United Auto Workers (UAW) union President Shawn Fain on Friday harshly criticized the U.S. Energy Department plan to lend $9.2 billion to a joint venture of Ford Motor and South Korea's SK On to build
Second quarter layoffs continue apace after more than 136,000 employees were cut by major U.S. companies in the first quarter of 2023.
Ford Motor is reportedly preparing to put another round of layoffs into motion in a continued attempt to streamline its operations and reduce costs.

Ford Stock Slips After Report of More Layoffs

05:53am, Friday, 23'rd Jun 2023
The job cuts will mainly hit U.S. workers and are part of a broader effort to reduce costs.
Ford's joint venture to build vehicle batteries with South Korean company SK On in Kentucky and Tennessee just received a $9.2 billion boost from the U.S. Department of Energy.
Ford plans to produce 2 million EVs annually by 2026.
Ford plans to produce 2 million EVs annually by 2026.
Yahoo Finance Automotive Reporter Pras Subramanian reports on Ford getting a $9.2 billion loan from the Department of Energy plus Tesla stock being downgraded but it price target being raised to $250.
Ford Motor is preparing for a new round of layoffs for its salaried workers in the United States, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Ford readies another round of layoffs: WSJ

05:26pm, Thursday, 22'nd Jun 2023
Ford Motor Co. F, +1.21% is getting ready for another round of layoffs in the coming weeks, The Wall Street Journal reported, citing people familiar with the matter. The layoffs are expected to includ

Ford agrees to $9.2 billion US government loan

01:02pm, Thursday, 22'nd Jun 2023
Ford and its South Korean battery manufacturing partner SK On have agreed to a loan of $9.2 billion from the US Department of Energy as part of President Joe Biden's push to bring more electric vehicl
A focus on forced labor and enforcement actions to fight against it are “here for some time,” according to a U.S. Customs and Border Protection official.
Three Stellantis brands — Dodge, Ram and Alfa Romeo — topped this year's quality rankings.

Ford Will Get a Government Loan for EVs

11:46am, Thursday, 22'nd Jun 2023
The Energy Department announced a $9.2 billion conditional loan commitment for Ford's battery manufacturing joint venture with SK On.
The loan was given to Ford for three battery plants in Kentucky and Tennessee.
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