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25 minutes ago
- Yahoo
'This is a Model T moment for us': Ford teases new family of affordable EVs, here's what to expect
When you buy through links on our articles, Future and its syndication partners may earn a commission. Rumors suggest a small electric pick-up truck is in the making 'Skunkworks' project was set up to bring more affordable EVs to the masses Ford will unveil more on August 11 Ford's CEO, Jim Farley, announced on a recent earnings call that the company was due to unveil plans for a family of affordable EVs, referring to the scheduled event as a "Model T moment for us at Ford". Farley, who has gone on record to explain just how good the competition from China is (he was famously impressed by a Xiaomi SU7), explained that the company needed to double-down on its EV plans if it is to remain competitive in the future. As a result, Farley oversaw the foundation of a 'skunkworks' team last year that was brought in to develop a low-cost electric vehicle platform that could underpin a series of new electrified models at speed and at scale. At the time, Ford was losing as much as $5.5 billion per year on EVs, which includes the Ford F-150 Lightning pick-up, the Mustang Mach-E, the Explorer and the slow-selling Capri and Puma Gen-E in European markets. Alan Clarke, an ex-Tesla employee who was previously in charge of overseeing the development of Model Y, was reportedly part of the 100-strong team that was tasked with introducing lithium iron phosphate battery-powered EVs that could compete on price with rivals coming out of China. Now, Farley has said that the company plans to reveal the culmination of that work at an event in Kentucky on August 11, comparing the moment to Ford's earliest mass-produced motor vehicle that opened up motoring to the general public in the early 1900s. What we can expect from Ford's announcement Industry insiders have been suggesting online that the new platform is likely to underpin a smaller, more compact pick-up truck that would offer a respectable range and impressive hauling abilities, but cost less than today's $54,780 F-150 Lightning. Farley has previously hinted that pricing will be under $30,000 (around £23,000 / AU$46,000) for the cheapest products on the upcoming platform, according to Inside EVs, but didn't go as far to state exactly what those products would be. We can also expect to see an SUV make that list, as Ford doesn't currently sell the Explorer or the Capri outside of Europe, seeing as both of those cars were a platform-sharing exercise with Volkswagen. Dig under the skin, and you'll see that they share most of their parts with the ID.4 with disappointing results, but this all new skunkworks platform would allow the company to have greater control over an SUV that would appeal more to the US market and could rival a slew of excellent models from Kia, Hyundai, Chevrolet and Tesla. Finally, this new all-electric platform could also underpin a second attempt at a full-sized electric pick-up truck that could not only undercut the current F-150 Lightning, but also cost a lot less than a Rivian R1T, Chevy Silverado EV and Tesla's failing Cybertruck. You might also like I've driven the new Ford Capri – and it proves that nailing the retro-inspired EV brief isn't easy "AI will leave a lot of white-collar people behind" - Ford CEO latest to claim AI will wipe out millions of jobs I've driven the new Mercedes-Benz CLA and it convinced me that EV efficiency can actually be exciting


Bloomberg
33 minutes ago
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Cathay Pacific Poised to Make First Boeing Order in 12 Years
Cathay Pacific Airways Ltd. is poised to place an order for new aircraft from Boeing Co. for the first time in 12 years, according to people familiar with the matter. The Hong Kong-based carrier's latest aircraft purchase plan for additional 777X jets could be announced as soon as Wednesday, the people said, asking not to be identified because the discussions are private.


Business Upturn
35 minutes ago
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Crompton Brothers Automotive Expands Repair Services in Burnay with Community Focus
Burnaby, Aug. 05, 2025 (GLOBE NEWSWIRE) — Crompton Brothers Automotive, a family-owned auto repair shop in Burnaby, is expanding its full-service offerings while keeping a strong emphasis on engaging with the community. Having over 50 years of service under their belt, they are focused on providing reliable and high-quality auto repairs. Since starting out in 1971, Crompton Brothers Automotive has been known for being honest, focusing on customer needs, and offering comprehensive vehicle care. This expansion reinforces their core values as they continue to be a trusted partner in automotive maintenance and repair for Burnaby and surrounding areas. A representative from Crompton Brothers Automotive said, 'Continuing to provide exceptional service and being an integral part of the Burnaby community is our priority. We believe that honesty and transparency are key, and that means not only delivering excellent service but also educating our customers about their vehicles.' The shop specializes in an array of services that accommodate various car brands, including European models like BMW, Mercedes, and Volvo. With skilled technicians and advanced diagnostic tools, they tackle everything from engine diagnostics, brake repairs, to auto detailing. This wide range of services ensures that customers can get all their car care needs met under one roof. To explore these services in detail or to schedule an appointment, visit Crompton Brothers Automotive online to discover why they continue to lead in automotive excellence. The business prioritizes professionalism and top-notch customer service, which shines through in customer experiences. One happy customer, TP, shared how Crompton Brothers Automotive efficiently serviced their vehicle just in time for a family road trip, stating, 'The team at Crompton is nothing short of amazing. Our family was planning a road trip and we needed to have our F-150 serviced. I showed up on a Friday afternoon, and the incredibly friendly and accommodating Tammy at the front desk managed to get me in for the following Monday morning. By Monday afternoon, I had a comprehensive detailed report (with pictures) of the inspection they had already completed. Tammy called me and walked me through what they were recommending to get done now and what could wait. She quoted me a price and the work was completed by noon on Tuesday. The owner, Riaz, made a point of coming to meet my wife and I when we dropped the truck off, and when we picked it up. This kind of customer service is a rarity these days. Derek is also a Great guy who is incredibly personable. I cannot say enough about the team at Crompton. It's safe to say we will be lifetime customers. If you're looking for a a great shop with integrity, look no further than Crompton. Highly recommend! 5 stars across the board.' Another customer, TW, admired the team's dedication to clear and thorough communication during repairs. 'I had a great service by the wonderful team at Crompton Brothers Automotive and will be bringing my car for regular servicing going forward. The recent service I received on June 30th was my first time and I wasn't used to the process. They were very patient with my questions and I particularly appreciate the report provided with photos, the phone call they provide to explain the report and the informed pricing provided before approving for repairs. I feel I am very well informed of my car's condition and the rationale for recommended repairs. Highly recommend!' Besides mechanical services, Crompton Brothers is deeply involved in community-oriented projects, supporting eco-friendly practices and proper handling of hazardous materials to lessen their environmental footprint. Their approach not only helps with precise repairs but also aligns with the company's promise to maintain sustainable practices. They also offer a Lifetime BG Protection Plan®, providing extra reassurance by covering critical vehicle systems—a sign of their commitment to safeguarding customer interests and vehicle investments over the long term. Founded in 1971, Crompton Brothers Automotive is a full-service, locally owned auto repair shop in Burnaby, British Columbia. They specialize in diagnostics, maintenance, and repairs for all makes and models—including Volvos—and are known for quality work, honest advice, and a dedication to customer satisfaction. Read Our Reviews to see why they are a trusted choice in the community. Crompton Brothers Automotive is also committed to enhancing their staff's skills through ongoing training. Their technicians regularly update their knowledge to keep up with modern advancements, ensuring the shop can effectively service both traditional and modern vehicles, whether they run on gas, are hybrids, or are fully electric. Investing in staff and technology helps Crompton Brothers Automotive maintain their high standards of service and fulfill their mission of transparency and excellence. 'It's important to keep up with the latest in automotive technology to serve our customers better,' noted their representative. Customers are encouraged to check out Crompton Brothers Automotive's wide range of services on their website and book appointments for any automotive needs. The website provides a user-friendly experience for setting up appointments, reviewing services, and Lean More about the work done at the shop. To connect with Crompton Brothers Automotive and experience their renowned service firsthand, prospective clients can reach out through the online and contact details provided. ### For more information about Crompton Brothers Automotive, contact the company here: Crompton Brothers AutomotiveRiaz Noorani: (604) 540-0304info@cromptonbrothers 7797 Edmonds St, Burnaby, BC V3N 1B8