A typical new-car loan today runs 60 to 72 months with a 10- to 20% down payment and an interest rate around 6 to 9% (if ...

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.

Ford’s CEO calls its new EV a “Model T moment,” a claim that suggests a revolution in affordability. We analyze if a low-cost, LFP-powered car can truly live up to the legacy of the car that put the ...

Ford announced a new EV manufacturing process and platform aimed at producing more affordable electric vehicles. Ford's new "assembly tree" process is expected to increase efficiency and reduce costs, ...

Ford Motor Co. CEO Jim Farley announces a new electric vehicle platform and assembly system at the Louisville Assembly Plant on August 11. Less than two weeks after announcing its electric vehicle ...

During its second-quarter earnings call, Ford CEO and delivery man Jim Farley announced that the company would reveal its long-awaited cheap EV platform on August 11. And as we predicted when we first ...

With its unique, multi-lever operating system, the Model T was the first car for millions of Americans a century ago. Here's ...

Ford CEO Jim Farley announced a new EV strategy, calling it a "Model-T moment" for the company. Ford will reveal its new EV platform on Aug. 11th in Kentucky. The new strategy focuses on competing ...

The Blue Oval will reveal a new EV and strategy on August 11, which is aimed at competing against China’s best. During Ford’s second-quarter earnings call with investors on the evening of July 30, ...

Ford plans to invest billions in new electric vehicle production, calling it the company’s “next Model T moment.” Ford said Monday it will invest $5 billion into a new assembly line and battery ...

Out with the old, in with the new. That's the gist of Ford's plan to stop building two of its compact SUVs, one of which has been incredibly popular. The blue-oval brand today said that the Ford ...