Page 41 - Jim Hackett News Today

Print DETROIT—Most of Ford Motor Co.s most profitable assembly lines sit idle. Tens of thousands of partially built F-150s and other vehicles that could easily find buyers languish in parking lots. And the worst, CEO Jim Farley said, is yet to come. Ford told some dealers recently they wont get any meaningful amount of new inventory delivered until at least August. Many expect to be wiped out of what little they have left long before then. One Michigan dealer has created an emergency fund for...

Tuesday, May 4, 2021 This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.  Key Developments U.S. new light-vehicle sales in April predict a  In an earnings call last week,  Ford warned of a potential volume loss approaching  1.1 million vehicles for the full year’s planned production due to the ongoing global semiconductor shortage. Due to the semiconductor shortage,  GM announced additional down...

Chips put brakes on Fords progress Michael Martinez Ford Motor Company Profitable assembly lines sit idle, thousands of partially built F-150s sit in parking lots and the rest of the spring will be dicey for dealers running low on inventory.   Detroit — Most of Ford Motor Co.s most profitable assembly lines sit idle. Tens of thousands of partially built F-150s and other vehicles that could easily find buyers languish in parking lots. And the worst is yet to come, CEO Jim Farley says. Ford la...

"We dont have to scale today to justify our own dedicated battery plant," Hau Thai-Tang, Fords chief product platform and operations officer, said in an interview Monday morning. "But by 2025, as we bring on the F-150, the E-Transit and another battery electric vehicle that weve announced, well have enough volume in North America to justify our own plant." The exact timing of production hinges on the EV market, consumer demand as well as R&D progress, according to Ford spokeswoman Jennifer Flak...

Mary Barra remained the highest-paid CEO of the Detroit 3 in 2020. She earned $23.7 million, a 9.4 percent increase, in her seventh year leading General Motors Co. Barra is the only Detroit 3 CEO who is also chairman. Her compensation, disclosed Friday in GM's annual proxy statement, includes a…

Ford spending $185 million to build EV battery lab Ford spending $185 million to build EV battery lab Michael Martinez Workers test batteries at Fords lab in Allen Park, Mich. DETROIT—Ford Motor Co. said its investing $185 million in a research lab for electric vehicle battery development as it moves closer to manufacturing its own cells. Called Ford Ion Park, the 200,000-sq.-ft. facility in southeast Michigan will have 150 employees and be capable of designing and manufacturing battery elect...

Ford Spending $185 Million on New Battery R&D Center On Tuesday, Ford Motor Co. said it would be putting $185 million toward the construction of a research and development site focused on electric vehicle battery development in southeast Michigan. The facility will be called Ford Ion Park and employ roughly 150 full-time employees that will be focusing on small-scale projects that it hopes might lead to technological breakthroughs offering it a competitive advantage. While the facility was s...

View Comments In his last year leading Fiat Chrysler Automobiles NV, CEO Mike Manley in 2020 received $10.4 million (8.61 million euro) in direct compensation, a 25% decrease from the year prior, before the Italian-American automaker merged in January with French rival Groupe PSA to create Stellantis NV. Manleys total remuneration — which includes retirement benefits and fringe benefits such as use of company cars, insurance and tax preparation — was $14.2 million (11.7 million euros...

Ford spending $185M to build EV battery lab Michael Martinez Workers test batteries at Fords lab in Allen Park, Mich. Detroit — Ford Motor Co. said Tuesday its investing $185 million in a research lab for electric vehicle battery development as it moves closer to manufacturing its own cells. Called Ford Ion Park, the 200,000-square-foot facility in southeast Michigan will have 150 employees and be capable of designing and manufacturing battery electrodes, cells and arrays at the pilot level....

Ford Motor Co. plans to open a new global battery center in southeast Michigan, marking a step forward on its path to one day manufacturing its own battery cells for a coming wave of electrified vehicles. The Dearborn automaker on Tuesday said the creation of "Ford Ion Park," what it describes as a "global battery center of excellence," will be built at a to-be-announced location in southeast Michigan near other facilities where Ford employees develop, design and build products tied to electr...