Ford To Scale Back China Investments Amid EV Competition From Local Rivals
Ford plans to scale back future investments in China, as the US carmaker’s chief executive warned there was “no guarantee” western carmakers could win against local electric-vehicle rivals. The company will “put less capital at risk” by focusing on…
Ford Moves Forward Plans To Convert German Plant
Ford is apparently planning to accelerate the switch to electric vehicles in Europe. According to reports in German and UK media, production of the internal combustion Fiesta small car in Cologne will end at the end of June 2023, a…
Ford Is Making A MultiBillion-Dollar Investment In Electric Vehicles
Ford Motor Co. announced a historic investment in its future that will pump more than $11 billion into manufacturing a strong, dependable supply of essential parts for electric vehicles, creating nearly 11,000 jobs along the way. This commitment — the…
Ford’s $30B Investment In Electric Revs Up In-House Battery R&D
Ford is increasing its investment in its electric vehicle future to $30 billion by 2025, up from a previous spend of $22 billion by 2023. The company announced the fresh cashflow into its EV and battery development strategy, dubbed Ford+,…
SK Innovation, Ford To Launch Electric Vehicle Battery Joint Venture In US
South Korean battery maker SK Innovation and American automaker Ford Motor are set to announce a battery joint venture in the United States to ensure a stable supply of batteries for electric vehicles, industry sources said on Thursday. The two…
Ford, BMW Lead $130M Investing Round In Solid-State Battery Startup
Ford Motor Co and BMW AG are leading a $130 million funding round in a solid-state battery startup, Solid Power, as carmakers push to lower the cost of electric vehicles by investing in the development of affordable but powerful rechargeable…
Ford To Build New Electric Car On Volkswagen Framework
Ford is vowing to convert its entire passenger vehicle lineup in Europe to electric power by 2030 in just the latest sign of the seismic technological changes sweeping the auto industry. Ford will spend $1 billion to revamp its factory…
Ford Boosts Investment In Electric And Autonomous Vehicles To $29 Billion Through 2025
Ford Motor plans to invest $29 billion in electric and autonomous vehicles through 2025, the company announced when it reported better-than-expected fourth-quarter earnings. Wall Street was waiting to see Ford pour more money into the emerging technologies after General Motors…
China And The United States Are Battling For EV Dominance
Electric vehicles were the story of the year throughout 2020, but a battle in the EV industry could bust the market wide open in 2021. While Tesla was the one grabbing headlines in the United States, with over 700% gains…
Ford, Mahindra Call Off Auto Joint Venture
Ford Motor Co said it was calling off its automotive joint venture with India’s Mahindra and Mahindra Ltd due to the challenges caused by the COVID-19 pandemic. The companies said in separate statements that the decision was driven by changes…
