Michael Martinez

The automaker is giving longtime executives John Lawler, Lisa Drake, Jim Baumbick expanded roles as it adds talent with "Silicon Valley credentials."

Ford reaffirmed full-year 2022 guidance of $11.5 billion to $12.5 billion in adjusted EBIT, which would be 15 to 25 percent more than it earned in 2021.

The automaker told dealers it will ask them to invest up to $1.2 million for the right to sell EVs but showed that it's not ready to abandon combustion vehicles yet as it showed off the pony car's seventh generation.

Lincoln President Joy Falotico said she expects the luxury brand will end 2022 with under 600 retailers, down from the 685 it had as of the latest dealer census.

The seventh-generation pony car, available next summer, features a redesigned interior aimed at attracting younger buyers.

Dealers have until Oct. 31 to opt into one of two EV certification tiers that cover varying investment levels in fast chargers and staff training.

Lincoln's popular nameplate is getting the brand's hands-free driver-assist technology, a larger screen and updated grille.

Only about 10 new vehicles are slated to be unveiled, fewer than half the usual number of journalists are registered to attend and many major automakers are skipping it altogether.

Sales rose for the first time in more than a year last month, an indication that market conditions are improving — though not for every brand.

Ford says its retailers have sold more than 1 million factory-backed accessories for the Bronco and Bronco Sport utilities, with customers spending an average of $1,700 to accessorize their Bronco.

Lincoln reached a milestone in 2021: It sold more vehicles in China than in the U.S. behind a larger product lineup that includes the Zephyr sedan. That trend is expected to continue.

The Ford brand's product portfolio over the next five years reflects CEO Jim Farley's goal of becoming an EV leader while continuing to invest in high-margin, gasoline-powered products.

Ford's strategy to electrify its iconic vehicles by modifying their internal-combustion platforms instead of waiting for a dedicated battery-electric architecture seems to have paid off.

The seventh-generation 2024 Ford Mustang will debut within weeks as Ford reinvents itself by slashing jobs and reorganizing its work force to prepare for a battery-powered future.

Ford is increasing prices between roughly $3,000 and $8,000, depending on trim, due to rising material costs, supply chain constraints and "rapidly evolving market conditions."