Ford Motor President and CEO Jim Farley said today that it is continuing to transform its global automotive business, accelerating the development and scaling of electric, connected vehicles, “while leveraging its iconic nameplates to strengthen operating performance and take full advantage of engineering and industrial capabilities.”
Executive summary – here comes a sweeping reorganization needed to survive in the 21st century mobility business. There will be two separate automobile businesses – one is the old blacksmithing business – Ford Blue. The other is the emerging EV business Ford e, where it is spending $5 billion on battery electric vehicles in 2022 with much more needed in the future.
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State of Our Union and the Auto Industry
Fighting against Despots and for Democracy. Life, liberty and the pursuit of happiness…
Only fools deny that interconnected worldwide trade is essential to the United States as well as the global auto industry. Outmoded mercantilism, failed trade wars and bullying talk by our political leaders against our allies can’t be tolerated. We The People have the right to choose and vote-out leaders such as Trump*– no matter how much they lie about election outcomes or violent insurrections that are not legitimate political discourse. Democracy means we are a nation guided by laws and protected by our willingness to uphold our Constitution. It requires leadership that upholds our values whilst looking for ways to make things better. We have voted in such leadership. (AutoInformed: Building Forward Better – President Biden, DOT, DOE Announce $5B National EV Charging Network; Biden Administration Cuts Republican Budget Deficit by 66%; Biden Proposes New Clean Energy Policies and Actions on Offshore Winds, Public Lands, Transmission Lines; Biden’s Build Back Better Act Decreases Budget Deficit!, Biden Bets on Detroit, Union Workers at GM’s EV Factory ZERO)
The auto industry’s economic impact reaches all 50 states, sustaining 10 million American jobs and more than $650 billion in paychecks. The Biden Administration – in the face of Republican opposition and treasonous praise for Putin’s war against Ukraine – has proposed a forward-looking plan that will help the auto industry continue to provide economic growth via a cleaner, safer and smarter automotive future. We need to control our destiny here. This is clear. We need to rid ourselves of alleged leaders who mock our alliances, favor rich despots and are long on talk, but weak on foreign policy and even weaker on our defense. Continue reading →