Earnings calls are always a careful balance between revealing too much and revealing not enough. As part of that tightrope they walk, company representatives often give out bits of information concerning future product in a move to whet the appetites of investors. This was true of a call by Ford Motor Company today that included CEO Jim Hackett and COO Jim Farley.
Here’s what we learned.
Ford F-150 EV and Transit EV will be available in the next 24 months.
Photo courtesy of Ford Motor Company
With GMC, Tesla, and Rivian hot on their heels, Ford is preparing to launch its long-anticipated electrified F-150. An all-electric version of the pickup truck is slated to rival those of its competition and have the capability to serve as a generator.
The Transit EV has long been promised. Earlier this year, Ford teased the model saying that it’s coming in 2022.
Ford will not sell the Bronco or Bronco Sport in Europe.
No reasons have officially been given yet, but this isn’t new news, per say. It’s a confirmation that nothing has changed since the second quarter of 2019 when the models first officially showed up on the company’s public product plans. The two models are, however, slated to be sold in the Middle East and Asia (but not China).
The partnership between Volkswagen and Ford will include a midsize pickup truck.
Photo courtesy of Ford Motor Company
Though this news was already public, the comment is a confirmation that neither Volkswagen nor Ford is changing course due to the economic impact of COVID-19. A medium sized pickup truck, called the Volkswagen Amarok, will be built-in the Ford Ranger platform from 2022.
VW and Ford’s alliance will produce 8 million vehicles.
This is new news. During the lifecycle of the commercial vehicle products the companies produce, they expect to create a combined 8 million vehicles.
The agreement also includes a collaboration on commercial vehicles.
Photo courtesy of Ford Motor Company
Up first for development is a city van based on the latest Volkswagen Caddy model, created and built by Volkswagen Commercial Vehicles. Then, a one-ton cargo van engineered by Ford will enter the market. Expect to see these vehicles rollout from 2022.
Ford will build a new electric vehicle for Europe only.
The partnership may result in 600,000 new electric vehicle sales.
Photo courtesy of Ford Motor Company
They will take a multi-year approach to the development of future electric vehicles on the MEB platform, which is slated to produce over 600,000 units in a flourishing sales environment.
