Ford is increasing its investment in electric and autonomous vehicles to $29 billion, the company’s top executives said in an earnings call Thursday. The automaker had previously committed to spend $11.5 billion on electrifying its vehicle lineup through 2022. Now, Ford says it will spend double that amount, while extending the timeline to 2025. The… Continue reading Ford is more than doubling its investment in electric and autonomous vehicles to $29 billion
Tag: Manufacturing
Ford ends electric vehicle deal with China company ‘on cusp of collapse’
Ford Motor Co. has ended its joint venture electric vehicle plans with China’s Zotye, a company with financial troubles so severe that it’s fighting for survival. The Ford development, first reported late Wednesday by Reuters in Shanghai, does not change the automaker’s commitment to producing vehicles for the largest electric vehicle market in the world, spokesman T.R.… Continue reading Ford ends electric vehicle deal with China company ‘on cusp of collapse’
@Ford: Ford Raises Planned Investment in EV, AV Leadership to $29 Billion; Further Advances Turnaround of Global Automotive Business in Q4
About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford trucks, utility vehicles, and cars – increasingly including electrified versions – and Lincoln luxury vehicles; provides financial services through Ford Motor Credit Company; and is pursuing… Continue reading @Ford: Ford Raises Planned Investment in EV, AV Leadership to $29 Billion; Further Advances Turnaround of Global Automotive Business in Q4
Tesla takes delivery of a big order of robots at Gigafactory Texas
Tesla appears to already be taking delivery of a quite a big order of robots for Model Y production at Gigafactory Texas. Tesla Gigafactory Texas In mid-2020, Tesla announced a deal to build a brand-new factory in Austin, where they bought a 2,000-acre piece of land. At first, Tesla referred to the factory as the Cybertruck… Continue reading Tesla takes delivery of a big order of robots at Gigafactory Texas
@FCA: New 2021 Dodge Durango SRT Hellcat Production Starts
February 4, 2021 , Windsor, Ontario – Today marks the start of production for the new 2021 Dodge Durango SRT Hellcat at the three-million-square-foot Jefferson North Assembly Plant (JNAP) in Detroit. “Like welcoming a new member to the family, today’s launch of the Durango SRT Hellcat celebrates the newest addition to the Brotherhood of Muscle,” said Tim… Continue reading @FCA: New 2021 Dodge Durango SRT Hellcat Production Starts
GM investing $75 million to increase truck transmission production
Detroit — General Motors Co. is investing $75 million at its transmission plant in Toledo, Ohio, to increase production of 10-speed automatic transmissions for profit-rich trucks. The automaker plans to field 30 EVs by 2025 and an emissions-free lineup by 2035. But GM isn’t backing down now on supplying its Chevrolet Silverado and GMC Sierra pickups to… Continue reading GM investing $75 million to increase truck transmission production
Ford boosts investment plan for EVs and self driving vehicles, reports loss
By Reuters Staff 1 Min Read Slideshow ( 2 images ) DETROIT (Reuters) – Ford Motor Co on Thursday boosted the amount of money it plans to invest on electric and autonomous vehicles to $29 billion even as it posted a fourth-quarter net loss of $2.8 billion. The No. 2 U.S. automaker also said the… Continue reading Ford boosts investment plan for EVs and self driving vehicles, reports loss
New car registrations fall -39.5% as showroom closures stifle demand
Just 90,249 new cars registered in January – the worst start to a year since 1970 despite click and collect preventing greater fall New emissions figures show 2020 delivered the cleanest vehicles in history as average CO2 emissions fell by -11.8% on previous year, but more to do to deliver net zero Industry needs showrooms… Continue reading New car registrations fall -39.5% as showroom closures stifle demand
@VW Group: Blume: “The pandemic reveals who’s done their homework“
It has become noticeably quieter than usual in front of the Porsche headquarters in Stuttgart, with strict work from home rules resulting in empty offices and deserted car parks. Despite this, Porsche CEO Oliver Blume is in the office for this interview – in a large meeting room on the first floor of the administrative… Continue reading @VW Group: Blume: “The pandemic reveals who’s done their homework“
@VW Group: Audi site Neckarsulm: next steps to fully connected factory
Making systematic progress toward the fully connected factory: Audi’s Neckarsulm site is the first automotive plant in the Volkswagen Group to use RFID (radio-frequency identification) technology for vehicle identification throughout the entire production process, thereby laying another cornerstone for fully connected production. An enhanced RFID data carrieris being used for the first time in the… Continue reading @VW Group: Audi site Neckarsulm: next steps to fully connected factory