Ford CEO Jim Farley Says Rare Earth Shortage Has Shut Down Factories
China has been restricting export approval of rare earth magnets.
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China has been restricting export approval of rare earth magnets.
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Temporary license, that is.
Read More »Since Ford is using licensed tech from a Chinese company.
Read More »Though the company stopped short of saying so.
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Automakers wants deals with Canada and Mexico first.
Read More »Due to the inclusion of EVs in its calculations.
Read More »Enabling them to ship vehicles from Mexico to Canada tariff-free.
Read More »Many components are difficult or impossible to source domestically.
Read More »A feature that has its fair share of critics.
Read More »The exec is a believer in boosting American manufacturing.
Read More »Its per-unit cost impact is lower than almost all of its rivals.
Read More »The exec also sees them as a potential advantage.
Read More »Automakers would still qualify for non-China related production credits, however.
Read More »Those countries represent a bigger piece of the pie.
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It's unclear how the decision will impact automotive imports and exports.
Read More »Many lawmakers support keeping at least portions of it, however.
Read More »It expects a negative EBIT impact of around $1.5 billion.
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Those folks are well versed in supply chains.
Read More »The exec support the president's desire to boost American manufacturing.
Read More »Giving it some relief in that regard.
Read More »Something The Blue Oval has been lobbying for.
Read More »It and 11 other states are aiming to phase out ICE vehicle sales by 2035.
Read More »Automakers have been pretty vocal about the idea.
Read More »Ford CEO Jim Farley says tariffs are causing chaos.
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