Ford Scraps Controversial EV Program, Opens Sales to All Dealers
Ford Motor Co. has ended its Model e electric vehicle certification program for dealers less than two years after its launch amid criticism. The program, aimed at boosting EV sales, faced backlash for complexity, high costs, and legal challenges. Ford has reopened EV sales to all dealers, simplifying requirements to encourage broader participation amidst the growing EV market. Critics argue the program hindered sales and burdened dealers unnecessarily, prompting Ford to pivot its strategy to better align with industry demands.
Fleet Drivers Call for Enhanced Safety Training
Nationwide's research reveals that commercial fleet drivers face increased distractions and safety risks due to staffing shortages, longer hours, and reduced focus on safety. Nearly 75% of drivers want more safety training. A third feel distracted by GPS, music, and work texts; over a quarter daydream; and 13% check social media while driving. Staffing shortages lead to longer hours and increased workloads. Drivers also report less stringent hiring criteria, reduced training quality, and diminished safety focus. Despite strong support for dash cams and telematics, only 38% of employers use them. Enhancing training and safety resources can improve safety and reduce costs for businesses.
GM Lowers EV Production Forecast, Commits $850 Million to Cruise
General Motors (GM) has cut its 2024 EV production forecast by up to 50,000 units, now targeting 200,000 to 250,000 vehicles, down from 300,000, due to lower-than-expected market demand. Despite this, GM expects positive variable profit on EVs by Q4 2024 and aims for mid-single-digit EV margins by 2025. GM is launching several new EV models, including the Blazer EV and Silverado EV, but has delayed some investments, such as a second plant for electric pickups, until 2025 to avoid overproduction and excess inventory.