The Latest Breaking News from Jim Farley

The Dearborn, Mich., auto veteran is ramping up initiatives in the race to play a leading role in electric vehicles.

DETROIT — Roughly two-thirds of Ford Motor Co.'s dealer network in the U.S. has opted to participate in a new — and, to some, controversial — certification program governing how dealers handle electric vehicle sales.

Ford Motor Co.’s top quality executive, Stuart Rowley, is retiring as the company continues to struggle with high warranty claims and reliability issues.

The Inflation Reduction Act adds a tax credit of up to $7,500 for light commercial EVs from 2023, with no restrictions on battery sourcing or manufacturing.

Imagine this morning commute: You're in the car, sipping coffee with one hand and browsing the morning news with the other. In fact, you’re in the driver’s seat but you're not steering. The streets are safe and accident-free; traffic flows smoothly. You’re so glad someone invented autonomous cars.

The automaker has just given a death kiss to a technology that was hyped by the auto sector until recently.

Ford Motor Co. posted an $827 million loss in the third quarter, dragged down by costs associated with the shutdown of a self-driving vehicle technology company the Blue Oval backed as a major investor.

“Winning for customers is driving a re-founding of the company through Ford+, with high ambitions for quality, innovation, profitability and growth," said CEO Jim Farley.

CEO Jim Farley announced this on Twitter and said the electric F-150 is "lightning fast;" the automaker had initially targeted a 0-60 time of 4.5 seconds.