO Jim Farley stated, "This is a significant moment for us at Ford, akin to the Model T."