A typical new-car loan today runs 60 to 72 months with a 10- to 20% down payment and an interest rate around 6 to 9% (if ...

Louisville, Ky. — A small team of Ford Motor Co. engineers in California launched work three years ago to develop an electric vehicle platform and production system that the Dearborn automaker says ...

When Ford told us its upcoming announcement would mark the automaker's "next Model T moment," we didn't know exactly what to expect, but we did know it would be something electric. Presumably, it ...

During its second-quarter earnings call, Ford CEO and delivery man Jim Farley announced that the company would reveal its long-awaited cheap EV platform on August 11. And as we predicted when we first ...

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.

Tom Yeung here with today’s Smart Money. When cars were first rolled out in the late 1800s, no one really knew what they should look like. After all, no one had ever seen one before. So, people ...

Ford’s CEO calls its new EV a “Model T moment,” a claim that suggests a revolution in affordability. We analyze if a low-cost, LFP-powered car can truly live up to the legacy of the car that put the ...

Ford CEO Jim Farley announced a new EV strategy, calling it a "Model-T moment" for the company. Ford will reveal its new EV platform on Aug. 11 in Kentucky. The new strategy focuses on competing with ...

Ford announced a new EV manufacturing process and platform aimed at producing more affordable electric vehicles. Ford's new "assembly tree" process is expected to increase efficiency and reduce costs, ...

Ford Motor Co. CEO Jim Farley announces a new electric vehicle platform and assembly system at the Louisville Assembly Plant on August 11. Less than two weeks after announcing its electric vehicle ...