Elon Musk’s price cuts show challenge for Tesla’s product strategy: Ford CEO Jim Farley

Elon Musk’s price cuts show challenge for Tesla’s product strategy: Ford CEO Jim Farley

Electric car giant Tesla‘s decision to cut prices to drive up sales volume reflects the pressure it faces from competition and an ageing product line-up, Ford Chief Executive Jim Farley said on Thursday. Farley said Tesla’s price cuts underscore intense competition in the two-row crossover or SUV segment of the auto market, where Tesla’s best-selling … Read more

Ford announces Jim Farley as new CEO as it eyes bigger electric push

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NEW YORK: Ford announced Tuesday that Jim Hackett would resign as chief executive and be replaced by longtime auto executive Jim Farley as the car giant pushes further into digital and electric investment. Hackett, 65, will hand over the job to Farley, 58, on October 1, but stay on as a special advisor through March … Read more