Ford to lose $3 billion this year making electric cars
Losses are mounting in the automaker's electric vehicle business, but it says profits are on the horizon.
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Losses are mounting in the automaker's electric vehicle business, but it says profits are on the horizon.
Sales of electric vehicles doubled in 2022, and a host of new models are hitting the showroom floor.
Automaker says the Challenger SRT Demon 170 will pack over 1,000 horsepower and outpace electric supercars.
Some of these models will qualify for federal tax credits that now require American assembly and parts sourcing.
The move is part of the agency's goal to have a fleet of 66,000 electric vehicles deployed by 2028.
Tesla's Model 3 is $43,000 while new cars sold for an average $49,388 in January, according to Kelley Blue Book.
The outlet recommends Ford's Maverick Hybrid for anyone with an active lifestyle and Kia's Telluride for infotainment lovers.
The Michigan automaker began selling the much-anticipated EV last year and has sold 15,617 of them as of December.
The Biden administration announced rules for EV chargers and new commitments from Tesla, GM and others.
Some electric car owners around the U.S. have experienced sticker shock charging their vehicles. Here's why.
"The EU's self-sufficiency and independence from Russia and China will begin in the mine," said Sweden's energy and business minister.
"There is no excuse for the internal combustion engines' unnecessary pollution when the climate crisis is so urgent," says the head of the country's EV association.
Electric vehicles' share of the market has doubled since 2021; experts estimate there will soon be 159 different EV models. But while Tesla makes up 65% of the U.S. EV market, their share has dropped steadily, with Ford and General Motors forecast to pass Tesla in market share by 2025. Correspondent Kris Van Cleave talks with auto industry expert Tim Stevens about the future of EVs.
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
"Toyota, Volkswagen and other leading automakers are on a collision course with the climate," Greenpeace says.
"Where is the scientific data that says this is safe?" said Melanie Benjamin, who leads the executive branch of an American Indian tribe in Minnesota.
Rivian Automotive said it is recalling almost all the vehicles it has delivered to customers in order to tighten a loose fastener that could affect drivers' ability to steer.
Ford president and CEO Jim Farley joins CBS News to discuss the future of electric vehicles and the importance of his company investing in them. He also speaks about how the tentative agreement with railway workers should prevent a costly strike that would have impacted the nation's supply chain.
President Biden announced plans to build electric vehicle chargers along 53,000 miles of national highways amid a push to get more drivers to make the move to electric. But some drivers have concerns. Carter Evans reports.
The president showcased his administration's efforts to promote electric vehicles during a visit to the Detroit auto show.
President Biden has promised to make recharging more reliable, beginning with the construction of chargers along 53,000 miles of national highways.
Cameras are rarely allowed inside the design center.
Mary Barra, the CEO and chair of General Motors, joins "CBS Mornings" to discuss the company's new electric Equinox, the future of the auto industry and how General Motors is handling inflation.
By 2040, General Motors plans on going completely carbon neutral.
As the nation pushes for more electric vehicles, the nation's power grid must continue its move to clean energy, experts say.
President Trump and Israeli Prime Minister Benjamin Netanyahu are meeting to discuss the Gaza peace plan.
President Trump said the U.S. hit a "big facility" last week linked to alleged drug boat operations, as tensions ratchet up with Venezuela.
A powerful winter storm system could become a "bomb cyclone" over the Great Lakes and Northeast regions this week.
Ukrainian President Volodymyr Zelenskyy lauded "strong security guarantees" from the U.S. after Sunday's meeting with President Trump in Florida.
Homeland Security agents are in Minneapolis on Monday "conducting a massive investigation on childcare and other rampant fraud," Secretary Kristi Noem said.
Brian Cole told investigators he believed that the 2020 election had been tampered with and he felt "someone needs to speak up," the DOJ alleges in court documents.
Actor Mario Rodriguez alleged in the lawsuit filed last week in California that Tyler Perry sexually assaulted him during encounters between 2014 and 2019.
Hours after Trump declares Russia and Ukraine "closer than ever" to peace, Moscow claims a failed drone strike will alter its negotiating position.
A second helicopter pilot critically injured in a midair collision in Hammonton, New Jersey has died from his injuries, police said Monday.
Homeland Security agents are in Minneapolis on Monday "conducting a massive investigation on childcare and other rampant fraud," Secretary Kristi Noem said.
The company's investment in safety prevention comes amid growing concerns over the potential harm of artificial intelligence.
Actor Mario Rodriguez alleged in the lawsuit filed last week in California that Tyler Perry sexually assaulted him during encounters between 2014 and 2019.
A powerful winter storm system could become a "bomb cyclone" over the Great Lakes and Northeast regions this week.
On this "Face the Nation with Margaret Brennan" broadcast, CBS News correspondents Major Garrett, Robert Costa, Jan Crawford, Jennifer Jacobs and Scott MacFarlane join Margaret Brennan.
The company's investment in safety prevention comes amid growing concerns over the potential harm of artificial intelligence.
Bank of America Chairman and CEO Brian Moynihan stated last week that, as President Trump seeks a new chair of the Federal Reserve, maintaining the banking system's independence is paramount.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
President Trump said the U.S. hit a "big facility" last week linked to alleged drug boat operations, as tensions ratchet up with Venezuela.
Hours after Trump declares Russia and Ukraine "closer than ever" to peace, Moscow claims a failed drone strike will alter its negotiating position.
President Trump and Israeli Prime Minister Benjamin Netanyahu are meeting to discuss the Gaza peace plan.
Brian Cole told investigators he believed that the 2020 election had been tampered with and he felt "someone needs to speak up," the DOJ alleges in court documents.
French politicians were divided on Monday over how to pay tribute to the late Brigitte Bardot who, despite her screen legend, courted controversy in later life with her far-right views.
The number of Americans with Alzheimer's disease is expected to double from 7 million in 2020 to 14 million by 2060, according to the CDC. However, advances in treatment options are giving more people hope in slowing the decline. Dr. Jon LaPook breaks it down.
Nearly five million flu cases have been reported nationwide, the CDC estimates, and at least 1,900 people have died from the virus. "CBS Saturday Morning" has more on why this year's strain is breaking records.
Suze Lopez, a 41-year-old nurse who lives in Bakersfield, California, didn't know she was pregnant with her second child until days before giving birth.
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
A federal judge has approved a preliminary agreement for a class action lawsuit requiring Aetna to cover fertility treatments for same-sex couples as they do with heterosexual couples.
President Trump said the U.S. hit a "big facility" last week linked to alleged drug boat operations, as tensions ratchet up with Venezuela.
Hours after Trump declares Russia and Ukraine "closer than ever" to peace, Moscow claims a failed drone strike will alter its negotiating position.
President Trump and Israeli Prime Minister Benjamin Netanyahu are meeting to discuss the Gaza peace plan.
British heavyweight boxing champion Anthony Joshua was injured in a highway crash in Nigeria that reportedly killed two other people.
Bondi Beach hero Ahmed al Ahmed tells CBS News in an exclusive interview why he sprang into action, risking his own life to save people he'd never met.
Actor Mario Rodriguez alleged in the lawsuit filed last week in California that Tyler Perry sexually assaulted him during encounters between 2014 and 2019.
French politicians were divided on Monday over how to pay tribute to the late Brigitte Bardot who, despite her screen legend, courted controversy in later life with her far-right views.
Actress Brigitte Bardot has died at the age of 91. Elizabeth Palmer looks back on her life.
On December 31, New York City will officially retire the transit system's MetroCard, that ubiquitous piece of plastic used to gain entrance onto subways and buses. But there is beauty in using MetroCards as the raw materials for art, as Thomas McKean has found in his collages and miniature sculptures depicting portraits of city life. Serena Altschul reports.
"Sunday Morning" checks out the bestselling fiction and non-fiction of the past year.
The company's investment in safety prevention comes amid growing concerns over the potential harm of artificial intelligence.
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Homeland Security agents are in Minneapolis on Monday "conducting a massive investigation on childcare and other rampant fraud," Secretary Kristi Noem said.
Ahmed al Ahmed, the man who tackled a gunman on Australia's Bondi Beach during a violent ambush targeting a Jewish community gathering on the first day of Hanukkah, is speaking out as he heals from his injuries. CBS News' Anna Coren reports.
The Department of Justice says Brian Cole, who was arrested in Virginia and charged with transplanting and planting two IEDs at the DNC and RNC in Washington, D.C., on the eve of the U.S. Capitol riots, walked agents through his alleged plot. CBS News' Scott MacFarlane reports.
Brian Cole told investigators he believed that the 2020 election had been tampered with and he felt "someone needs to speak up," the DOJ alleges in court documents.
The attack took place in Richelieu in the Commewijne district about 25 kilometers (15 miles) east of Paramaribo.
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Texas officials believe 19-year-old Camila Mendoza Olmos, who was last seen leaving her home on Christmas Eve, is in imminent danger. CBS News reporter Karen Hua has more.
Both pilots have died after two helicopters crashed into each other in midair Sunday in southern New Jersey. CBS News Philadelphia's Ray Strickland reports.
The White House said Monday that President Trump had another call with Russia's Vladimir Putin following his Sunday meeting with Ukrainian President Volodymyr Zelenskyy. CBS News national security contributor Samantha Vinograd has more.
President Trump on Monday called for the disarmament of Hamas ahead of a meeting with Israeli Prime Minister Benjamin Netanyahu. CBS News White House reporter Aaron Navarro has more.
President Trump and Israeli Prime Minister Benjamin Netanyahu are meeting Monday about the future of Gaza. Osamah Khalil, chair of the international relations undergraduate program at Syracuse University, joins CBS News to discuss.