Ford CEO: Fine With Being Only One on The Planet Making a V8 Affordable Sports Car

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In a recent statement, Ford CEO Jim Farley expressed his unwavering commitment to producing V8 engines, emphasizing Ford’s determination to be the sole manufacturer on the planet crafting affordable sports cars with this iconic engine. Farley made these remarks during the launch of the company’s 2024 racing season in Charlotte, North Carolina, where he celebrated the forthcoming 60th anniversary of the Mustang.

While acknowledging the evolving landscape of the automotive industry, with electric crossovers like the Mustang Mach-E joining the lineup, Farley defended the traditional V8, stating that it plays a pivotal role in sustaining Ford’s legacy. He conveyed a sense of pride in the Mustang’s enduring presence over six decades as Motor1 cited, contrasting it with competitors who have come and gone. Farley declared, “If we’re the only one on the planet making a V8 affordable sports car for everyone in the world, so be it.”

Farley’s sentiments reflect a balance between embracing electrification, as seen in the Mustang Mach-E, and ensuring the continuation of the beloved V8. He argued that the Mach-E’s introduction into the market allows Ford to continue selling internal combustion engine (ICE) vehicles for an extended period. This perspective, he suggested, positions the electric crossover not as an abomination but as a necessary step to sustain the V8 legacy.

The CEO further extolled the V8 engine’s prowess by highlighting Ford’s plans for Mustangs to participate in races across six continents in 2024. The global racing presence, spanning events like IMSA, NASCAR, Australian Supercars, and the World Endurance Championship, is attributed to the V8 engine’s performance capabilities.

Despite the increasing trend toward electrification in the automotive industry, Ford seems committed to maintaining a foothold in the realm of high-performance cars that, at least partially, rely on traditional fuel. While there is no definitive timeline for when Ford might cease production of internal combustion engines, the company’s dedication to hybrid V8s suggests an exciting future for the Mustang, leaving enthusiasts eagerly anticipating the next chapter in this iconic vehicle’s evolution.


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