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Ford selects Spain for EV production but anticipates substantial job cuts

Teslarati

Ford announced on Wednesday that it will begin making electric vehicles based on a next-generation architecture in Spain later this decade. Ford believes the Valencia, Spain plant is the ideal location for making cars with a next-generation EV architecture and plans to produce the vehicles later this decade. Iā€™d love to hear from you!

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Ford CEO: Ford to focus on 5 key areas of innovation: mobility, autonomy, connectivity, customer experience and performance

Green Car Congress

In a pre-Christmas media event, Ford president and CEO Mark Fields said while 2014 was a good year for the company, 2015 has the potential to be a ā€œ breakthrough year ā€. In moving forward on that, Fields said, Ford will focus on five key areas of innovation: mobility, autonomy, connectivity, customer experience and performance.

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UAW strikes: GM shuts down Kansas plant and lays off 2,000 workers

Teslarati

The news comes as the latest amidst strikes from the United Auto Workers (UAW) union targeting Ford, GM and Stellantis. ” Roughly 12,700 workers from GM, Ford and Stellantis walked off the job after previous union contracts expired last Thursday. Ford also laid off around 600 employees at a plant in Wayne, Michigan.

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Protean Electric forms partnerships for global production of in-wheel drive motors

Green Car Congress

In-wheel electric drive startup Protean Electric ( earlier post ) has formed relationships with several leading companies in the global auto industry to accelerate its in-wheel electric drive systems to market in high-volume production. MAHLE Powertrain, an engineering service provider to the global automotive industry.

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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

rapidly weakening worldwide economy causes the global auto market to collapse, much as it. did in 2009, resulting in a significant decline in vehicle production, Fitch could switch the rating to Negative. Fitch estimates that the break-even industry sales level for the Detroit Three and major parts suppliers is now about 10.5

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University of Michigan Report Finds Focus on Fuel Economy Would Be Very Profitable for Detroit 3; Says Rapid, Wide-Reaching Change in Business Models Required for Turnaround

Green Car Congress

According to the study, higher fuel economy standards would benefit the Detroit 3 automakers the most. According to the report, ā€œFixing Detroit: How Far, How Fast, How Fuel Efficient?ā€ mpg) would increase Detroit automakersā€™ gross profits by roughly $3 billion per year and increase sales by the equivalent of two large assembly plans.

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Stellantis stops building of Ontario EV battery module plant over federal budget

Baua Electric

Effective immediately, all construction related to the battery module production on the Windsor site has stopped,ā€ Stellantis mentioned in a commentary Monday. billion from LGES and secret contributions from federal and provincial governments, as the biggest ever within the Canadian auto sector. Thomas, Ont., Thomas, Ontario.