Ford Motor Co. halted the production and shipment of its F-150 Lightning electric pickup after it discovered a potential battery failure during pre-delivery check up inspections. The news of the suspension in deliveries of the automaker’s electric vehicle (EV) version of its classic pickup truck was first announced on Feb. 14 by Motor Authority. “We are…
Ford Halts Production and Shipment of Electric F-150 Lightning Pickup Due to Battery Failure
February 14, 2023
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Business & MarketsCompanieseconomyelectric vehicleenergyFord F-150 LightninginflationInvestmentMarketsproduction haltUS
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South Korea Becomes More Reliant on China for Auto Parts, Expert Urges Supply Chain Diversification
June 24, 2022
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Asia & Pacificauto industryautomotiveBusiness & MarketsChinachinese importsdiversificationimports from Chinaproduction haltSouth KoreaureaWorld
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South Korea’s auto industry has become increasingly dependent on China for parts, leading to calls for supply chain diversification. Cho Chul, an analyst with the Korea Institute for Industrial Economics and Trade (KIET), a government-funded think tank, recently highlighted how automobile parts imports from China have increased over the past two decades. “China only accounted…
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