SK Innovation Spinoff Gets Approved As Ford EV Production Ramps Up
The new entity is expected to turn a profit as soon as 2022.
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The new entity is expected to turn a profit as soon as 2022.
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The move will make it easier to raise funds for future expansion.
Read More »Ford's joint-venture partner wants to take advantage of growing EV sales.
Read More »Exceeding Ford's goal of 90 percent set back in 2018.
Read More »EcoSport and Ka models that didn't finish assembly must be destroyed.
Read More »Engineers will develop performance products for both FCA and PSA moving forward.
Read More »Essentially China, India and North America.
Read More »Daimler is betting that passenger vehicle and commercial vehicle technology will diverge in the future.
Read More »But Ford still seems committed to continuing its Indian operations.
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The cuts are not related to the COVID-19 pandemic.
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Ford could theoretically retool Oakville to produce EVs, but no movement has taken place on the matter.
Read More »Ford says that it will defend its headcount reductions vigorously in court.
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The taskforce aims to match workers with other positions in Wales.
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It seems Ford hasn't made its final decision on closing Bridgend.
Read More »Ford says that about 12,000 jobs will be lost by the end of 2020 in Europe.
Read More »The British government says that Ford is committed to other UK locations.
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Automotive suppliers are also facing pressures.
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Scania is investing over $344 million in its factory.
Read More »Ford plans to shed up to 7,000 workers in the coming weeks.
Read More »A Ford spokesman declined to confirm the number of workers to be let go.
Read More »Ford is currently offering 12 months of pay as severance.
Read More »Job losses in the region will be "significant" with no hard numbers.
Read More »Ford will shed an unspecified number of UK employees as well.
Read More »Ford says it will give no numbers until the process is complete in Q2 2019.
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