EVWorldNews

Category: Ford

  • Ford To Change Plans for Electric Car, New UAW Agreement Says

    Ford Motors sees 65% dealers agreeing to sell its electric vehicles.

    Ford might be in plans to change its electric car strategy. The tentative agreement of Ford with the UAW shows that the plan of bringing the EVs production to the Flat Rock factory manufacturing Lincoln Continental and Ford Mustang is changed. As per the Ford electric vehicle plan made in March, the factory is to start building EVs in 2023 at the facility.

    Ford electric vehicle plan and UAW agreement
    Ford-UAW agreement (Image Credit: REUTERS)

    The UAW released the terms of this new agreement which state that the factory will receive an investment of $250 million in order to continue the production of Mustang along with the new version and derivatives coming soon (date unspecified). Also, the plant will produce the present-generation Continental. As per the document, at Flat Rock, Ford will continue to scout out all the future opportunities throughout this agreement.

    The head of electric vehicles at Ford, Ted Cannis, was not willing to offer any details regarding the Ford electric vehicle plan at Flat Rock. However, the agreement specifies that new product will surely be further added to the Ohio Assembly Plant of Ford in 2023, which is also a part of the investment of $900 million.

    Ford Transit PHEV
    Ford Transit PHEV

    Ford was also in news with its all new plug-in hybrid electric car. According to Ford, Transit PHEV is a greener way to get the goods delivered. This new hybrid electric van comes with a 1L turbocharged 3-cylinder engine along with its motor powered by a huge 13.6 kW-h battery which can last for 31 miles. However, in October, Ford stated that Transit’s plug-in hybrid version will not be made available to the U.S.

  • Ford Motors dealers have come to an agreement for selling electric vehicles.

    Close to 65% of the dealers of Ford Motors have come to an agreement about selling electric vehicles as the company is going to expand production and its sales of the battery-powered trucks and cars as per the CEO of the company Jim Farley.

    Close to 1920 of the near 3000 dealers of Ford in the United States have made an agreement to sell the electric vehicles. He also said that close to 80% of the dealers have opted for the higher level of investment for the electric vehicles.

    Ford has offered its dealers the option of being EV  certified under one of the two programs where the expected investment is going to be $500,000. The dealers in the high tier which carries the upfront cost of close to $900,000 will be getting the elite certification and be allocated even more electric vehicles.

    Ford unlike their rivals General Motors is going to allow the dealers to opt out of selling the electric vehicles and continue selling the cars of the company. General Motors has been offering the buyouts to Cadillac and Buick dealers who don’t want to invest in selling electric vehicles.

    Dealers who haven’t decided to not invest in the electric vehicles might do so when Ford is going to reopen the certification process in the year 2027.

    Ford has plans of selling electric vehicles and that point has been a point of contention since the company had spit off the all-electric business earlier in the year into a separate division which is known as the Model e. Farley has also said that the automaker and its dealers also needed to lower the costs, increase the profits and also deliver better and more consistent sales experiences for the customers. This will be essential for the consumers in the coming years.

  • Ford Electric Vehicle doubles down on its UK operation

    Ford electric vehicles has now doubled on the commitment it had to the United Kingdom as the hub of its Electric vehicle Europe operation for the electric vehicle powertrain production thanks to the backing of £600 million from the UK Export Finance which supports the high-skill jobs of manufacturing.

    This investment is a part of the plans of the government for putting the United Kingdom at the forefront of the development of electric car in Europe as the country is going to transition into a net zero.

    Ford has also received a support from the UKEF through the EDG scheme which is going to turbo charge the transition of Ford towards the electrification and expand the manufacturing capacity and the export capacity towards a continuous support in terms of investment in the United Kingdom.

    Also Read : https://twitter.com/evworldnews/status/1598565601043169281

    The sole coordinator on the loan was Citibank Europe PLC. There were six lenders who have an equal share in this facility. The international market is booming which keeps driving growth and creating job opportunities right across the United Kingdom. The auto industry is among the shining lights in the economy and there is a determination which is shown by the authorities to seize on the opportunity as the whole world is now working towards carbon emission free when it comes to driving.

    Ford Electric vehicle 2021 is among the largest exporters of the United Kingdom. Engines and the transmissions are transported from their facilities in Halewood and Degenham to twelve different countries across the world.

    Also Read : Emerging countries to lead the Electric Vehicle charge (evworldnews.com)

    The loan which is backed by the UKEF is going to initially support an investment of 125 million for funding phase two of the electric vehicle powertrain hub of manufacturing.

    It is estimated that Ford Electric Vehicle 2020 is going to help in the securing of 500 jobs at Halewood which is also going to be a huge part of the growth in the economy as well.