Ford Motor and its battery manufacturing partner will receive a $9.2 billion loan to build three battery factories in Kentucky and Tennessee, the Department of Energy said Thursday. The loan is the single biggest financial commitment the Biden administration has made in its effort to build an electric vehicle manufacturing network in the United States.… Continue reading Ford’s Battery Joint Venture to Get $9.2 Billion Government Loan
Category: US Motoring Press
Ford’s dividend quality, J&J’s split-off, cost basis discipline — what we think about all these
Send your questions directly to Jim Cramer and his team of analysts at investingclubmailbag@cnbc.com . Reminder, we can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. Question 1: What are your thoughts on the stability of FORD’s dividend? Thank you, Denise The quickest… Continue reading Ford’s dividend quality, J&J’s split-off, cost basis discipline — what we think about all these
Lawmakers seek review of Ford partnership with Chinese battery supplier
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano | Getty Images News | Getty Images DETROIT… Continue reading Lawmakers seek review of Ford partnership with Chinese battery supplier
EV battery plants emerge as wild card issue in UAW contract talks
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT – In already-contentious labor talks between the United Auto Workers union and major automakers, there’s a wild-card issue hanging over the discussions. Multibillion-dollar EV… Continue reading EV battery plants emerge as wild card issue in UAW contract talks
How BMW uses A.I. to make vehicle assembly more efficient
Artificial intelligence is making a big effect on the auto industry. Revenue from sales of autonomous vehicles is anticipated to top $70 billion by 2033, according to Future Market Insights. But self-driving cars powered by AI are not the only change — AI technology is already being infused into vehicle production. related investing news As… Continue reading How BMW uses A.I. to make vehicle assembly more efficient
GOP House leaders investigate Ford battery agreement for Marshall plant
This content is only available to subscribers. Get unlimited digital access. $1 for the rest of the year. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics… Continue reading GOP House leaders investigate Ford battery agreement for Marshall plant
Exclusive: Anand Group’s Anevolve-Headspring JV results in commissioning of new tech centre in Gurugram
New Delhi-headquartered Tier-I automotive major Anand Group has commissioned a new technology centre in Gurugram, Haryana. The facility – Anevolve Headspring Engineering Centre (ANHS) – is part of the JV signed between Anand Group’s clean-technology platform Anevolve (majority stakeholder), and Japan’s Headspring, in January this year. Under the partnership, the duo has envisioned to conceptualise,… Continue reading Exclusive: Anand Group’s Anevolve-Headspring JV results in commissioning of new tech centre in Gurugram
With a fund raise on a slow track, Ashok Leyland to fund Switch Mobility’s growth plans
Chennai-based Ashok Leyland, which hasn’t been able to find the right investors for its electric vehicle (EV) arm, Switch Mobility, so far, says that it is looking at all of its options for the same. Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said during a post-result conference call with the media, that the company’s EV business under… Continue reading With a fund raise on a slow track, Ashok Leyland to fund Switch Mobility’s growth plans
ArcelorMittal and Gestamp to produce recycled steel for automakers
ArcelorMittal Europe – Flat Products and Tier 1 automotive supplier Gestamp have signed a ‘circularity agreement’ aimed at strengthening environmental sustainability throughout the industrial supply chain. The agreement involves jointly designing and implementing a circularity scheme that will enhance the recycling of steel between Gestamp and ArcelorMittal and ultimately, offer benefits obtained to their automotive… Continue reading ArcelorMittal and Gestamp to produce recycled steel for automakers
Mahindra Roxor to be back on sale in US
Since its launch in the United States, back in 2018, Mahindra’s Roxor off-roader has been facing multiple lawsuits by Fiat Chrysler Automobiles (FCA) – Stellantis, over its Jeep-like design. In a recent development, Mahindra has said that it has got the clearance to manufacture and sell the Roxor with the design update that debuted post 2020. In… Continue reading Mahindra Roxor to be back on sale in US