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Ford Aims to Build Batteries in U.S. With Korea's SK Innovation

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 mad ....

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Ford's High-Stakes Electric F-150 Will Start Under $40,000 - Governors' Wind Energy Coalition

Ford's High-Stakes Electric F-150 Will Start Under $40,000 - Governors' Wind Energy Coalition
governorswindenergycoalition.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from governorswindenergycoalition.org Daily Mail and Mail on Sunday newspapers.

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Automotive Chip-Shortage Cost Estimate Surges to $110 Billion

As the semiconductor shortage hobbling the global automotive industry has worsened, its cost as a hit to sales has almost doubled to $110 billion, up from an earlier estimate of $61 billion.
That’s the latest assessment of AlixPartners, a global consulting firm closely monitoring the widening crisis. It also now says the world’s carmakers will lose 3.9 million vehicles of production to the chip shortage this year, more than its prediction four months ago of 2.2 million. That’s about 4.6% of the 84.6 million vehicles that AlixPartners had projected in total production for 2021.
Automakers issued warnings in earnings reports in recent weeks that the chip shortage would get worse before it gets better. Ford Motor Co. and General Motors Co. each predicted the second quarter would be the worst of the calamity, as they are forced to idle factories for lack of the essential components. But the industry isn’t likely to see signs of recovery until the end of the year, accor ....

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Amazon's Alexa gets biggest auto rollout in six-year Ford deal

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Amazon.com is deepening its ties with Ford in a deal that will integrate Alexa into the entertainment system of F-150 trucks and other models.
Amazonâs digital assistant will roll out to about 700,000 Ford vehicles this year, including new and recent models of the pickup, as well as the Bronco and the electric Mustang Mach-E in the U.S. and Canada. New and existing vehicles powered by Fordâs SYNC-4 in-car software will also offer drivers the option of invoking Alexa hands-free.
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Amazonâs Alexa gets biggest auto rollout in six-year Ford deal Back to video ....

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Harley shares rise on strong profit as EU tariff spat looms

Reading Time: 3 mins read
Harley-Davidson Inc. reported better-than-expected first-quarter profit and raised a key sales outlook for the year, offsetting the disclosure that it’s facing a potentially damaging tariff fight with the European Union.
Shares of the Milwaukee-based motorcycle maker soared 11% to $44.88 at 11:06 a.m in New York. Harley generated adjusted earnings of $1.68 a share in the first three months, almost twice as much as analysts had expected, it said Monday in a statement.
Chief Executive Officer Jochen Zeitz, who took the helm of the troubled manufacturer last February, has slashed costs and trimmed the product portfolio, and he’s investing more in Harley’s core heavyweight-bike segment. Those cost cuts, combined with a revival of demand in its core U.S. market, powered earnings in the first quarter, the company said. ....

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