Ford (F) stock was volatile a day after Transportation Secretary Sean Duffy questioned its strategy of using Chinese partners. Ford responded forcefully after the bell, hinting at possible behind-the-scenes drama. In a letter to Ford CEO Jim Farley on Tuesday, Duffy expressed “profound concern” over Ford’s strategic decisions regarding “manufacturing integrity, supply chain exposure, and…
Quick Read Jim Farley warned China holds enough existing factory capacity to serve the entire North American auto market and eliminate Ford. Rockwell Automation (ROK) and NVIDIA (NVDA) are already booking orders as the supply chain feeding America’s dark factory race grows now. No dark factory exists in the US yet, but analysts predict at…
Western automakers, from the Big Three to EV pure plays, are delivering the same stark warning: Chinese automakers pose a threat to their survival if domestic production isn’t protected. “China poses a clear and present threat to the auto industry in the U.S.,” wrote the Alliance for Automotive Innovation (AAI), a trade group that reps…
Ford Motor company CEO Jim Farley recently shared his thoughts on America’s labour future. He revealed that the company is struggling to fill around 5,000 skilled-mechanic roles despite offering salaries around $120,000. Now once again, Farley has said that the realm crises facing America is the shortage of trade workers. In an appearance on the…
At Ford’s Michigan Assembly outside Detroit, more than 4,500 hourly employees turn out about 100,000 Broncos a year – a new one every 60 seconds. For obvious reasons, Ford’s been touting its commitment to American manufacturing. It advertises itself as employing the most hourly workers in the country – and more than 80 percent of…
A Tesla Cybertruck and GMC Sierra Denali EV First Edition next to one another. Michael Wayland / CNBC DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase…
00:09 Josh Consumers rushed to get their hands on electric vehicles before the expiration of the EV tax credit. Automakers Ford and GM getting a boost, seeing records for EV sales in the third quarter. But now, that tax credit is in their rear view mirror and we’re looking at the road ahead for the…