Ford Motor (F) EV Battery Venture Awarded $9.2B Loan From US Energy Dept - Bloomberg
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Ford (F) cuts contract workers ahead of planned layoffs
June 26, 2023 8:43 AM EDTFord (NYSE: F) notified contract workers employed by outside companies late Friday that their services would no longer be needed, the Michigan automaker confirmed Saturday.
The company alerted some workers who are employed by outside agencies that their contracts were not being renewed. When asked how many people would not be reporting to work Monday, Ford spokesman T.R. Reid said, "Were not providing numbers."
"People in certain agency positions across a few skill teams were notified by their employers that their assignments at Ford have ended," Reid told reporters. "The... More
Ford (F) prepares for new round of layoffs amid cost-cutting measures
June 22, 2023 5:53 PM EDTThe Wall Street Journal reports Thursday, citing people familiar with the situation, that Ford Motor Company (NYSE: F) is preparing to begin another round of layoffs in the coming weeks.
These layoffs, part of a larger effort to streamline operations and cut costs, are the latest of several that Ford has initiated in less than a year and could be... More
Rivian (RIVN) owners poll shows overwhelming support for NACS adoption
June 22, 2023 1:09 PM EDTAmerican electric vehicle maker Rivian (NASDAQ: RIVN) announced earlier this week that the company will be joining fellow automakers Ford (NYSE: F) and General Motors (NYSE: GM) in adopting Teslas (NASDAQ: TSLA) North American Charging Standard (NACS).
A look at the companys owners forum reveals a strong consensus among owners and enthusiasts of the electric vehicle manufacturer's trucks in... More
Ford (F), SK joint venture to receive $9.2B federal loan for EV battery plants
June 22, 2023 9:56 AM EDTThe U.S. department of energy revealed Thursday their intention to loan up to $9.2 billion in federal funds to a joint venture of Ford Motor (F) and SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky.
The government's Advanced Technology Vehicles Manufacturing (ATVM) loan... More
