The Ford Motor Company revealed that its electric vehicle (EV) business, the Model e, took a $2.1 billion loss over the course of 2022 and the company predicted that it will lose another $3 billion in 2023 as the company invests further in the project. The loss of about $2.1 billion for Ford EVs in…
Ford–China Battery Plant Agreement Would Have Been a ‘Trojan Horse’: Gov. Youngkin
January 23, 2023
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battery maker CATLBusiness & MarketsChinaeconomyFord motor CompanyGov. Glenn YoungkinRegional & State NewsState NewsUSUS NewsUS-China relationsVirginia
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Virginia Republican Gov. Glenn Youngkin called the recently rejected Ford Motor plant deal a “Trojan horse” because the agreement would have potentially allowed the Chinese Communist Party (CCP) to have full access to the technology via Ford’s Chinese partner, Contemporary Amperex Technology Co., Limited (CATL). Last week, Youngkin blocked the Ford Motor Company’s request to build a…
Ford Shares Drop After Warning Inflation Is a $1 Billion Problem
September 20, 2022
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Business & MarketsCompaniesearnings callFord F-150 LightningFord motor Companyinflationmanufacturing costsUSUS News
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Auto manufacturer Ford saw it stock shares crash after the company announced a cost increase in the current quarter due to inflation. “Based on recent negotiations, inflation-related supplier costs during the third quarter will run about $1.0 billion higher than originally expected,” Ford said in a news release on Sept 19. In addition, the company warned that…
Ford to Halt Production Next Week at Flat Rock Plant on Chips Shortage
Ford Motor Company confirmed late on Thursday it will halt production next week at its Flat Rock plant where it assembles the Mustang because of a shortage of semiconductor chips. The No. 2 U.S. automaker had previously said it had planned to idle the plant for two days this week. Automotive News reported the production…
Ford Launches Electric F-150 Truck, Will Keep Producing Combustion Engine Models Until 2040
Ford Motor Company announced on April 26 the start of full production of the electric version of the classic bestselling F-150 pickup truck in a push to enter the electric vehicle market ahead of its competition. The April 26 ceremony for the F-150 Lightning was broadcast live via webcast to promote Ford Lightning’s new assembly…
US Agency Orders Ford to Recall 3 Million Vehicles Over Air Bags
WASHINGTON—The U.S. auto safety regulator said on Tuesday it would require Ford to recall 3 million vehicles with potentially defective Takata air bags, rejecting a bid by the second-largest U.S. automaker to avoid calling them back. The National Highway Traffic Safety Administration (NHTSA) said it was denying petitions filed by Ford and Mazda in which…
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