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Top related persons:
Jim Farley - 1 Ford - 1 Jim Cramer - 1 Farley - 1 Jim - 1 We're - 1 Jim Cramer's - 1 Rebecca Cook - 1
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Korean U.S Marshall , Michigan Romulus , Michigan Tennessee Kentucky South
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U.S . Energy Department - 2 SK - 2 Ford - 1 U.S - 1 Wall - 1 Blue - 1 SK — - 1 EV - 1

Search resuls for: "Blue Oval SK"


2 mentions found


☆ Ford's electric future looks bright, as the automaker doubles down on batteries and cuts costs
  + stars: | 2023-06-23 | by ( Paulina Likos | ) www.cnbc.com   time to read: +3 min
As CEO Jim Farley continues to rein in costs, Ford is preparing to enact a new round of layoffs in the coming weeks, according to a Wall Street Journal report Thursday. Nonetheless, news of the potential layoffs come after Farley told Jim this week that Ford still needs bring down costs at its EV division. The company has estimated its EV costs are roughly $7 billion higher than its competitors. F 1M mountain Ford stock performance month-to-date. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Farley, Ford, Jim Cramer, Farley, Jim, We're, Jim Cramer's, Rebecca Cook Organizations: Ford, U.S, Wall, U.S . Energy Department, SK, Blue, SK —, EV, it's EV, CNBC, Ford Motor Co, Amperex Technology Locations: Korean, U.S, Marshall , Michigan, Romulus , Michigan
☆ Ford, SK joint venture set to receive $9.2 billion US government loan for battery plants
  + stars: | 2023-06-22 | by ( ) www.reuters.com   time to read: 1 min
WASHINGTON, June 22 (Reuters) - The U.S. Energy Department on Thursday said it intends to loan a joint venture of Ford Motor (F.N) and South Korean battery maker SK On up to $9.2 billion to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky. The conditional commitment for the low-cost government loan for the Blue Oval SK joint venture comes from the government's Advanced Technology Vehicles Manufacturing (ATVM) loan program. SK On is a unit of South Korea's SK Innovation (096770.KS). The joint venture is building battery manufacturing facilities in Kentucky and Tennessee capable of collectively producing more than 80 gigawatt hours annually. Reporting by David Shepardson; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
Persons: David Shepardson, Toby Chopra Organizations: U.S . Energy Department, Ford Motor, SK, Blue Oval SK, Technology Vehicles Manufacturing, South Korea's SK Innovation, Thomson Locations: Korean, Tennessee, Kentucky, South
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