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   Non-TechFord Motor Company

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From: Savant9/14/2022 12:34:20 PM
1 Recommendation   of 221
Ford F150 E...First drive review, changes in Dealer rules

Ford Gives Dealers Six Weeks To Decide If They Want To Continue Selling EVs (

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From: Savant9/15/2022 1:07:03 PM
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Ford, others locking in Lithium supply

Image courtesy of Liontown Resources


New Australia Lithium Mine For Ford, LG, & Tesla Lithium To Be Powered By Giant Off-Grid Solar, Wind, & Battery Project


Zachary Shahan

Published 18 hours ago


Australia is a top source of lithium for EV batteries. Much of the world’s lithium used for such purposes comes from there. Now we’ve got news of a major lithium mine in Australia using batteries as well as solar and wind energy in order to mine more cleanly and — importantly for the miners — off the grid.

The Kathleen Valley Lithium Project, which will be a source of much spodumene concentrate for the battery industry, is going to be powered mostly by renewable energy and batteries, reportedly by what will be the largest such off-grid power station for a mining operation in Australia. It will have a power capacity of 95 megawatts (MW). That will come from five 6-MW wind turbines (30 MW), 16 MW of solar PV panels, and 17 MW/19 MWh of battery storage. That doesn’t add up to 95 MW, that’s correct — because the off-grid power system also includes some dirty energy sources — 27 MW of fossil gas power capacity and 5 MW of backup diesel capacity.

While there is indeed fossil fuel generation incorporated into the project, the aim is for the power project to run in “engine off” mode much of the time.

Liontown Resources is the mine developer, while Zenith Energy is the company that will build and supply the renewable energy to the project site. Apparently, Liontown Resources granted Zenith Energy the rights for this a whole 15 years ago.

Ford signed an offtake agreement earlier this year for the spodumene concentrate for “up to 150,000 dry metric tonnes per annum for an initial term of 5 years from the commencement of commercial production” — but the spodumene concentrate will also be refined into lithium hydroxide elsewhere before making its way into Ford EV batteries. Ford also provided a $300 million debt facility for financing of the project.

“Ford continues working to source more deeply into the battery supply chain to meet our goals of delivering more than 2 million EVs annually for our customers by 2026,” Ford’s vice president of EV Industrialization, Lisa Drake, stated. “This is one of several agreements we’re working on to help us secure raw materials to support our plan to deliver EVs for customers around the world and meet our environmental, social and governance commitments.”

Tesla and LG Energy Solution (formerly LG Chem) are other customers who have agreed to buy spodumene concentrate from the Kathleen Valley Lithium Project. The total dry metric tonnes (DMT) these three companies agreed to offtake from the lithium mining project annually are as follows:
  • Ford — 150,000 DMT
  • LG — 150,000 DMT
  • Tesla — 100,000 DMT in the first year, growing to 150,000 in subsequent years.
Altogether, these offtake agreements amount to about 90% of the project’s initial spodumene concentrate production capacity ( ~500,000 DMT a year).

The mine is expected to be operational for more than 20 years. Production of the spodumene concentrate is expected to begin in the third quarter of 2024.

Zenith Energy has more than 400 MW of power capacity in place across Australia, indicating that Zenith Energy should be plenty capable of developing such a project but also that this will represent a massive increase in the extent of its projects. “Zenith Energy is proud to continue to play a lead role in the energy transition and to provide our partners with a glide path to net zero,” said Zenith Energy Managing Director, Hamish Moffat. Zenith Energy just purchased Peel Renewable Energy as well, which gave it ownership of the Peel Renewable Microgrid in Western Australia. That microgrid powers Peel Business Park near Perth.

Featured image courtesy of Liontown Resources

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From: Glenn Petersen9/21/2022 6:24:38 AM
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Ford stock suffers worst day since 2011 after cost warning, shedding $7 billion in market value

Published Tue, Sep 20 20222:21 PM EDT
Updated 4 Hours Ago
Michael Wayland @MikeWayland

Key Points
  • Ford Motor's stock suffered its worst day in more than 11 years.
  • Shares of Ford closed Tuesday at $13.09 apiece, down by 12.3%.
  • The losses come after the automaker pre-released part of its third-quarter earnings report and warned investors of $1 billion in unexpected supplier costs.
DETROIT – Ford Motor's stock suffered its worst day in more than 11 years, after the automaker pre-released part of its third-quarter earnings report and warned investors of $1 billion in unexpected supplier costs.

Shares of Ford closed Tuesday at $13.09 apiece, down by 12.3%. The Detroit automaker lost roughly $7 billion off its market value.

It was also the stock's worst day on a percentage basis since Jan. 28, 2011, when the automaker's fourth-quarter earnings disappointed investors and the stock shed 13.4% to close at $16.27 a share, according to data compiled by FactSet.

Ford, after the markets closed Monday, said supply problems have resulted in parts shortages affecting roughly 40,000 to 45,000 vehicles, primarily high-margin trucks and SUVs that haven't been able to reach dealers.

Despite the problems and extra cost, Ford affirmed its guidance for the year but set expectations for third-quarter adjusted earnings before interest and taxes to be in the range of $1.4 billion to $1.7 billion. That would be significantly below the forecasts of some analysts, who were projecting quarterly profit closer to $3 billion.

Ford cited recent negotiations resulting in inflation-related supplier costs that will run about $1 billion higher than originally expected.

While no major Wall Street analysts downgraded the stock in light of the update, several were caught off guard by Ford's announcement. Expectations were that supply chain problems were easing. What's more, Ford had recently been avoiding such problems better than some of its competitors.

Goldman Sachs analyst Mark Delaney said his firm was "surprised by the 3Q pre-announcement given the progress that Ford had previously made on supply chain bottlenecks."

BofA Securities analyst John Murphy echoed those feelings in a note to investors Tuesday: "Ultimately, this news is somewhat surprising as broader macro news suggest supply chains have gotten incrementally better over the last few months."

Several analysts questioned whether this was a Ford-specific problem, or a red flag for additional problems for the automotive industry.

GM CEO Mary Barra on Tuesday told CNBC that the company's supply chain problems have been easing.

"We are seeing an improved situation," Barra said. "We keep working, solving issues, looking for efficiencies as a normal course, and we're going to continue to do that."

Barra said GM is on track to complete about 95,000 vehicles in its inventory by the end of this year that were manufactured without certain components due to supply chain problems. In July, GM warned investors that supply chain issues would materially affect its second-quarter earnings, while similarly maintaining its guidance for 2022.

Ford said its unfinished vehicles are expected to be completed and sent to dealers in the fourth quarter.

In response to the Tuesday decline, Ford spokesman T.R. Reid said the company continues to deliver on its Ford+ restructuring plan.

"Markets are efficient over time," he said. "We've got a great plan at Ford+ to create value for customers, and investors and other stakeholders over time. It's our obligation to execute against it and create that opportunity."

Ford's stock is down more than 36% year to date but still up about 2% in the last 12 months.

— CNBC's Christopher Hayes and Michael Bloom contributed to this report.

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From: Savant10/27/2022 1:38:18 PM
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Ford abandons Argo... absorbs some of the engineers...took a major loss

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From: Savant11/25/2022 11:44:57 AM
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Ford recalls 634,000 vehicles worldwide over fire risks ( ICE vehicles

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From: Glenn Petersen12/2/2022 12:37:25 PM
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Ford claims No. 2 spot in EVs behind Tesla – but gap remains wide

Michael Wayland @MIKEWAYLAND


-- Ford topped South Korean automaker Hyundai to achieve the goal, but it remains a distant second to industry-leader Tesla.

-- Tesla has dominated U.S. EV sales, but its market share is decreasing as new electric vehicles enter the market.

-- Ford reported its EV sales as part of its November results, which were off 7.8% from a year earlier.
DETROIT – Ford Motor said Friday that it has achieved CEO Jim Farley’s goal of becoming the second best-selling automaker of electric vehicles in the U.S.

The Detroit automaker, citing third-party industry data, topped Hyundai/Kia to hit the goal. Tesla remains the industry leader by a wide margin, but has been losing market share as more EVs enter the market.

Ford said its share of the electric vehicle segment was 7.4% through November, up from 5.7% a year earlier.

The company reported sales of 53,752 all-electric vehicles in the U.S. through November. Tesla, which does not break out domestic results, reported global deliveries of more than 908,000 EVs through the third quarter.

Ford topping Hyundai comes after the South Korean automaker lost incentives that gave buyers of its EVs tax credits of up to $7,500 under the Biden administration’s Inflation Reduction Act, which took effect in August. Vehicles such as Ford’s EVs that are produced in North America still qualify for the credit.

Hyundai did not immediately respond for comment. Hyundai Motor Co. CEO Jaehoon “Jay” Chang, in an exclusive interview with CNBC, described the loss of incentives as concerning and a “very challenging issue.”

Tesla has long-dominated U.S. EV sales. But with more EVs becoming available, S&P Global Mobility reported that its market share of new registered electric vehicles in the U.S. stood at 65% through the third quarter, down from 71% last year and 79% in 2020.

Holding onto the No. 2 spot - a goal Farley previously announced Ford would achieve by 2025 - may prove challenging. General Motors CEO Mary Barra has said the company plans to top Tesla in EV sales by mid-decade, as America’s largest automaker plans to significantly step up EV production in the coming years.

GM does not report monthly sales. Through the third quarter this year, it reported sales of less than 23,000 EVs.

Ford reported its EV sales as part of its November results, which overall were down 7.8% from a year earlier. The company reported U.S. vehicle sales last month of 146,364 units – its second-worst overall total since June. Its EV sales were up from a year ago, when sales volume was very limited.

Ford, citing retail orders, said demand for its vehicles remains strong. It did not give a reason for the November sales declines, but the company and other automakers continue to battle through supply chain problems.

Sales of Ford’s profitable F-Series pickups were only 55,169 in November – off 8.7% from a year earlier. They are now off 12.8% for the year following reported parts problems with the vehicles.

Sales of all Ford’s vehicles, including its luxury Lincoln brand, totaled less than 1.7 million units through November, a 2.7% decrease from a year earlier.

Ford claims No. 2 spot in EVs behind Tesla – but gap remains wide (

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To: Glenn Petersen who wrote (177)12/27/2022 10:59:03 PM
From: Iron Mick
1 Recommendation   of 221
I think Ford is positioned to be a big player here long-term. They have the experience, resources, & patience to slowly break into the market.

While Tesla is the first in, their customer service is poor, quality has been hit a few times, and their biggest sell in FSD still is in BETA.

I think if Ford plays their cards right they can take market share in the coming years especially if they the F-150L takes hold.

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From: Savant1/12/2023 10:45:42 AM
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From: Savant1/17/2023 10:28:31 AM
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**Dealers having 'electrical resistance' lol


Over 40% Of Lincoln Dealers Say No To Ford’s EV Plans

More than a full third of Ford’s Lincoln dealers have opted out of the electric future.


Jo Borrás

Published 10 seconds ago


It looks like Ford’s grand plan to electrify its North American franchise dealers by 2030 hit a roadblock, kids — and it’s one that, frankly, Ford should have seen coming. As it turns out, more than 40% of Ford’s Lincoln brand dealers have decided they don’t want to spend nearly a cool million dollars to install EV chargers at their stores.

That million-dollars isn’t a made-up number, either. A number of experts have estimated that about $900,000 will be necessary to install the two Level 3 DC fast chargers and seven Level 2 chargers that Ford is asking for in the brand’s top 130 vehicle markets. Dealers in smaller markets, meanwhile, are still facing down a $500,000 cost to add “just one” DC fast charger and four Level 2s — and the dealers in smaller markets are pushing back at a higher rate than the top 130.

For Ford, it seems like the dream of an all-electric luxury dealer experience to take the fight to a more-affordable Tesla and an ambitious, reborn Cadillac brand might be further off than they thought!

Is Model E Certification a Big Ask?

Lincoln Corsair; courtesy Ford.

It might seem like a big ask for Lincoln dealers — which, despite the brand’s national ad campaigns and high-profile concept cars, don’t actually have any electric vehicles to sell at the moment — to spend hundreds of thousands of dollars to upgrade relatively dealerships that parent company, Ford, already made them spend millions of dollars to upgrade over the course of the last decade. Still, it pays to be prepared.

Chris Poulos, chairman of the Lincoln National Dealer Council, seem to think so, anyway, and says that the timing of Ford’s requirements make sense. “If you start the process too late, and then there’s delays, you’re stuck and in a bad place,” said Poulos, who is also the General Manager of West Point Lincoln in Houston, TX. “I do think there’s some thoughtfulness that’s gone into the timing. It does seem like it’s early, but I also can understand what the pitfalls would be if they (Ford) don’t start early.”

Ford, for its part, is quick to put a positive spin on things. As such, they’ve said that the 59% of Lincoln stores that have enrolled in the program (356 dealerships) represent some 88% of the brand’s US sales volume — which, if I’m reading that correctly, means that 41% of the brand’s stores that said “no” represent just 12% of its sales.

Seems like Ford’s trimming the fat and taking out all the problem dealers in one fell swoop to me. What do you guys think? Scroll on down to the bottom of the page and let us know your take on Ford’s Lincoln requirements, in the comments.

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From: Savant1/25/2023 3:38:40 PM
   of 221
Ford Firing Thousands Of Employees (

Following the news, Germany's IG Metall union vowed to disrupt Ford operations across the continent if the job cuts go ahead. A spokesperson at the automaker’s Michigan headquarters said discussions with the German works councils were ongoing. He told Reuters the company needs to be more competitive as it transitions to electric vehicles.

He did not elaborate on specific job plans. In a statement via Automotive News Europe, IG Metall said if negotiations between the works council and management in the coming weeks do not ensure the future of workers, they will join the process. "We will not hold back from measures that could seriously impact the company not just in Germany but Europe-wide," the union warned.

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