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ford
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 […]
11/27/2023
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By Zoey Sky
Automakers cut programs and reassess future plans for EV production as consumer demand plummets
In recent months, some of the biggest car manufacturers have postponed their plans to produce more electric vehicle (EV) by 2030. Ford Motor Co. (Ford) paused its $3.5 billion electric car plant in Marshall, Michigan. Both General Motors (GM) and Honda have also canceled a program to sell EVs for around $30,000. Ford has also […]
11/09/2023
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By Belle Carter
Automaker bigwigs admit EV sales are in jeopardy
Earlier in October, several car manufacturer executives acknowledged that their ambitious electric vehicle (EV) plans are in jeopardy, at least in the near term, Business Insider reported. Dealers have been warning of slowing EV demand, growing inventory and dropping sales for months. Several of the auto bigwigs at some of the biggest carmakers expressed discomfort […]
11/07/2023
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By Laura Harris
FreedomWorks economist predicts EVs will be the auto industry’s “NEXT BIG FLOP”
Stephen Moore, a senior economist at FreedomWorks and former senior economic adviser to former President Donald Trump, has predicted that America’s electric vehicle (EV) market will be the auto industry’s “next big flop.” In an interview on Fox News’s Varney & Co. program and an op-ed in the Daily Caller, Moore drew a parallel connection between the Ford Edsel, which was […]
10/31/2023
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By Kevin Hughes
United Auto Workers end strike after reaching tentative agreements with Ford, Stellantis, General Motors
The United Auto Workers union has reached tentative deals with the United States’ Big Three automakers Ford, Stellantis and General Motors, securing massive wage increases, better benefits and a right to strike whenever the companies announce future plant closures. Ford was the first of the Big Three dominoes to fall, after it reached a tentative […]
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 […]
09/18/2023
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By Arsenio Toledo
United Auto Workers union goes on strike against Big Three automakers – another sign that Bidenomics is a costly failure
The United Auto Workers (UAW) union has gone on strike following the breakdown in negotiations with America’s Big Three auto companies in Michigan – another sign of the failure of President Joe Biden’s economic program, or “Bidenomics.” For the first time in the history of the UAW, the approximately 146,000 members of the union are […]
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, […]
07/21/2023
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By Kevin Hughes
Ford lowers prices of F-150 Lightning electric trucks by up to $10,000 as EV sales falter
Ford Motor has cut prices of its electric F-150 Lightning pickup trucks by up to 17 percent Monday, July 17. This is another sign that the growing inventories and tight competition are soothing the market for electric vehicles (EVs). The company said the cutbacks, which lowered the Lightning’s starting price by nearly $10,000 to $49,995, were due to lower material […]
07/06/2023
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By Arsenio Toledo
Car companies are expanding into the lithium mining business to secure their supplies for EV manufacturing
Major American car companies are expanding into the lithium mining business to prevent possible lithium supply snags for electric vehicle (EV) manufacturing. Lithium, sometimes referred to as “white gold” for its high value and silvery white color, has fueled a new global mineral rush with the element being critical in the manufacturing of lithium-ion batteries that power […]
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