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2023-09-26 -Signs, Portents, and the Weather-

Ford suddenly pauses massive EV battery project that Republicans are probing over CCP ties

[FOX] U.S. automaker Ford Motor Company announced Monday that it would pause construction of a billion-dollar plant in Michigan involving a Chinese electric vehicle battery company.

Ford said in a statement to FOX Business that work on the factory had been paused and spending would be limited, but declined to pinpoint the exact considerations that factored into the decision. The Detroit-based company also said it hadn't made a final decision about the project despite repeatedly defending it for months.

"We’re pausing work and limiting spending on construction on the Marshall project until we’re confident about our ability to competitively operate the plant," Ford spokesperson T.R. Reid told FOX Business. "We haven’t made any final decision about the planned investment there."

Ford announced in a ceremony earlier this year that it would invest $3.5 billion to build the plant in Marshall, Michigan. As part of the announcement, the U.S. automaker said it had reached an agreement with Contemporary Amperex Technology (CATL), a Ningde, China-based firm, to manufacture battery cells at the plant using services provided by the Chinese company.

Posted by Skidmark 2023-09-26 00:06|| || Front Page|| [21 views ] Top
File under: Commies

#1 Something to do with inventories, sales, profits, etc. Just a guess.

Posted by Besoeker 2023-09-26 00:58|| 2023-09-26 00:58|| Front Page Top

#2 Terrifying moment firefighters rescue a claustrophobic man after he gets TRAPPED inside his electric Corvette when the power doors stop working

Posted by Skidmark 2023-09-26 04:46|| 2023-09-26 04:46|| Front Page Top

#3 ^#2 Reminds me of the joke about the blonde who locked the keys in her car and couldn't get out...

Posted by ed in texas 2023-09-26 08:58|| 2023-09-26 08:58|| Front Page Top

#4 ...FWIW, the Big 3 are suddenly re-examining their headlong rush to electrification - to give an example, Ford is losing 30K per car on their Mach E SUV. Not that they're selling that many in the first place. The F-150E Lightning is a great pick-up truck...for people who don't need a pick-up truck or need one with limited range.

Stellantis (what was once Chrysler, many many years ago) made a big deal of ending ICE production this year, and is now seriously hedging on that.

GM had the good fortune (given some of their other decisions, I can't say 'sense') to have a couple of EVs already in production, and the only new one I know they have coming out is a seriously bespoke Caddy.

Mike

Posted by MikeKozlowski 2023-09-26 09:51|| 2023-09-26 09:51|| Front Page Top

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