Ford Motor Company had announced its decision in September 2021 to cease local vehicle manufacturing in India. US carmaker Ford has dropped its proposed plan to manufacture electric vehicles in India and make the country a hub for EV exports. In the wake of new development, the company may write to the government communicating that […]
Ford jumps 9% after announcing plans to split electric vehicles and gas-powered cars into separate units – EQ Mag Pro
Ford stock jumped as much as 9% on Wednesday after the company unveiled its “Ford+” plan. The automaker will separate its electric vehicles unit from its gas-powered cars unit to scale EVs. Ford will retain ownership of both units rather than spinning one off into a separate company. Ford stock jumped as much as 9% […]
Ford splits electric vehicle, internal combustion into separate units – EQ Mag Pro
Ford is splitting its electric vehicle and internal combustion divisions into separate businesses. Ford said that it will run its electric vehicle and internal combustion divisions as two separate businesses, attempting to accelerate its adaptation of new technology. The automaker said Wednesday that its plan includes two distinct, but strategically interdependent, auto businesses Ford Blue […]
Ford to make new investment of up to $20 billion in EV push – EQ Mag Pro
Ford Motor Co (F.N) is planning additional investment of up to $20 billion in building its electric vehicles, Bloomberg News reported on Tuesday. The investment of $10 billion to $20 billion will be spread out over the next five to ten years and will include converting its present factories around the world to electric-vehicle production, […]
Ford launches new EV charging project to help commercial customers go electric – EQ Mag Pro
The automaker will help install charging plugs and provide telematics software for fleet operators Ford is launching a new project to help its commercial customers switch to electric vehicles by selling them EV charging installation equipment and software management tools. The automaker says it expects to sell over 300,000 electric vehicles to businesses and government […]
Tatas mull LCV-EV manufacturing at Ford unit in Tamil Nadu
Tata Group’s plans to convert the Ford factory at Maraimalainagar near Chennai into a light commercial vehicles and electric vehicles unit has gained momentum, according to multiple sources Chennai : With the State government leaving no stone unturned to find a prospective buyer for the factory after the automobile giant announced its exit from the […]
Ford announces $11.4 billion investment for electric vehicle production – EQ Mag Pro
This investment supports the company’s longer-term goal to create a sustainable American manufacturing ecosystem, and to accelerate its progress towards achieving carbon neutrality WASHINGTON : US car manufacturer Ford said Monday it plans to invest $11.4 billion in electric vehicle production, building four new plants that will create 11,000 new jobs by 2025. Together with […]
Ford to add 10,800 jobs making electric vehicles, batteries – EQ Mag Pro
GLENDALE, Ky : Ford and a partner company say they plan to build three major electric-vehicle battery factories and an auto assembly plant by 2025 — a dramatic investment in the future of EV technology that will create an estimated 10,800 jobs and shift the automaker’s future manufacturing footprint toward the South. The factories, to […]
Ford invests in electric vehicle battery recycling company – EQ Mag Pro
The Dearborn, Michigan, automaker will invest in Redwood Materials, a Nevada-based company founded by former Tesla executive JB Straubel. DEARBORN, Mich. : Ford Motor Co. is investing $50 million in an upstart electric vehicle battery recycling company as the automaker moves to shore up its U.S. battery supply chain. The Dearborn, Michigan, automaker will invest […]
Ford Acquires Electriphi to Boost Global EV Charging Network
Ford Motor Company has acquired California-based electric vehicle (EV) charging management and fleet monitoring software provider Electriphi. Electriphi’s team and services will be integrated into Ford Pro, the global business arm of the American automaker focused on charging and energy management as well as commercial customer productivity. This acquisition supports Ford Pro’s goal to capture […]