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Big Data, Cloud & AI top tech themes with most job postings in Q2 2023 Key tech themes with the most job postings in the second quarter (Q2) of this year include Big Data, Cloud and AI, a new report showed on Wednesday. Q2 2023 saw many companies across the globe announcing layoffs amidst a continuous decline in job postings, reveals GlobalData, a leading data and analytics company. Major players like JP Morgan Chase & Co, Walmart, Credit Suisse Group AG and Ford Motor Co were among the companies that have announced job cuts. Despite this, the Retai...
Big Data, Cloud & AI top tech themes with most job postings in Q2 2023
Big Data, Cloud & AI top tech themes with most job postings in Q2 2023
Source: IANS
9/08/2023 4:17:49 PM
Ford signs pact with Musk to bring Tesla charging into its EVs US automaker Ford has reached an agreement with its rival Elon Musk-run Tesla that will give Ford EV customers access to more than 12,000 Tesla Superchargers across the US and Canada, starting early next year. This is in addition to the over 10,000 DC fast-chargers that are already part of the 'BlueOval Charge Network'. "This is great news for our customers who will have unprecedented access to the largest network of fast-chargers in the US and Canada with more than 12,000 ...
Ford signs pact with Musk to bring Tesla charging into its EVs
Ford signs pact with Musk to bring Tesla charging into its EVs
Source: IANS
26/05/2023 11:09:05 AM
Ford plans a new $3.5 bn EV battery plant in US: Report Global automaker Ford is reportedly planning to announce a new $3.5 billion battery plant in Marshall, Michigan, in the US. According to Automotive News, the automaker will reveal the factory early next week in partnership with China's Contemporary Amperex Technology (CATL). The CATL produces lithium-iron phosphate batteries for electric vehicles (EVs), including the Mustang Mach-E. Ford was yet to officially comment on the report. Michigan has reportedly offered $1 billion in...
Ford plans a new $3.5 bn EV battery plant in US: Report
Ford plans a new $3.5 bn EV battery plant in US: Report
Source: IANS
12/02/2023 11:39:16 AM
South Korean EV battery players eye global top spot Rain had wetted much of the clay soil on the ground -- rich terracotta earth colours -- creating small and large puddles everywhere around a gigantic steel structure, densely embedded with millions of steel beams. Yet it was another busy day for many of the 800 engineers and construction workers, who had turned up for work to "get moving" on schedule for the electric vehicle battery manufacturing plants, under construction in Glendale, about 84.5 kms south of Louisville in the US...
South Korean EV battery players eye global top spot
South Korean EV battery players eye global top spot
Source: IANS
15/01/2023 2:08:19 PM
General Motors pauses paid advertising on Twitter under Elon Musk General Motors has temporarily paused paid advertising on Twitter, as the automaker wants to understand the direction the micro-blogging platform will take under Elon Musk. It's still unclear what percentage of GM's total advertising budget is meant for Twitter. "We are engaging with Twitter to understand the direction of the platform under their new ownership," the company told TechCrunch. "As is normal course of business with a significant change in a media p...
General Motors pauses paid advertising on Twitter under Elon Musk
General Motors pauses paid advertising on Twitter under Elon Musk
Source: IANS
29/10/2022 1:43:23 PM
LG Energy swings to profit on strong EV battery demand Seoul, Oct 26  LG Energy Solution Ltd (LGES) said on Wednesday it shifted to the black in the third quarter from a year earlier on the back of robust demand in electric vehicle (EV) batteries and a weaker Korean won currency. The battery maker said it will continue its focus on North America, a fast-growing EV market, and step up to build stable supply chains for raw materials to meet the requirements in the new US policy on EV and green energy. Net profit came to 187.7 billion won...
LG Energy swings to profit on strong EV battery demand
LG Energy swings to profit on strong EV battery demand
Source: ians
26/10/2022 7:31:30 PM
Automakers to double spending on EVs, batteries to $1.2 trillion by 2030 The world's top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that production, according to a Reuters analysis of public data and projections released by those companies. The EV investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just a year ag...
Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
Source: Reuters
26/10/2022 9:47:45 AM
Ford eliminates lease-to-buy option on EVs: Report Car maker Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning, Teslarati reported. The company said that "you do not have the option to purchase the vehicle at the end of the lease term". This change happened on June 15...
Ford eliminates lease-to-buy option on EVs: Report
Ford eliminates lease-to-buy option on EVs: Report
Source: IANS
26/06/2022 9:27:12 AM
Key News - Upgrad, GE Energy Financial Services, Ford, Uber, Disney, Adani Group By ARETE Securities Key News Edtech unicorn Upgrad doubles valuation with $225-mn funding round An education technology unicorn built by a cable TV-era entrepreneur almost doubled its valuation after raising $225 million in fresh funding, balking a frosty global venture capital environment. India’s UpGrad Education Pvt, founded by Ronnie Screwvala, increased its valuation to $2.25 billion in the round that included billionaire James Murdoch’s Lupa Systems LLC and US testing and assessment provi...
Key News - Upgrad, GE Energy Financial Services, Ford, Uber, Disney, Adani Group By ARETE Securities
Key News - Upgrad, GE Energy Financial Services, Ford, Uber, Disney, Adani Group By ARETE Securities
Source: ARETE Securities Ltd
16/06/2022 9:58:10 AM
Ford to invest $4.7bn to improve manufacturing plants US-based automaker Ford is reportedly planning to invest $3.7 billion to add over 6,200 union jobs to its manufacturing plants in Michigan, Ohio, and Missouri. The automaker also plans to invest another $1 billion in the next five years to improve the workplace environment in its factories based in the US, reports Teslarati. Besides adding 6,200 permanent Union Auto Workers (UAW) employees, Ford also expects its $3.7 billion investment to indirectly generate an estimated 74,000 new jobs...
Ford to invest $4.7bn to improve manufacturing plants
Ford to invest $4.7bn to improve manufacturing plants
Source: IANS
6/06/2022 2:30:09 PM
Ford makes U-turn, shelves plans for EV exports from India Ford Motor Co said on Thursday it had dropped plans to make electric vehicles (EVs) in India for exports, while it explores options for its two factories in the country that stopped production last year. The U.S. car maker said in February it would manufacture EVs in India and also got approval for the Indian government's $3.5-billion production-linked incentive scheme for making clean-fuel vehicles. "After careful review, we have decided to no longer pursue EV manufacturing fo...
Ford makes U-turn, shelves plans for EV exports from India
Ford makes U-turn, shelves plans for EV exports from India
Source: Reuters
12/05/2022 12:49:54 PM
Global shortage forces Ford to sell Explorer SUVs sans chips The global chip shortage has hit Ford and the automaker is set to start selling and shipping Explorer SUVs without the chips that power rear air conditioning and heating controls. According to a report in Automotive News citing sources, Ford Motor Co plans to ship and sell partially built vehicles that are awaiting semiconductors or related components that control non-safety critical features. The automaker will ship the missing semiconductors to dealers within one year, which they will...
Global shortage forces Ford to sell Explorer SUVs sans chips
Global shortage forces Ford to sell Explorer SUVs sans chips
Source: IANS
14/03/2022 12:47:24 PM
Ford to invest $50 bn in EV biz to compete against Tesla In its bid to catch up with Elon Musk-run Tesla, Ford Motor Company has announced to increase its electric vehicle (EV) investment to $50 billion through 2026, up from the previous $30 billion investment announcement by 2025. The automaker aims to produce more than 2 million electric vehicles annually by 2026, representing about one-third of Ford's global volume, rising to half by 2030. Ford said it will create distinct electric vehicle and internal combustion businesses to compete ...
Ford to invest $50 bn in EV biz to compete against Tesla
Ford to invest $50 bn in EV biz to compete against Tesla
Source: IANS
3/03/2022 11:49:55 AM
Ford Motor says eyeing India as export base for electric vehicles NEW DELHI - Ford Motor Co said on Friday it is exploring the possibility of using one of its plants in India to produce electric cars for exports, months after the U.S. automaker said it would stop selling cars in the Indian market. Ford last year pulled the plug on the domestic market but has still retained its two factories in the country. The automaker had applied for incentives under India's $3.5 billion scheme for clean fuel vehicles. Its proposal has been approved by the gover...
Ford Motor says eyeing India as export base for electric vehicles
Ford Motor says eyeing India as export base for electric vehicles
Source: Reuters
11/02/2022 5:26:23 PM
Ford, Suzuki to get incentives under India's $3.5 billion scheme for clean fuel vehicles NEW DELHI  - Ford Motor Co, Suzuki Motor Corp and Hyundai Motor are among 20 companies that will be eligible for incentives under the Indian government's $3.5 billion scheme to boost clean fuel vehicles, two industry sources told Reuters. The federal cabinet last year approved a plan for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles. Ford, Suzuki, Hyundai did not immediately respond to a request for comment.
Ford, Suzuki to get incentives under India's $3.5 billion scheme for clean fuel vehicles
Ford, Suzuki to get incentives under India's $3.5 billion scheme for clean fuel vehicles
Source: IANS
11/02/2022 4:20:13 PM
US fundraise at highest since 2003 to beat interest rate hikes In the US market, companies raised almost $96 billion through Wednesday, according to data from Refinitiv. It is the strongest start to the year on records dating back to 2003, CNN reported. For companies that want to take advantage of historically-low borrowing costs, the clock is ticking. In the early days of the year, corporations have been racing to issue debt. Their aim is to tap the market before the Federal Reserve starts hiking interest rates, which have been near zero since the...
US fundraise at highest since 2003 to beat interest rate hikes
US fundraise at highest since 2003 to beat interest rate hikes
Source: IANS
14/01/2022 9:49:15 AM
Foreign carmakers interested in Ford plant in India - state minister By Sudarshan Varadhan CHENNAI  - Foreign automakers have indicated an interest to the government of India's Tamil Nadu state in acquiring Ford Motor Co's plant there, the state industries minister said on Thursday, after inconclusive talks with the Tata Group. Ford announced plans to stop production in India in September, as it did not see a path to profitability there. The carmaker expected to wind down operations at its vehicle and engine manufacturing unit in Tamil Nadu ...
Foreign carmakers interested in Ford plant in India - state minister
Foreign carmakers interested in Ford plant in India - state minister
Source: Reuters
30/12/2021 4:33:13 PM
Ford, Rivian cancel plans to jointly develop EV: Report Ford Motor and Rivian have cancelled plans to co-develop an electric vehicle (EV), the companies confirmed. The two companies initially announced the development of a joint vehicle when the automaker invested $500 million in Rivian in 2019, reports CNBC. They later said it would be for Ford's luxury Lincoln brand, before cancelling those plans last year. Ford, at the time, said the automakers would still seek other opportunities to collaborate. Those plans also have now been scra...
Ford, Rivian cancel plans to jointly develop EV: Report
Ford, Rivian cancel plans to jointly develop EV: Report
Source: IANS
21/11/2021 3:25:26 PM
EV startup Lucid now more valuable than Ford Electric vehicle startup Lucid Motors market value has exceeded Ford Motor Group to $89.9 billion, after it closed at $55.52 a share, Al Arabiya reported. The EV startup's market value, which is backed in part by Saudi Arabia's Public Investment Fund (PIF), blew past Ford Motor on Tuesday to $89.9 billion and is close to surpassing General Motors, which currently has a market cap of $90.9 billion. The recent surge of the Saudi-backed EV company comes after its CEO Peter Rawlinso...
EV startup Lucid now more valuable than Ford
EV startup Lucid now more valuable than Ford
Source: IANS
18/11/2021 9:52:05 AM
Ford India head Anurag Mehrotra quits With US auto major Ford Motor Company deciding to close down vehicle manufacturing in India, Anurag Mehrotra, the President and Managing Director of its Indian subsidiary, Ford India Private Ltd, has put down in his papers, sources said. It is learnt from sources that Balasundaram Radhakrishnan, Director (Manufacturing), Ford India Private Ltd, has been appointed as the Transformation Officer. Radhakrishnan may oversee the winding up operations of Ford India's vehicle and engine man...
Ford India head Anurag Mehrotra quits
Ford India head Anurag Mehrotra quits
Source: IANS
25/09/2021 9:35:06 AM
Meeting with Ford Motor official was a failure: Union The meeting with Ford Motor Company's senior official for a relook at the corporate decision to shut down vehicle production in India ended in a failure, said a Union official at Ford India Private Ltd. The workers union had asked for a meeting with the top officials of Ford Motor Company involved in the decision of closing down three of the four plants in India. "We had a meeting with an official who is part of Ford Motor Company's IMG (International Markets Group) on Mond...
Meeting with Ford Motor official was a failure: Union
Meeting with Ford Motor official was a failure: Union
Source: IANS
21/09/2021 4:39:52 PM
Ford halts southern India plant production as pandemic surges CHENNAI - Ford Motor Co said it will halt production at its car plant in India's southern state of Tamil Nadu after workers staged a lunchtime sit-in protest on Thursday, demanding leave and health benefits, as the country battles the coronavirus. The automaker will stop work at its Chennai plant on Friday and Saturday as it continues to engage with the union on other health and safety demands, Ford said in a statement. "The safety of our workforce remains our topmost priority,...
Ford halts southern India plant production as pandemic surges
Ford halts southern India plant production as pandemic surges
Source: Reuters
28/05/2021 1:49:30 PM
SK Innovation, Ford to form $5.3B EV battery venture in US South Korean battery maker SK Innovation and American automaker Ford Motor will establish a 6 trillion won ($5.3 billion) joint venture in the United States to produce batteries for electric vehicles, the two companies have said. The two companies signed a memorandum of understanding on the joint venture, called BlueOvalSK, to build a battery factory with 60 gigwatt hours (GWh) of production in the US by the mid-2020s. Their announcement came a day before South Korean President Moon Jae...
SK Innovation, Ford to form $5.3B EV battery venture in US
SK Innovation, Ford to form $5.3B EV battery venture in US
Source: IANS
21/05/2021 11:24:36 AM
SK Innovation, Ford to launch EV battery joint venture in US South Korean battery maker SK Innovation and American automaker Ford Motor are set to announce a battery joint venture in the United States to ensure a stable supply of batteries for electric vehicles, industry sources said on Thursday. The two companies plan to announce a memorandum of understanding on the joint venture later in the day, as South Korean President Moon Jae-in meets with U.S. President Joe Biden in Washington this week to discuss bilateral issues, including EV industry coop...
SK Innovation, Ford to launch EV battery joint venture in US
SK Innovation, Ford to launch EV battery joint venture in US
Source: IANS
20/05/2021 9:45:39 AM
Ford to decide on India investment plan in second half of 2021 NEW DELHI - Ford Motor Co expects to firm up capital allocation plans for India in the second half of 2021, a senior executive said in an email to staff, as the automaker overhauls its strategy in a loss-making market. Dearborn, Michigan-based Ford has tasked senior executive Steven Armstrong with evaluating investment plans for India in his new role as transformation officer, South America and India, the automaker said in a separate statement this week. "We have a lot of work to d...
Ford to decide on India investment plan in second half of 2021
Ford to decide on India investment plan in second half of 2021
Source: Reuters
30/04/2021 1:56:24 PM
Ford details new production cuts due to global chip shortage DETROIT  - Ford Motor Co on Wednesday outlined another series of plant shutdowns due to the global semiconductor chip shortage, with five facilities in the United States and one in Turkey affected. The No. 2 U.S. automaker did not outline how many vehicles would be lost in the latest actions, and reiterated it intends to provide an update on the financial impact of the chip shortage with its quarterly earnings on April 28, suggesting the hit could be bigger than initially forecast. ...
Ford details new production cuts due to global chip shortage
Ford details new production cuts due to global chip shortage
Source: IANS
15/04/2021 9:54:43 AM
South Korean battery makers agree last-minute deal in boost to Biden`s EV policy WASHINGTON - South Korean battery makers LG Chem and rival SK Innovation Co have agreed to settle a trade secrets dispute that has threatened a key Georgia plant and the electric vehicle plans of Ford Motor Co and Volkswagen AG, three sources briefed on the matter said. The Biden administration through the U.S. Trade Representative's Office (USTR) faced a Sunday night deadline on whether to take the rare step of reversing a U.S. International Trade Commission decision unless the compan...
South Korean battery makers agree last-minute deal in boost to Biden`s EV policy
South Korean battery makers agree last-minute deal in boost to Biden`s EV policy
Source: Reuters
11/04/2021 9:34:22 AM
Ford to update financial impact of global chip shortage next month DETROIT  - Ford Motor Co said on Wednesday, while announcing the latest North American production cuts at seven assembly plants due to the global chip shortage, that it would provide an update on April 28 to the expected hit to its 2021 profit. The U.S. automaker previously said its operating profit this year would be reduced by $1 billion to $2.5 billion. The update to that forecast will be provided when Ford reports first-quarter results on April 28. A Ford spokeswoman declined f...
Ford to update financial impact of global chip shortage next month
Ford to update financial impact of global chip shortage next month
Source: Reuters
1/04/2021 10:48:16 AM
Ford partly assembling some vehicles, idling two plants due to chip shortage DETROIT  - Ford Motor Co said on Thursday it will for now assemble its flagship, highly profitable F-150 pickup trucks and Edge SUVs in North America without certain parts and idle two assembly plants due to the global semiconductor chip shortage. The U.S. automaker said the chip shortage, combined with the shortage of a part caused by the central U.S. winter storm, is prompting it to build the vehicles and then hold them "for a number of weeks" until they can be completed a...
Ford partly assembling some vehicles, idling two plants due to chip shortage
Ford partly assembling some vehicles, idling two plants due to chip shortage
Source: Reuters
19/03/2021 9:54:08 AM
Ford to launch recall of 2.9 million vehicles for air bag inflators WASHINGTON - Ford Motor Co said on Friday it will begin notifying owners April 1 in its new recall of 2.9 million vehicles in North America with potentially defective driver-side Takata air bags after U.S. regulators demanded the fix in January. The second largest U.S. automaker said in January it would comply with the National Highway Traffic Safety Administration request and that the recall would cost $610 million. The defect, which leads in rare instances to air bag inflators ruptu...
Ford to launch recall of 2.9 million vehicles for air bag inflators
Ford to launch recall of 2.9 million vehicles for air bag inflators
Source: Reuters
13/03/2021 9:52:24 AM
Ford Motor terminates electric vehicle plans with China's Zotye SHANGHAI  - Ford Motor has decided to terminate plans to launch electric vehicle joint ventures with China's Zotye Automobile, the U.S. auto giant said on Thursday. It said that China's electric vehicle industry and government policies had undergone major changes since the agreements were signed in 2017 and 2018, prompting Ford's decision. Ford didn't specify which changes triggered its move. Last week, Ford said its China joint venture with Chongqing Changan Automo...
Ford Motor terminates electric vehicle plans with China's Zotye
Ford Motor terminates electric vehicle plans with China's Zotye
Source: Reuters
4/02/2021 11:10:36 AM