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☆ Ford pauses work on $3.5 billion battery plant in Michigan
▼ + stars: | 2023-09-25 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/4] Ford Motor Company Chief Executive Bill Ford announces Ford will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan U.S., February 13, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSept 25 (Reuters) - Ford Motor (F.N) said Monday it has paused work on a $3.5 billion battery plant in Michigan, citing concerns about its ability to competitively operate the plant. The announcement comes as Ford has repeatedly upped its offer to the United Auto Workers union in contract talks. Republicans in Congress have been probing Ford's battery plant plan in Marshall, Michigan, using technology from CATL (300750.SZ), the world's largest battery maker. Ford has been awaiting guidance to determine if batteries operated by the Marshall plant would run afoul of the requirements.

Persons: Bill Ford, Ford, Rebecca Cook, Joe Biden, Marshall, David Shepardson, Nick Zieminski Organizations: Ford Motor Company, Amperex Technology, Romulus , Michigan U.S, REUTERS, Ford, United Auto Workers, UAW, Detroit Three, Republicans, Marshall, Thomson Locations: Marshall , Michigan, Romulus , Michigan, Michigan, CATL

☆ Banks scramble to find leaders equipped for today’s economic realities
▼ + stars: | 2023-09-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

That means most current executives, who came up in the era of easy money, are unfamiliar with the complexities of running a bank under today’s conditions. Some CEOs are deciding that they need to make drastic, expensive and often unpopular institutional changes to help them keep up. Banks currently have strong managers, but not a lot of strong leaders, said David Schiff, senior partner at West Monroe. Prior to the current interest rate hikes, banks had been operating with low-interest, stable rates for nearly two decades, he said. It has not had a strike in its Canadian operations since 1990 and had not had a US strike since 1978.

Persons: Jane Fraser, Fraser, Mike Santomassimo, Truist, Venkatakrishnan, Goldman Sachs, It’s, Roger Hochschild, Morgan Stanley, James Gorman, Banks, David Schiff, That’s, aren’t, ”, Schiff, “, “ There’s, Chris Isidore, Unifor, ” Ford, Lana Payne, Clorox, Jordan Valinsky Organizations: CNN Business, Bell, New York CNN, Citigroup, Citi, Wells, Reuters, Barclays, C.S, CNBC, Discover, Canadian, Ford, Ford Motor Company, United Auto Workers, General Motors, Jeep, Dodge, Chrysler Locations: New York, West Monroe, Canada, Clorox

☆ Canadian autoworkers extend negotiations with Ford, delaying a possible strike
▼ + stars: | 2023-09-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

According to an update posted on the union site: “Unifor is extending negotiations with Ford Motor Company for a 24-hour period. By contrast, Unifor announced if it goes on strike, it will strike all the Ford facilities where it represents members. The union had granted them contract extensions while it focused its negotiations on reaching the best possible deal with Ford. It has not had a strike in its Canadian operations since 1990 and has not had a US strike since 1978. A Canadian strike could be a bigger blow to Ford’s sales than the UAW strike, which is so far is limited to one factory in Michigan in the case of Ford.

Persons: Unifor, ” Ford, Lana Payne, ” Payne, Ford Organizations: CNN, Canadian, Ford, Ford Motor Company, United Auto Workers, General Motors, Jeep, Dodge, Chrysler, UAW, Ford Bronco, Nautilus Locations: Canada, Wayne , Michigan, Michigan, Windsor

☆ The 40-hour workweek started with autoworkers—now they're trying to make 32 hours the new norm
▼ + stars: | 2023-09-19 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

United Auto Workers (UAW) members on a picket line outside the Stellantis NV Toledo Assembly Complex in Toldeo, Ohio, US, on Monday, Sept. 18, 2023. Thousands of United Auto Workers members are striking against three major Detroit automakers — Ford, GM and Stellantis — at plants across the U.S. Autoworkers at Ford Motor Company were among the first to adopt a five-day, 40-hour workweek in 1926 at a time when people regularly topped 100 hours per week. By 1938, the Fair Labor Standards Act cut the workweek to 44 hours, then down to 40 hours two years later. "I think it will move the public toward thinking the four-day workweek is the appropriate workweek," Creighton says.

Persons: —, Stellantis, Shawn Fain, That's, Cathy Creighton, they'd, Jonathan Cutler, Creighton Organizations: United Auto Workers, UAW, Stellantis NV, Detroit, — Ford, GM, Labor, Cornell University's Industrial, Labor Relations Buffalo Co, National Labor Relations Board, Ford Motor Company, Fair Labor, Wesleyan University, NPR, Cathy Creighton Cornell University ILR Locations: Stellantis NV Toledo, Toldeo , Ohio, U.S

☆ Why do we work 9 to 5? The history of the eight-hour workday
▼ + stars: | 2023-09-09 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

Here is a (highly) abbreviated rundown of how US society settled (so far anyway) on an eight-hour workday. The strike failed … but four years later US Steel reduced its workday from twelve to eight hours.”Pioneering employers — and a six-hour workday — make wavesIn 1926, the Ford Motor Company, under the leadership of Henry Ford, famously instituted an eight-hour-a-day, five-day workweek. Kellogg decided in 1930 to institute six-hour shifts in place of eight-hour shifts, with some reduction in workers’ pay. Kellogg’s move attracted national attention, and soon there was a push to federally legislate a six-hour workday. Hunnicutt interviewed several Kellogg workers about why they returned to a longer workday.

Persons: Dolly Parton, ” It’s, wasn’t, Benjamin Hunnicutt, Robert Whaples, Whaples, —, Henry Ford, “, ”, Kellogg, Hunnicutt, Kellogg’s, Franklin Delano Roosevelt, FDR, didn’t, ” Hunnicutt, Gen, It’s Organizations: New, New York CNN, University of Iowa, Wake Forest University, Economic, US Steel, ”, Ford Motor Company, Senate, Industrial, Labor, Fair Labor, Act, Kellogg Locations: New York, United States

Its shares had lost almost half their value in the last 12 months prior to news of its exploring a sale. The Irvine, California-based company is being advised by investment bank Qatalyst Partners on its discussions with potential acquirers, which include private equity firms, the sources said. Alteryx shares ended trading on Wednesday up 14% on the news at $34.58. In recent years, Alteryx has transitioned to a subscription-focused business model as part of a strategy to tap into growing demand for data analytics services. In its most recent quarter, Alteryx posted a net loss of $120 million due to higher sales and marketing expenses.

Persons: Alteryx, Dean Stoecker, Qatalyst, Milana Vinn, Nick Zieminski, Stephen Coates Organizations: Alteryx, Microsoft Corp, Oracle Corp, Qatalyst Partners, Insight Partners, Cola, Vodafone Plc, Walmart Inc, Ford Motor Company, North America, Thomson Locations: Irvine , California, Alteryx, New York

☆ Limited-edition 2025 Mustang GTD: 800+ horsepower and a $300,000 sticker
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

[1/5] The new 2025 Ford Mustang GTD, a $300,000 limited-edition performance car, is shown in this undated company handout photo released to Reuters on August 17, 2023. Ford Motor Company/Handout via REUTERS Acquire Licensing RightsAug 17 (Reuters) - Ford Motor (F.N) is joining rival General Motors in the U.S. supercar ranks with the launch of the 2025 Mustang GTD, a limited-edition, high-performance hot rod priced from $300,000. The Mustang GTD is loosely based on the 2024 Mustang coupe that is priced from around $31,000. But the Mustang GTD really has more in common with the new Mustang GT3 racecar that is expected to compete next year at the 24 Hours of Le Mans, one of the world's premier endurance races. A spokesperson would say only that GTD production will be "more than 50 cars."

Persons: Jim Farley, Aston Martin, James Bond, Farley, Ford's, Paul Lienert, Rosalba O'Brien Organizations: Reuters, Ford Motor Company, REUTERS Acquire, Ford, General Motors, U.S, Porsche, Benz, Aston Martin, British, Cadillac, Thomson Locations: Ontario, Warren , Michigan, Detroit

☆ Changan Ford Motor to set up electric car JV with Chongqing Changan Auto
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

Workers assemble vehicles at a plant of Changan Ford, a joint venture between Changan Automobile and Ford Motor Company, in Harbin, Heilongjiang province, China February 22, 2017. REUTERS/Stringer/File PhotoBEIJING, Aug 11 (Reuters) - Changan Ford Motor plans to set up a new-energy passenger car joint venture with state-owned Chongqing Changan Automobile (000625.SZ), according to a document published by China's market regulator on Friday. Changan Ford Motor will own a 60% stake and Chongqing Changan Automobile will have the remaining 40% stake. In the future, the joint venture plans to engage in the "supply business of mainstream brand new energy passenger vehicles and the distribution business of Ford brand models that Changan Ford has invested in," the statement said. Officials at Ford and Changan could not immediately be reached for further comment.

Persons: Changan Ford, Stringer, Ford, Tesla, Farah Master, Twinnie Siu, Zhang Yan, Ben Klayman, Louise Heavens, Susan Fenton Organizations: Changan Automobile, Ford Motor Company, REUTERS, Ford Motor, Chongqing Changan Automobile, Ford, China Association of Automobile Manufacturers, Thomson Locations: Harbin, Heilongjiang province, China, BEIJING, Chongqing, Changan, Hong Kong, Shanghai, Beijing, Detroit

☆ Ford exec expects software to boost revenue for commercial trucks, vans
▼ + stars: | 2023-08-10 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

[1/3] A model of the Ford F-150 Lightning electric pickup is parked in front of the Ford Motor Company World Headquarters in Dearborn, Michigan, U.S. April 26, 2022. REUTERS/Rebecca Cook/File PhotoCompanies Ford Motor Co FollowAug 10 (Reuters) - Ford Motor (F.N) expects to incorporate more and better software into the trucks and vans in its highly profitable Ford Pro commercial vehicle business and grow revenues by $4,000-$5,000 per vehicle by 2026, a top executive said on Thursday. Navin Kumar, chief financial officer of Ford Pro, said the automaker would look to boost revenue with software- and data-driven fleet services, safety and security services, partial vehicle autonomy and insurance. Ford Pro will continue to offer a full portfolio of combustion engine, hybrid electric and full electric vehicles, Kumar said. Its second-generation EVs, including the successor to the F-150 Lightning pickup, will be more profitable, in terms of their ability to generation additional software and services revenue.

Persons: Rebecca Cook, Navin Kumar, Kumar, Morgan, Paul Lienert, David Gregorio Our Organizations: Ford, Ford Motor Company, REUTERS, Ford Pro, Transit Courier, Thomson Locations: Dearborn , Michigan, U.S, Europe, Detroit

☆ Ford restarts F-150 Lightning production, says demand jumped sixfold after July price cuts
▼ + stars: | 2023-08-01 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Ford Motor Company's electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. Ford Motor said Tuesday the factory that builds its electric F-150 Lightning pickup has reopened after a six-week break for upgrades — and that recent price cuts on the EV have led to a significant increase in demand. Ford is modifying its production mix to increase supplies of the Lightning XLT, he said. The factory has hired about 1,200 new employees to support the production increase, according to Debbie Manzano, Ford's manufacturing director. Ford is also ramping up production at the factories that supply battery packs and electric motors for the Lightning, Manzano said.

Persons: Marin Gjaja, Gjaja, Ford, Debbie Manzano, Manzano Organizations: Ford, Electric Vehicle, Ford Motor, Electric Vehicle Center, Lightning Locations: Dearborn , Michigan

☆ Ford balances growth and profits in a promising quarter, keeps its stock rating
▼ + stars: | 2023-07-27 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Earnings before interest and taxes (EBIT) increased slightly to $3.79 billion, well ahead of analysts' predictions for EBIT of $3.16 billion. With Thursday's results, management shows it is playing to win and that the fourth quarter was an outlier. Strong profitability and cash flow generation overall in the second quarter provided the much-needed offset. Quarterly commentary Ford Blue, which represents Ford's gas-powered and hybrid vehicles, delivered a strong quarter and was again profitable in every region in which it operates. By segment, Ford expects Ford Blue to deliver full year EBIT of "about $8 billion," up from about $7 billion, and Ford Pro's EBIT to be "approaching $8 billion," up from $6 billion.

Persons: Jim Farley, we've, Farley, we're, Ford, Ford Pro's, Jim Cramer's, Jim Cramer, Jim, Jeff Kowalsky Organizations: Ford, Refinitiv, Management, Ford Model, Ford Pro, CNBC, Electric Vehicle, AFP, Getty Locations: North America, Europe, EBIT, Dearborn , Michigan

Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. DETROIT – U.S. lawmakers are seeking to review a licensing deal between Ford Motor and China-based CATL that would allow the automaker to produce battery cells developed by the global supplier at a planned $3.5 billion plant in Michigan. The new batteries are expected to offer different benefits at a lower cost, assisting Ford in increasing EV production and profit margins. Several hundred of the proposed 2,500 jobs managed by Ford will be staffed by CATL employees from China until the licensing agreement expires in 2038, according to the letter. "Indeed, although the executives of the proposed project will be US-based Ford employees, it appears that the project will rely on CATL employees from the PRC to maintain operations in the long term," the lawmakers wrote.

Persons: Jim Farley, Biden, Tesla Organizations: Ford Motor Company, Technology, Ford Motor, Chinese Communist Party, CCP, Ford, Detroit automaker Locations: China, Marshall , Michigan, Romulus , Michigan, DETROIT – U.S, Michigan

Ford Motor Company's electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. DETROIT – Ford Motor 's second-quarter sales increased 9.9% from a year earlier, spurred by significant sales gains of its F-Series trucks. "Our EV sales continue to grow. Improved Mustang Mach-E inventory flow began to hit at the end of Q2 following the retooling of our plant earlier this year, which helped Mustang Mach-E sales climb 110% in June." Ford's electric vehicle sales remain small for now: EVs represented just 2.8% of the automaker's total sales during the second quarter, while traditional internal combustion engines represented roughly 91% of sales.

Persons: Ford, Andrew Frick, EVs Organizations: Ford, Electric Vehicle, DETROIT, Detroit, EV Locations: Dearborn , Michigan

☆ Why the electric vehicle boom could put a major strain on the U.S. power grid
▼ + stars: | 2023-07-01 | by ( Katie Brigham | ) www.cnbc.com time to read: +9 min

Over half of all new cars sold in the U.S. by 2030 are expected to be electric vehicles. That could put a major strain on our nation's electric grid, an aging system built for a world that runs on fossil fuels. Major grid infrastructure needsCharging electric vehicles is quite electricity intensive. Larger electric vehicles such as the Ford F-150 Lightning would generally use more electricity than a central AC unit in a large home. The utility is tied to a four-year funding cycle for grid infrastructure upgrades, and its last funding request was in 2021.

Persons: That's, we've, Rob Gramlich, Gramlich, Lydia Krefta, Krefta, David Paul Morris, Aram Shumavon, Shumavon, we're, Sen, Joe Manchin, Joe Biden, Tesla Organizations: Rapid Energy, Princeton University, Grid, California Public Utilities Commission, EV, Tesla, Ford, Workers, Power Services, Pacific Gas & Electric, Bloomberg, Getty, Nissan Leaf, Ford Motor Company Locations: U.S, California, Northern, Central California, Healdsburg , California

☆ Factbox: Graphite producers doing deals with automakers and battery groups
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +4 min

Tomas Bergman/Handout via REUTERSLONDON, June 21 (Reuters) - Automakers are rushing to lock in graphite supply from outside dominant producer China as mined graphite demand for electric vehicle (EV) batteries outpaces other uses. Below are details of some Western companies producing, or planning to produce graphite, and their deals with auto makers and battery producers. It aims to start annual production at a battery anode plant in Mauritius in 2024 at 3,600 metric tons. SYRAH RESOURCES LTD (SYR.AX)Operates Balama mine in Mozambique, which doubled graphite production to 163,000 metric tons in 2022 from the year before. MAGNIS ENERGY TECHNOLOGIES LTD (MNS.AX)Developing Nachu graphite mine in Tanzania, aiming to produce 236,000 metric tons of graphite concentrate.

Persons: Tomas Bergman, Handout, steelmaker Thyssenkrupp, Talga, Magnis, Tesla, China's, Eric Onstad, Sharon Singleton Organizations: Talga Group, Reuters, REUTERS LONDON, INC, TALGA, Automotive Cells Company, ACC, Stellantis, Mercedes, Benz, Renault, LG Energy, Ford Motor Company, SK, MONDE, Panasonic Energy, Thomson Locations: Norrbotten, Sweden, China, Madagascar, Mauritius, Lulea, Mozambique, U.S ., Louisiana, Tanzania, United States, New York, South Australia, Macquarie, Canada, India, Alabama, Coosa

☆ Tesla partnership 'a really pragmatic move by Ford and GM', says former Ford CEO Mark Fields
▼ + stars: | 2023-06-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla partnership 'a really pragmatic move by Ford and GM', says former Ford CEO Mark FieldsMark Fields, former Ford Motor Company president and CEO, joins 'Squawk Box' to discuss Tesla's new charging partnerships, what it means from the EV landscape, and more.

Persons: Mark Fields Mark Fields Organizations: Ford, GM, Ford Motor Company

☆ Researchers found a surefire predictor of success — and what separates those who find it from those who keep failing
▼ + stars: | 2023-05-12 | by ( Susie Allen | Kellogg Insight | ) www.businessinsider.com time to read: +12 min

Using this insight, the researchers are able to successfully predict an individual's long-term success with just a small amount of information about that person's initial attempts. Indeed, in another recent study, Wang himself found that an early career setback often set up scientists for later success. In all three datasets, an individual's second-to-last attempt did tend have a higher probability of success than their very first effort. Rather, there's a singular learning threshold that separates eventual successes from the rest. "Thomas Edison said, 'people give up because they don't know how close they are to success,'" Wang explains.

☆ Ford to open orders on F-150 Trucks amid production snags
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] A model of the all-new Ford F-150 Lightning electric pickup is parked in front of the Ford Motor Company World Headquarters in Dearborn, Michigan, U.S., April 26, 2022. REUTERS/Rebecca CookMay 5 (Reuters) - Ford Motor Co (F.N) said on Friday that it will open orders for its popular F-150 Lightning truck next week as part of their plan to scale to annual production of 150,000 units. Ford is facing another production snag on the F-150 pickup trucks due to missing door handles, a source told Reuters on Wednesday. The company faced a production snag in February after a battery fire. Ford this week posted robust first-quarter revenue and reiterated its plans to boost Lightning production to a rate of 150,000 vehicles a year by the end of this year.

☆ A Minimalist Australian Dream Home With an 18th-Century Twist
▼ + stars: | 2023-05-02 | by ( Tim Mckeough | ) www.nytimes.com time to read: 1 min

As the real estate market in Melbourne, Australia, sizzled and home prices surged in 2017, Chris Calleja and Joy Suemag were scrambling to find a larger house for their young family. “Property was hot, so you had to be brave and go in and bid at auction,” said Mr. Calleja, 47, who works in finance at the Ford Motor Company. “You’re going to all these places and losing, losing, losing.”So when he and Ms. Suemag, also 47 and a marketing and sales professional at Ford, found a 1950s house in the Melbourne suburb of Alphington, which they liked for its proximity to work, school, stores and restaurants, they didn’t hesitate — although it was far from perfect.

☆ Inside the Rise and Fall of Kittyhawk, Larry Page's Failed Flying Car Company
▼ + stars: | 2023-04-16 | by ( Hugh Langley | Rob Price | ) www.businessinsider.com time to read: +22 min

Killing off projects had become something of a tradition at Kittyhawk, the secretive flying-car startup launched by the Google cofounder Larry Page. Larry Page has used his Google money to found a series of flying car companies with one common goal: "to free the world of traffic." "When Bloomberg did their original exposé, that's when urban air mobility became a thing," a former Kittyhawk employee recalled. Everyone thought: If Larry Page is in this space, there must be something here." Interpreting "Larry-isms" or "learning to speak Larry" were essential skills for any Kittyhawk employee who wanted to retain their sanity.

☆ EV tax credits: New rules could slash the number of eligible electric vehicles. Here's what you should know
▼ + stars: | 2023-03-31 | by ( Ella Nilsen | ) edition.cnn.com time to read: +9 min

The new tax credit and the guidance are complex, and more information will be coming out in the coming weeks and months. The clearest impact on consumers will be the reduced number of vehicles eligible for credits starting April 18. Under the new rule, consumers can get up to $7,500 in tax credits on eligible cars. What is in the new EV tax credit rule and why is it complicated? New guidance from the Biden administration suggests fewer EVs will be eligible for tax credits starting April 18.

☆ Ford hikes F-150 Lightning's price again to battle high costs
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

[1/3] A model of the all-new Ford F-150 Lightning electric pickup is parked in front of the Ford Motor Company World Headquarters in Dearborn, Michigan, U.S. April 26, 2022. REUTERS/Rebecca CookMarch 30 (Reuters) - Ford Motor Co (F.N) has raised the base price of its popular F-150 Lightning electric pickup truck again, the automaker's website showed on Thursday, the latest in a series of price hikes aimed at offsetting high costs. The base variant of Ford's electric F-150 truck now starts at $59,974, excluding shipping and taxes, up nearly 50% from its starting price when launched last year. The Detroit automaker resumed production of the F-150 Lightning earlier this month after recalling 18 electric trucks due to a battery-cell manufacturing defect. A week earlier, Ford said its electric-vehicle business unit was expected to lose $3 billion this year, but remained on track to achieve a pretax margin of 8% by late 2026.

CNBC: You were the first Hispanic woman to serve on one of the top five Fortune 100 corporate boards, but as of 2022, corporate boards continue to remain majority white and male. What do you see as the biggest obstacle to diversifying corporate boards? Ford director Kimberly Casiano was the first Hispanic woman to serve on a Fortune 100 top five corporate board. I also believe entrepreneurs, who have much more limited resources and leverage than major corporations, are better at compromise and subtle persuasion. Casiano: It is important to remember that gender diversity on corporate boards came years before ethnic diversity started to show its head.

☆ Ford recalling 18 electric F-150 Lightning pickup trucks after battery fire
▼ + stars: | 2023-03-10 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – Ford Motor is recalling 18 electric F-150 Lightning pickups that the company has identified as potentially having a battery cell defect that caused a truck to catch fire last month. A Ford spokeswoman declined to disclose how many trucks Ford has in holding that may have the issue. Ford said it is not aware of any reports of accident or injury related to the battery issue or recall. The F-150 Lightning is being closely watched by investors, as it's the first mainstream electric pickup truck on the market and a major launch for Ford. Ford initially opened customer reservations for the F-150 Lightning when it was revealed in May 2021.

☆ US Postal Service plans to buy 9,250 EV Ford delivery vehicles
▼ + stars: | 2023-02-28 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Postal Service (USPS) said Tuesday it plans to buy 9,250 Ford (F.N) E-Transit battery electric vehicles starting later this year and will also purchase an equal number of gasoline-powered models from Chrysler-parent Stellantis (STLAM.MI). Congress in August gave USPS $3 billion as part of a $430 billion climate bill to buy electric vehicles and charging infrastructure. USPS said it will also buy 9,250 2023 and 2024 model year Ram ProMaster vans from Chrysler-parent Stellantis "to fill the urgent need for vehicles." They are part of the 21,000 vehicles included in USPS December vehicle plan. Democratic Senator Gary Peters praised USPS for using funding to "quickly adopt more cost effective and energy efficient electric vehicles."

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