business

9/30/24

Ford takes aim at Tesla, offering free EV chargers and home installation to buyers

In a major move to court car shoppers who are leery of EVs, Ford — the number two EV seller behind Tesla— announced a new program to provide free Level 2 home chargers and installation to new Ford EV car buyers, an incentive worth several thousands of dollars. The program could help Ford eat away at Tesla’s dominant share of the EV market in the US.

“We have learned just how important home charging is to overall electric vehicle adoption in the U.S. Nearly 90% of shoppers say they would be more likely to buy an electric vehicle if they knew they could charge at home,” wrote Ford CEO Jim Farley announcing the new program, which is called the “Ford Power Promise”.

The offer is good for any purchase or lease of a Ford F-150 Lightning, Mustang Mach-E, or E-Transit Cargo Van starting October 1, 2024 and runs through the end of the year.

Ford recently pulled back from its ambitious EV plans, delaying new EV models and ramping up production of more popular hybrid models.

Ford F-150 Lightning, Mustang Mach-E Get Free Home Charger And Installation

Ford F-150 Lightning, Mustang Mach-E Get Free Home Charger And Installation

“We have learned just how important home charging is to overall electric vehicle adoption in the U.S. Nearly 90% of shoppers say they would be more likely to buy an electric vehicle if they knew they could charge at home,” wrote Ford CEO Jim Farley announcing the new program, which is called the “Ford Power Promise”.

The offer is good for any purchase or lease of a Ford F-150 Lightning, Mustang Mach-E, or E-Transit Cargo Van starting October 1, 2024 and runs through the end of the year.

Ford recently pulled back from its ambitious EV plans, delaying new EV models and ramping up production of more popular hybrid models.

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Old Navy store on 34th street in New York City, U.S.

Gap pops as the denim giant takes a big swing into beauty and accessories

The retailer is piloting beauty through shop-in-shops at Old Navy before rolling it out to Gap stores next year.

Nia Warfield14h

business

17h

JetBlue boosts its third-quarter revenue forecast after strong late summer travel demand

Empty August offices gave JetBlue a boost, and the carrier on Thursday announced improved guidance for its current quarter.

The carrier now expects operating revenue per available seat mile to decline between 1.5% and 4% in the third quarter, an improvement from its previous forecast that it would drop between 2% and 6%. JetBlue also lifted the floor on its capacity guidance, from a 1% drop to flat.

“Momentum from earlier in the summer carried forward into August and through the Labor Day holiday, both of which were marked by strength for bookings,” the company said.

JetBlue posted an earnings beat in its second quarter, though it reported its fourth straight quarterly net loss. The carrier has made a profit in just four out of its last 14 quarters.

The company on Thursday also announced a new deal with Amazon to adopt its Project Kuiper satellite broadband network to power in-flight Wi-Fi on some planes beginning in 2027.

business

9/3/25

EVs power Ford to its sixth straight month of sales growth as tax credits wind down

Ford sales grew 3.9% year over year in August, the automaker’s sixth consecutive month of US growth.

Electric vehicles, which saw more than 19% sales growth on the month, led the charge, while hybrid sales climbed by more than 14%. Buyers have rushed to scoop up electric vehicles ahead of the end of the $7,500 EV tax credit, which was scrapped as part of the Trump administration’s One Big Beautiful Bill Act and ends after September 30.

About half of Ford EV owners said they wouldn’t have bought their vehicle without the credit, according to recent survey data. Despite the August boost, Ford EV sales are still down from last year eight months into the year.

Ford’s EV growth comes as the company has shifted its electric production strategy, leaving the single assembly line behind to speed up manufacturing and utilize fewer workers. Last month, the company announced that the first vehicle built through its new system will be an electric truck starting at $30,000.

Fast Food Restaurant McDonald's

McDonald’s is bringing the value back to value meals — but Wall Street is watching

The Big Mac maker is leaning back into value deals as traffic cools and Goldman bets on a rebound.

Nia Warfield9/2/25

9/2/25

Tesla began selling its vehicles in India for the first time in mid-July. So far, it’s received only 600 orders from the highly anticipated new market, Bloomberg reports. Tesla now plans to ship between 350 to 500 cars to India from Shanghai this year — much lower than the 2,500 annual quota it had expected to hit.

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