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Ford Motor Co

Ford Motor, SK Innovation announce EV battery joint venture in N. America
Business & Finance

Ford Motor, SK Innovation announce EV battery joint venture in N. America

  • The companies said they have signed a memorandum of understanding for the formation of the venture, called BlueOvalSK. Reuters on Wednesday reported plans for the joint venture.
  • That target would equal two jointly owned plants, the locations for which have not been identified, Ford North American Chief Operating Officer Lisa Drake said on a call with reporters.
Published 20 May, 2021 09:35pm
Ford cuts production at two German plants due to chip shortage
Business & Finance

Ford cuts production at two German plants due to chip shortage

  • "The situation on the global semiconductor market remains tense and, according to all estimates, will continue to be so in the coming months, resulting in supply bottlenecks," a spokeswoman for Ford said in a statement.
  • The carmaker said it planned to make up for lost production "as best we can" and would prioritise vehicles already ordered by customers.
Published 03 May, 2021 07:43pm
Ford, BMW lead $130mn investing round in solid-state battery startup
Business & Finance

Ford, BMW lead $130mn investing round in solid-state battery startup

  • The partnerships and the capital that comes along with it are really going to put us on a good footing to execute on our road map, which simply speaking is qualifying this technology for vehicle use and getting them into vehicles in the not-too-distant future.
  • Carmakers are racing to develop EVs amid tightening CO2 emission standards in Europe and China.
Published 03 May, 2021 06:51pm
Ford to offer hands-free driving in some car, truck models later this year
Business & Finance

Ford to offer hands-free driving in some car, truck models later this year

  • The automaker said its BlueCruise technology will be offered on its 2021 model year F-150 pickup trucks and the Mustang Mach-E electric crossovers equipped with its Co-Pilot360 driver assistance package.
  • Rivals General Motors Co and Tesla Inc also offer similar driving assistance technologies called the 'Super Cruise' and 'Autopilot', respectively.
Published 14 Apr, 2021 05:45pm