Ferguson plc (FERG) Enters Collaboration with Ford (F) to Explore Alternative Fuel Sources

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President Biden Announces $900M for EV Charging at Detroit Auto Show

September 15, 2022 2:28 PM EDT

U.S. President Joe Biden, at the Detroit Auto Show Wednesday, announced the approval for $900 million in federal funding for a nationwide electrical vehicle charging network. As part of a $1 trillion infrastructure law passed in November, the first $900 million will be used to finance the construction of EV chargers across 53,000 miles of the national highway system in 34... More

Ford (F) Gives Dealerships 2 Months to Decide on Selling Electric Vehicles

September 14, 2022 3:53 PM EDT

Ford (NYSE: F) announced at its annual dealership meetings in Las Vegas this week, that the company is requiring dealerships invest, evolve, improve, and offer new services if they want to be a Model E dealership and sell electric vehicles.

CEO Jim Farley, at the event, talk about rival electric vehicle maker, Tesla (NASDAQ: TSLA), and its roughly $2,000 price advantage the rival has on Ford. He said that Ford and its dealers need to, and have been,... More