Automakers across the board are working to develop new, more sophisticated technologies to further advance the automotive industry. Ford announced that it will seek to fund its latest batch of technology through a long-term debt plan. The move will mark the first time in four years that Ford has added to its debt—and it couldn’t be for a better reason.
Ford’s new technology will cover a range of areas, including electric vehicles, self-driving cars, and alternative mobility, like ride-sharing services.
“It’s a supportive marketplace for long-term debt given where rates are, and we want to make sure that throughout the cycle of the industry we have the flexibility to do what we need to do and want to do, especially in the emerging part of the business,” said Joe Hinrichs, Ford Americas President.
Ford is targeting the large SUV segment specifically when it comes to new technologies. General Motors has dominated the market past few years, but recent updates to the Ford Explorer have put it back on track as a true competitor.
The Ford Expedition and Lincoln Navigator will undergo their first full redesign in nearly 15 years, effectively giving General Motors a run for the market. Amid extra funding, Ford’s technology will likely come at an accelerated rate as well.
Here at Highway Ford, we’re pumped to see such a dedicated automaker working tirelessly to develop new technologies!
Prospective buyers of the new 2016 Ford Explorer will now be able to select from two interior color themes with the Platinum trim: the regular high-contrast Medium Soft Ceramic and Ebony Black, or the all-new all-Ebony Black. Which option would you choose? With these options, the new 2016 Ford Escape has become more customizable and can be adapted to fit your personality.
When it was launched in September, the 2016 Ford Explorer Platinum was only available with the Medium Soft Ceramic and Ebony Black interior color theme. The seats, door panels, pillars, and headliner are Medium Soft Ceramic while the instrument panel and floor are Ebony Black, creating a high-contrast environment pleasing to the eye. Not to mention making the Ford Escape more stylish then ever!
The new theme is low-contrast and features Ebony Black all throughout. This makes the brushed aluminum and satin chrome trim waterline around the dashboard and door panels truly pop out. Regardless of the color scheme you choose, both come with satin-finished ash wood appliqués.
Both are available for order now and can be experienced in our showroom at Highway Ford! So be sure to stop by and see for yourself the new interior to decide which one is right for you!
Ford truck and SUV sales have always been a major part of Ford’s economy, and the numbers from September 2015 are proof as to why.
Last month, Ford truck and SUV sales hit an 11-year high for the month of September. Truck sales went up by 23.2%, adding to the 11.3% jump from August. Plus, Ford Escape SUV sales also got a 31.1% boost, which is an impressively hefty number to report. Across the board SUV sales have been up, so it’s good to see that Ford is keeping up with the trend.
Not only did Ford sell more units than expected last month, but the models being purchased were the more highly priced items; in September, the average transaction price increased by 0.3%. That might not sound like the biggest leap, but this is a substantial and telling number toward Ford’s upward momentum. This not only shows Ford’s increased sales, but the upward trend of the economy for new vehicle sales.
Trucks account for about 41% of Ford’s total sales; so needless to say, Ford is doing very well for itself with its leading sales coming from its truck sales. And with a truck like the 2015 Ford F-150, it’s no surprise that sales are doing well. We can’t wait to see what the 2016 Ford F-150 will bring here at Highway Ford!
A United States based automaker is moving more production to the homeland. Ford Motor Company has begun production of two Ford Engines at the Cleveland Engine Plant. The move follows Ford’s $200 million investment in 2013 and the addition of 450 new jobs.
The plant will produce 2L and 2.3L EcoBoost Engines. The two engines had previously been built in Valencia, Spain. That plant will continue to produce 2L engines for vehicles built in Europe and machine components for the Cleveland plant.
Of the two new engines, the 2L EcoBoost will be available in the Ford Edge. The 2.3L EcoBoost engine will be available in the Mustang, Explorer, and Lincoln MKC. The Cleveland Engine Plant currently employs 1,300 workers and builds the 3.5L EcoBoost and 3.7L V6 engines.
“With more than 4 million EcoBoost-powered vehicles on the road today, Cleveland Engine has been at the forefront of our plan to provide our customers with fuel-efficient, affordable engines,” said Bruce Hettle, Ford’s vice president of North American manufacturing.
EcoBoost engines increase fuel economy by combining turbocharging, direct injection, and variable valve timing. The American built engines will be distributed regionally. Highway Ford is glad that jobs are being created here on our home soil!