Ford's CEO targets plumbers, electricians with electric vehicle, data offerings
Ford shares have surged over 80% during the past 12 months
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FOX Business’ Grady Trimble and Ford CEO Jim Farley discuss electric vehicle production and the chip shortage impacting the auto industry.
Ford is promising to be more friendly to small businesses, thanks to a charged-up push by CEO Jim Farley.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| F | FORD MOTOR CO. | 11.13 | +0.03 | +0.27% |
"Now we want to move into the services business, and those customers, most of them are small business. They own five or six vehicles or are a plumber, electrician. They are underserved customers with data and telematics," he told FOX Business Network.
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Ford wants to provide the vehicle and telematics, which bundles tech and services.
"They don't have good financing options. They have to pick from all sorts of smaller telematics companies that aren't integrated into the vehicle… And they have no idea how to charge these vehicles" he explained.
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Ford reveals the 2022 E-Transit – an all-electric version of the world’s best-selling cargo van – with a price starting under $45,000.
To help this underserved pocket of the economy, Ford Pro, powered by Salesforce Cloud, will offer one-stop shopping for commercial customers to include everything from physically repairing the vehicle, financing and charging energy and software.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| CRM | SALESFORCE INC. | 330.81 | +0.80 | +0.24% |
Ford shares have surged over 80% during the past 12 months, with Farley moving quickly into the electric vehicle market as competition in that sector intensifies with General Motors and Tesla.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GM | GENERAL MOTORS CO. | 55.04 | -0.55 | -0.99% |
| TSLA | TESLA INC. | 357.09 | +11.93 | +3.46% |
Ford reveals the 2022 E-Transit – an all-electric version of the world’s best-selling cargo van – with a price starting under $45,000.
The E-Transit Van, a more compact electric model, has a starting price just below $45,000.
Ford reveals the 2022 E-Transit – an all-electric version of the world’s best-selling cargo van – with a price starting under $45,000.
As Ford pursues more small business customers, bigger businesses are taking notice.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | WALMART INC. | 92.50 | +0.62 | +0.67% |
Walmart has already ordered 1,100 E-Transit vans.