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Ford Bronco Factory to Shut for Two Weeks Due to Parts Shortage bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Ford Aims to Build Batteries in U.S. With Koreaâs SK Innovation May 20 2021, 11:53 AM May 20 2021, 3:25 AM May 20 2021, 11:53 AM (Bloomberg) -- Ford Motor Co. and South Koreaâs SK Innovation Co. are poised to announce Thursday theyâve reached an agreement to jointly build electric-vehicle batteries in the U.S. (Bloomberg) -- Ford Motor Co. and South Koreaâs SK Innovation Co. are poised to announce Thursday theyâve reached an agreement to jointly build electric-vehicle batteries in the U.S. The two companies have reached a memorandum of understanding to pursue a joint venture to manufacture the power sources that are critical to becoming competitive in the emerging EV market, according to people familiar with the deal who asked not to be identified. SK already supplies batteries for Fordâs new electric F-150 Lightning pickup, which was driven this week by President Joe Biden after he toured the Michigan factory where itâs made.
Ford Idles Lucrative F-150 Plants on Worsening Chip Shortage bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Ford to Let 30,000 Employees Remain at Home Post-Pandemic yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Ford Sees $4.1 Billion Charge on Three Brazil Plant Closures Bloomberg 1/11/2021 Keith Naughton (Bloomberg) -- Ford Motor Co. is ceasing manufacturing operations in Brazil after more than 100 years of building cars in the country as part of a restructuring that will eliminate 5,000 jobs and result in about a $4.1 billion charge. The automaker said Monday it will close two factories in Brazil immediately and a third by the end of the year, ending sales of three locally made models: the Ecosport, Ka and T4. The job losses are mostly in Brazil but also include workers in Argentina, it said. The cuts are part of an $11 billion global restructuring started under former Chief Executive Officer Jim Hackett and now continued by his successor, Jim Farley. The company will incur about $2.5 billion in pretax charges against earnings for 2020 and another $1.6 billion this year.