Solar Energy News  
CAR TECH
Ford speeds to electric with $11.4 bn investment
by AFP Staff Writers
Washington (AFP) Sept 28, 2021

US car manufacturer Ford said Monday it plans to invest $11.4 billion in electric vehicle production, in a bid to position itself to lead the United States' shift away from climate-damaging fossil fuels.

The company said it will build four new plants to produce electric vehicles and batteries that will create 11,000 new jobs by 2025.

Together with its South Korean partner SK Innovation, Ford will build the factories in Kentucky and Tennessee, the automaker said in a statement.

Ford will invest $7 billion, part of a $30 billion investment already announced last spring, and SK Innovation will put up the remainder.

Ford said it would be the "largest, most advanced, most efficient auto production complex in its 118-year history" and would place the company at the forefront of the country's shift to electric vehicles.

The statement said: "This investment supports the company's longer-term goal to create a sustainable American manufacturing ecosystem, and to accelerate its progress towards achieving carbon neutrality, backed by science-based targets in line with the Paris Climate Agreement."

The company expects between 40 and 50 percent of its global vehicles to be fully electric by 2030, according to the statement.

Executive Chair Bill Ford said, "This is a transformative moment where Ford will lead America's transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing."

"With this investment and a spirit of innovation, we can achieve goals once thought mutually exclusive -- protect our planet, build great electric vehicles Americans will love and contribute to our nation's prosperity," he added.

The announcement came amid strong demand for the company's new F-150 Lightning pickup vehicle and other electric models such as the E-Transit and the Mustang Mach-E.

Like its competitor GM, the manufacturer is striving to catch up with Tesla, the main pioneer of electric cars.

Ford, which revolutionized automated car production a century ago, said its rollout would be "the largest ever US investment in electric vehicles at one time by any automotive manufacturer."

- 'Good jobs' -

Under mounting pressure from public opinion, and with customers and investors increasingly sensitive to environmental concerns, many car manufacturers have started to turn towards electric vehicles to reduce harmful emissions.

Until recently, the shift to electric had not been so marked.

"We are moving now to deliver breakthrough electric vehicles for the many rather than the few," said Jim Farley, Ford's CEO.

Echoing a theme close to President Joe Biden's economic plans, as well as his determination to transform infrastructure to tackle climate change, Farley said the investment was "about creating good jobs that support American families."

Ford's announcement will give a boost to Biden's Democratic Party, who are putting their massive infrastructure investment plan of some $1 trillion to a vote in Congress this week.

The Democrats want to take steps to tackle climate change, insisting the switch to a greener economy could create millions of jobs in the future.

In its original form, the infrastructure plan provided for the construction of a national network of 500,000 charging stations by 2030 and a switch to electricity for 20 percent of the country's famous yellow school buses.

Dt/jh/to

FORD MOTOR


Related Links
Car Technology at SpaceMart.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


CAR TECH
Making self-driving cars safer through keener robot perception
Boston MA (SPX) Sep 20, 2021
Aviation became a reality in the early 20th century, but it took 20 years before the proper safety precautions enabled widespread adoption of air travel. Today, the future of fully autonomous vehicles is similarly cloudy, due in large part to safety concerns. To accelerate that timeline, graduate student Heng "Hank" Yang and his collaborators have developed the first set of "certifiable perception" algorithms, which could help protect the next generation of self-driving vehicles - and the vehicles ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

CAR TECH
Researchers want to breed a sorghum variety that captures more carbon

UMD to create sustainable biofuels and bioplastics from food waste with DOE grant

Zeolites make for efficient production of pentanoic biofuels

Marginal land available for bioenergy crops much scarcer than previously estimated

CAR TECH
How robots can tell how clean is 'clean'

Elon Musk's Tesla Bot raises serious concerns - but probably not the ones you think

Actuator discovery outperforms existing technology

Humanoid robots catch the eye of humans when interacting

CAR TECH
How do wind turbines respond to winds, ground motion during earthquakes?

For golden eagles, habitat loss is main threat from wind farms

Wind turbines can be clustered while avoiding turbulent wakes of their neighbors

Shell, France's EDF to build US offshore windfarm

CAR TECH
Swedish electric car maker Polestar plans $20-bn IPO

Shares in Evergrande EV unit plunge as cash dries up

UK climate motorway protesters risk jail under new injunction

Making self-driving cars safer through keener robot perception

CAR TECH
A new solid-state battery surprises the researchers who created it

Now everyone can build battery-free electronic devices

Fabricating MgB2 superconductors using spark plasma sintering and pulse magnetization

Researchers develop new tool for analyzing large superconducting circuits

CAR TECH
Polish copper giant signs deal with US firm for small nuclear reactors

France's EDF in talks with GE to buy nuclear turbine ops

Potential Deployment of BWRX-300 Small Modular Reactors in Poland

France pleads EU to see nuclear as Green

CAR TECH
UK firms urge govt to quicken shift from fossil fuels

UN redoubles green energy push to save climate, boost electricity

EU looking at measures to tackle 'critical' energy crisis

Biden says US 'to double' contribution to climate finance

CAR TECH
US firefighters optimistic over world's biggest tree

Romania probes logger assault claim by filmmakers

Death stalks Colombian defenders of nature

Death stalks Colombian defenders of nature









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.