Ford managed to beat Wall Street’s expectations for the fourth quarter of 2024, posting $48.2 billion in revenue, up $2.2 billion year-over-year. Gains from its gas-powered vehicle sales helped offset net losses from an unprofitable EV business.

Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a loss similar to last year and a sign of the severe difficulties in cutting costs on battery-powered models.

Overtime' to report on Ford's earnings report. Former Defense Secretary Mark Esper's security detail revoked 15 Weird Car Features You Didn’t Know You Might Have Scarlett Johansson and Jonathan Bailey flee in Jurassic World Rebirth trailer Colombia's president orders national oil company to cancel US venture over environmental concerns IRS starts new tax rule for digital income Rae the Doe by Olive Brinker How many of the best movie comedies of all time have you seen?

Volkswagen is working on an entry-level electric vehicle that will sell for a base price of €20,000 ($21,000). The company has already given its own employees a look at its initial design during a meeting in Wolfsburg,

Volkswagen has announced that next month, it will show off a new low-cost, entry-level EV that could cost just €20,000 (about $20,800 USD), the price it suggested it would hit back when it announced the ID.

Volkswagen is launching a €20,000 (~A$33,000) electric vehicle in Europe from 2027, aiming to go head-on with affordable Chinese rivals.