Ford will build five electric vehicles at a Canadian factory, as part of a deal with auto-worker union Unifor announced Tuesday, Sept 29, the Toronto Star reported. Subject to ratification by union members, the agreement is for a three-year national labor contract covering 5,400 unionized works, a Ford statement said. The proposed settlement includes a […]
electric
An Electric Lincoln SUV is Coming
In April, 2019 Ford invested $500,000 in an electric vehicle innovation company called Rivian. This is the release written on the Rivian website: EARBORN, Mich., April 24, 2019 – Rivian today announced an equity investment of $500 million from Ford Motor Company. In addition to the investment, the companies have agreed to work together to develop […]
“Going All In” On Electric
Ford announced at the beginning of 2018 that they are committed to electric cars and are investing $11 billion to bring 40 electrified vehicles to market by 2022. Jim Farley, president of Ford global markets, said this during a presentation at the Detroit auto show in January. That’s up from the $4.5 billion that Ford said […]