Ford plans a new $3.5 billion EV battery plant in US: Report
Meanwhile, the US-based automaker has sold a majority of electric vehicle startup Rivian shares.
Meanwhile, the US-based automaker has sold a majority of electric vehicle startup Rivian shares.
Ford and Volkswagen-backed self-driving startup Argo AI, which came into the scene in 2017 with a $1 billion investment, is reportedly shutting down.
Ford Motor’s spokesman informed that the job cuts are effective September 1.
In a statement, top leaders have informed that the company is going to change its way of operation by deploying new technologies.
It also told dealers to temporarily halt selling the popular electric vehicle. this malfunctioning may cause may render the vehicle immobile.
If Ford hits that 600,000 figure, it would double the number it had expected to produce over the next two years, the report said.
We will once again like to reiterate the fact that FADA will continue to stand strong with its dealer members and will do whatever is possible for them, spokesman said.
The former Chief Minister called upon Stalin to directly talk to the company management and the employees and try for continued operation of the plant. He also said that the government should ensure that employees don't lose their jobs.
"Doug Field is one of the world's most respected engineering and product design leaders and has been a driving force behind breakthrough products across auto, tech, and mobility, including at Apple, Tesla, and Segway," Farley said in a statement.
SK Innovation, a refinery-and-battery unit under South Korea's No. 3 conglomerate SK Group.
