marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
EVs
12/08/2023
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By Laura Harris
Ford Motor Company scales down EV investments at Michigan plant due to declining demand and inflation pressures
The Ford Motor Company is scaling back its investment in electric vehicles (EVs) by reducing the production capacity of its battery factory in Marshall, Michigan and cutting 800 jobs. According to Ford spokesperson Mark Truby, the company initially planned to invest $3.5 billion in the factory, known as Blue Oval Battery Park, to produce 35 gigawatt […]
11/30/2023
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By Belle Carter
Ford resumes Michigan EV battery plant but reduces production capacity by 40%, drops about 800 jobs
Due to plummeting sales amid President Joe Biden’s flopping economy and push to green energy, Ford Motor Company announced that it would resume its “Marshall Project” – the planned electric vehicle (EV) battery plant in Michigan. However, the renowned U.S. automaker confirmed that it will drastically scale down the manufacturing scope by more than 40 percent and […]
10/04/2023
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By Kevin Hughes
In appeal to auto workers, Trump warns that Biden’s EV mandates will lead to fewer well-paying jobs
Former President Donald Trump criticized President Joe Biden’s electric vehicle mandate during his speech on Sept. 27 in Michigan to members of the United Auto Workers (UAW), who are currently on strike. “[Biden] wants electric vehicle mandates that will spell the death of the U.S. auto industry,” Trump told a group of UAW workers in Clinton Township, […]
09/27/2023
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By Arsenio Toledo
Ford pauses construction of $3.5 billion EV battery plant in Michigan amid scrutiny over CCP involvement with the project
Automaking giant Ford has halted construction on a $3.5 billion electric vehicle battery manufacturing factory amid an ongoing probe by House Republicans over the company’s ties with China. Ford announced plans to construct the 950-acre BlueOval Battery Park in the small town of Marshall, Michigan, around 90 miles west of Detroit, on Feb. 13 and […]
09/27/2023
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By Laura Harris
Canada and Japan sign electric vehicle battery supply chain agreement to strengthen their position in the EV market
Canada and Japan have inked an electric vehicle battery supply chain agreement to strengthen the former’s position in the EV battery sector while helping the latter secure better access to lucrative American EV subsidies for its automakers. The deal was finalized during a state visit of Japanese Minister of Economy, Trade and Industry Yasutoshi Nishimura, […]
07/31/2023
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By Cassie B.
Ford loses billions on electric vehicles, reduces its EV production target
Ford has announced that it expects to lose $4.5 billion in its electric vehicles division, “Ford Model e,” this year. This marks a significant rise over its previous loss projection of $3 billion. It has lost $1.8 billion on the vehicles so far this year. It’s just the latest bad news for Ford Model e, […]
07/13/2023
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By Belle Carter
SUPPLY CHAIN WARNING: China flexes world domination muscle, restricts mineral exports vital for semiconductors and EV battery production
As if warning the United States not to overpower China economically, the Chinese Communist Party (CCP) suddenly declared new export restrictions on gallium and germanium, two metals crucial for semiconductor manufacture. The announcement came just days before U.S. Treasury Secretary Janet Yellen headed to China to discuss economic and trade relations. According to the Wall […]
07/12/2023
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By Arsenio Toledo
Biden’s EV program is alienating allies in the United Auto Workers, who fear the push will lead to fewer well-paying union jobs
President Joe Biden’s sweeping electric vehicle (EV) program is alienating one of his formerly staunchest union allies: the United Auto Workers (UAW). The UAW, a massive and powerful union representing more than 400,000 workers in the automobile industry, has long been an influential force in progressive politics, aiding pro-labor union Democrats in the Midwest with […]
06/21/2023
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By Laura Harris
Saudi Arabia signs $5.6 billion deal with China to boost the kingdom’s EV industry
Saudi Arabia has announced its intention to further “collaborate” with China by strengthening its economic ties with the communist nation in the form of a new multi-billion dollar deal that will boost the kingdom’s electric vehicle (EV) industry. Saudi Arabia’s Ministry of Investment inked a $5.6 billion deal with Chinese EV manufacturer Human Horizons to collaborate on […]
06/20/2023
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By Laura Harris
New Illinois law mandates electric vehicle charging stations in all new and renovated homes
Illinois is set to become the first state in the nation to mandate the installation of electric vehicle (EV) charging stations in the garages of newly constructed or renovated homes. This is after the passage of Senate Bill 40, known as the “Electric Vehicle Charging Act,” which was introduced by Democratic State Sen. Sara Feigenholtz […]
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