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☆ Analysis: For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt
▼ + stars: | 2023-06-22 | by ( Paul Lienert | ) www.reuters.com time to read: +5 min

[1/2] Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. REUTERS/Carlos Barria/File PhotoDETROIT, June 22 (Reuters) - As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice. But technological advances have also reduced the performance gap with more widely used materials such as nickel and cobalt. Ford Motor (F.N) aims to open a $3.5 billion LFP cell manufacturing plant in western Michigan, leveraging technology licensed from China’s CATL (300750.SZ), the world’s largest EV battery maker. The rapidly increasing adoption of LFP by EV manufacturers including Tesla and Hyundai suggests those companies “are not ready to decouple from China," Meng said.

Persons: Carlos Barria, Tesla, ”, Stanley Whittingham, Mujeeb Ijaz, “ We’ve, China’s, Jim Farley, Shirley Meng, Meng, Lukasz Bednarski, Bednarski, LFP, Whittingham, “, Paul Lienert, Matthew Lewis Organizations: Tesla, REUTERS, DETROIT, EV, Toyota, Hyundai, U.S, Binghamton University, Ford, University of Chicago, Argonne, Laboratory’s, Center for Energy Storage Science, New Energy, General Motors, Battery, Thomson Locations: Fremont , California, U.S, North America, New York, Michigan, Van Buren, China, United States, Norway, Israel, South Korea, EVs, Detroit

☆ Factbox: As electric cars take off, makers pledge $14.3 billion for US lithium iron phosphate
▼ + stars: | 2023-06-22 | by ( Paul Lienert | ) www.reuters.com time to read: +1 min

June 22 (Reuters) - Interest and investment in lithium iron phosphate (LFP) battery cells and materials, used to power electric vehicles, continue to climb in the United States. FORDFord Motor (F.N) is planning to open a $3.5 billion LFP manufacturing plant in 2026 in Marshall, Michigan, using technology licensed from China’s CATL (300750.SZ). GMGeneral Motors (GM.N) has announced a $3 billion LFP plant in Fort Wayne, Indiana, with partner Samsung SDI (006400.KS), to open in 2026. FREYRNorwegian battery startup Freyr (7XN.F) expects to open a $1.7 billion battery plant outside Atlanta, using technology from Aleees and 24M. ICLIsrael’s ICL Group (ICL.TA) has announced it will build a $400 million battery materials plant near St Louis, Missouri, to open in 2024.

Persons: China’s, FREYR, Paul Lienert, Matthew Lewis Organizations: FORD Ford Motor, GM General Motors, Samsung SDI, LG, ICL, Thomson Locations: United States, U.S, Marshall , Michigan, Fort Wayne , Indiana, KS, Holland , Michigan, Big Rapids , Michigan, FREYR Norwegian, Atlanta, Aleees, Michigan, Van Buren Township, St Louis , Missouri, Detroit

☆ Ford preparing for new round of layoffs for US salaried workers, Wall Street Journal reports
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

June 22 (Reuters) - Ford Motor (F.N) is preparing for a new round of layoffs for its salaried workers in the United States, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company in March last year announced plans to reduce structural costs of up to $3 billion at its gas-powered vehicle unit. In August, Ford said it would cut a total of 3,000 salaried and contract jobs, mostly in North America and India. Price hikes and strong demand for new vehicles have helped automakers counter some inflationary headwinds, though higher costs of raw material remain a challenge. Reporting by Nathan Gomes in Bengaluru; Editing by Maju Samuel and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Ford, Stellantis, Nathan Gomes, Maju Samuel, Devika Organizations: Ford, Wall Street, Detroit, General Motors, Thomson Locations: United States, North America, India, Bengaluru

☆ New technologies hurt car quality as EV brands fare poorly, J.D. Power says
▼ + stars: | 2023-06-22 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +3 min

Power's Initial Quality Study released Thursday. "The automotive industry is facing a wide range of quality problems, a phenomenon not seen in the 37-year history of the [Initial Quality Study]," said Frank Hanley, senior director of auto benchmarking at J.D. The 2023 Initial Quality Study found industry-wide problems per 100 vehicles rose by 12 to 192, on average. The top mass-market brands for initial quality were Dodge, Ram and Buick. The company conducts separate surveys to rank brands by long-term dependability, the appeal of their new vehicles' features and car buyers' purchasing experiences across brands.

Persons: Frank Hanley, Tesla, — Dodge, Ram, Alfa Romeo —, Polestar, General Motors, Korea's, Alfa, aren't, Power, It's Organizations: Volvo, Tesla, U.S, General, Chevrolet, GMC, Buick, Cadillac, Ford, Lincoln, Korea's Hyundai, Kia, longtime paragon, Toyota, Porsche Locations: .

☆ Ford-SK venture to get $9.2 billion US loan for battery plants
▼ + stars: | 2023-06-22 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, June 22 (Reuters) - The U.S. Energy Department plans to lend up to $9.2 billion to a joint venture of Ford Motor (F.N) and South Korea's SK On to help it build three battery plants in Tennessee and Kentucky. The conditional commitment for the low-cost government loan for the BlueOval SK joint venture comes from the government's Advanced Technology Vehicles Manufacturing (ATVM) loan program. The joint venture is building three battery manufacturing facilities in Kentucky and Tennessee capable of collectively producing more than 120 gigawatt hours annually, the Energy Department said. This is the sixth loan for battery supply chain projects from the ATVM program. Last year, the department awarded a joint venture of General Motors (GM.N) and LG Energy Solution (373220.KS) $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities.

Persons: Jigar Shah, Dave Webb, Robert Rhee, Ford, Jim Farley, Tesla, David Shepardson, Toby Chopra, David Evans, Alexander Smith Organizations: U.S . Energy Department, Ford Motor, Korea's SK, BlueOval SK, Technology Vehicles Manufacturing, SK, South Korea's SK Innovation, Energy Department, Energy, Ford, Lincoln, Republican, Republicans, Biden, General Motors, LG Energy, Ultium Cells, Thomson Locations: Tennessee, Kentucky, South, United States, KS, Ohio , Tennessee, Michigan, Fremont , 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

☆ Analysis: Auto firms race to secure non-Chinese graphite for EVs as shortages loom
▼ + stars: | 2023-06-21 | by ( Eric Onstad | ) www.reuters.com time to read: +6 min

Auto firms have been slow to plan for graphite shortages, focusing mainly on better-known battery materials lithium and cobalt, even though graphite is the largest battery component by weight. Graphite shortages are expected to rise in coming years, with a global supply deficit of 777,000 tonnes expected by 2030, Project Blue projections showed. China produces 61% of global natural graphite and 98% of the final processed material to make battery anodes, BMI said. Agreeing graphite supply deals is complex, requiring extensive safety testing for material going into each model of EV that can take up to three years. Natural graphite anodes tend to be cheaper and are beneficial for cell capacity and power output, allowing cars to run further distances before charging.

Persons: Tomas Bergman, Handout, there's, Mark Thompson, Australia's, Northvolt, Thompson, Talga, Mercedes, Brent Nykoliation, Tesla, George Miller, Reitumetse, Eric Onstad, Veronica Brown, Sharon Singleton Organizations: Talga Group, Reuters, Mercedes, Auto, Australia's Talga, BMO Capital Markets, Benchmark Mineral Intelligence, BMI, Reuters Graphics, Toyota, Ford, Tesla Inc, Toyota Motor Corp, Ford Motor, Benz, Renault, NextSource, Syrah Resources, Magnis Energy Technologies, U.S, European Union, Thomson Locations: Norrbotten, Sweden, China, Madagascar, Mozambique, United States, Europe, U.S, Mauritius, CHINA, Western

☆ CEOs do matter when picking stocks. 5 things we look for in a leader and examples from our portfolio
▼ + stars: | 2023-06-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

It's not unusual for a company's stock price to soar — or sink — on news of a CEO shakeup. So, CEOs matter when picking stocks — and at the Club, these are the five things we look for when evaluating the leaders of our holdings. A stock's day-to-day and even month-to-month performance may not truly reflect how well a CEO is leading a company. Trust has value, and the stocks of companies led by reputable CEOs with competent management teams can trade at premium valuations. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Mary Dillon, Locker, J im Cramer, buybacks, Rainer Blair, —, Kevin Johnson, Marc Benioff, Mark Zuckerberg, Zuckerberg, we've, Bruce Broussard, Humana, Jeff Smith's, Craig Jelinek, who's, that's, Jelinek, it'd, Andy Jassy, Tim Cook, he's, Cook, Jim Cramer's, Dan Schulman, Sanjiv Lamba, Linde, Lamba, Eli Lilly, Dave Ricks, Eli Lilly's, Jim, Lilly, Jim Farley, Farley, Elon Musk's Tesla, Ford, LLY, Jim Cramer, Spencer Platt Organizations: Club, McKinsey & Co, Natural Resources, GE Life Sciences, SVB Securities, Starbucks, Humana, Bain & Co, Costco, CNBC, Apple, Amazon's, Football, MGM, Management, PayPal, Linde, LIN, Ford Motor, Wall, EV, Ford, The New York Stock Exchange, Financial, Getty Locations: U.S, Manhattan, New York City

Fed Governor Christopher Waller warned on Friday "core inflation is not coming down like I thought it would." Richmond Fed President Thomas Barkin said he was "comfortable" with further rate increases given that inflation was still not on the path back to 2%. Markets now await comments from more Fed officials including Fed Vice Chair Michael Barr later in the day, and Fed Chair Jerome Powell's semiannual monetary policy testimony to the U.S. House Financial Affairs Committee on Wednesday. Adding to the dour mood, China cut its benchmark lending rates by a smaller-than-expected 10 basis points. U.S.-listed shares of Chinese companies including Alibaba Group , JD.com and PDD Holdings (PDD.O) fell between 1% and 6% in premarket trading.

Persons: Eli Lilly, Christopher Waller, Thomas Barkin, CMEGroup's, Waller, Barkin, Michael Barr, Jerome Powell's, Powell, Hogan, Daniel Zhang, Shristi Achar, Shubham Batra, Johann M, Vinay Dwivedi Organizations: Therapeutics, Dow, Nasdaq, Federal Reserve, Richmond Fed, Traders, Microsoft, U.S . House Financial, Housing, Capitol, Riley, Fed, Alibaba, PDD Holdings, Dow e, Adobe Inc, Ford, General Motors, Tesla Inc, Dice Therapeutics, Thomson Locations: China, U.S, Bengaluru

☆ The market is still overbought, and Cramer is 'still in sell mode.' But that could change
▼ + stars: | 2023-06-20 | by ( Christopher Alessi | In | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 'Still in sell mode' Stay bullish on Nvidia Watch Ford 1. 'Still in sell mode' Stocks started the holiday-shortened trading week under pressure Tuesday, even as technology companies continued to outperform. "I'm still in sell mode," he said. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Stocks, it's, I'm, Jerome Powell, Jim, NVDA, Ford Jim, Jim Farley, Farley, Jim Cramer's Organizations: CNBC, Nvidia Watch Ford, Nasdaq, Federal Reserve, Capitol, Nvidia Evercore ISI, Nvidia, Club, Ford Locations: Dearborn , Michigan

☆ US lawmakers to press automakers to cut reliance on China over supply chains- Bloomberg
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

[1/2] The GM logo is seen on the China Headquarters in Shanghai, China, August 29, 2022. REUTERS/Aly SongWASHINGTON, June 19 (Reuters) - A bipartisan group of U.S. lawmakers will travel to Detroit on Tuesday to press the heads of automakers Ford Motor (F.N) and General Motors (GM.N) to slash reliance on China over supply chains, particularly when it comes to electric vehicle batteries, Bloomberg reported. The four lawmakers - Republicans Mike Gallagher and John Moolenaar, and Democrats Raja Krishnamoorthi and Haley Stevens - are part of the newly formed House of Representatives China Select Committee. They will argue that dependence on China over supply chains undercuts U.S. firms, Bloomberg reported on Monday, citing a source familiar with the matter, adding the lawmakers would meet Ford CEO Jim Farley and GM CEO Mary Barra, among other executives. Reporting by Kanishka Singh in Washington; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly Song WASHINGTON, Mike Gallagher, John Moolenaar, Raja Krishnamoorthi, Haley Stevens, Jim Farley, Mary Barra, Antony Blinken, Xi Jinping, Kanishka Singh, Sandra Maler Organizations: REUTERS, Ford Motor, General Motors, Bloomberg, China, Ford, U.S, Thomson Locations: China, Shanghai, U.S, Detroit, Beijing, Washington

Electric vehicles drove that change. In the first quarter of 2023, Russians purchased more Chinese cars than Lada, the beloved Soviet-era marque. That helps Chinese manufacturers churn out an electric vehicle for around 10,000 euros less than European competitors, according to Grant Thornton. Among the growing list of unwelcoming policies, the European Commission’s trade defence unit is considering ways to stem the tide of Chinese electric vehicle imports, according to Politico. How far China’s carmakers can make inroads further West will be decided by much more than assessments of their competency.

Persons: Bill Russo, Nio, Grant Thornton, Bernstein, Emmanuel Macron, CATL, Una Galani, Thomas Shum Organizations: Reuters, HK, Volkswagen, World Trade Organization, International Energy Agency, Global Times, Beijing, Lada, Chery, Amperex Technology, Politico, Ford Motor, Toyota, Nissan, Twitter, Thomson Locations: HONG KONG, BYD, People’s Republic, Europe, China, Shanghai, Hong Kong, New York, Japan, London ., European, United States, North America, France, Thailand, West

☆ U.S. lawmakers to urge automakers to cut their reliance on China
▼ + stars: | 2023-06-19 | by ( ) www.cnbc.com time to read: +2 min

A bipartisan group of U.S. lawmakers will urge the CEOs of Ford Motor and General Motors to shrink reliance on China auto parts, particularly electric vehicle batteries, sources told Reuters on Monday. The focus on Chinese auto parts comes soon after U.S. Secretary of State Antony Blinken made a rare visit to Beijing and hours of meetings failed to produce any major breakthroughs. The $430 billion Inflation Reduction Act (IRA) signed by President Joe Biden in August aims to wean U.S. EV production from Chinese supply chains by imposing new conditions on EV tax credits. Ford's deal announced in February to use technology from Chinese battery company CATL as part of the automaker's plan to spend $3.5 billion to build a battery plant in Michigan has drawn criticism from some lawmakers. Republican Senator Marco Rubio has asked the Biden administration to block EV tax credits for batteries produced using Chinese technology.

Persons: Bolt, Tesla, Jim Farley, Mary Barra, Mike Gallagher, John Moolenaar, Raja Krishnamoorthi, Haley Stevens, Antony Blinken, Ford, Gallagher, Joe Biden, Ford's, Marco Rubio, Biden Organizations: Ford, Ford Motor, General Motors, Reuters, China, Bosch, Energy, U.S, Republican, Bloomberg Locations: Orion Township , Michigan, EVs, U.S, China, Detroit, Continental, Beijing, Shanghai, American, Michigan

☆ US can't yet compete with China on EVs, Ford chairman tells CNN
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

June 18 (Reuters) - Ford Motor (F.N) Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. And now they're exporting them," Ford told CNN's 'Fareed Zakaria GPS' Sunday program. "They're not here but they'll come here we think, at some point, we need to be ready, and we're getting ready," Ford said. Bill Ford, who is the great-grandson of company founder Henry Ford, said in the program that the Michigan battery plant is a chance for Ford engineers to learn the technology and then use it themselves. Ford CEO Jim Farley said in May that Chinese electric vehicle makers are its main rivals in the sector, and that Ford needs distinctive branding or lower costs to beat Chinese automakers.

Persons: Bill Ford, Ford, CNN's, Fareed Zakaria, we're, Marco Rubio, Biden, Henry Ford, Jim Farley, Rishabh Jaiswal, Bharat Govind Gautam, Diane Craft Organizations: Ford, Toyota, Thomson Locations: United States, China, Michigan, Bengaluru

☆ 'You have to be ready for a sell-off,' Cramer says of this highly overbought market
▼ + stars: | 2023-06-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Be ready for a sell-off Stick with Ford Don't invest based on fear 1. Be ready for a sell-off U.S. stocks rose Friday, adding to strong weekly performances for all three major Wall Street benchmarks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Ford, We're, Jim, Ford Jim, he's, Tesla, Jim Farley, Jim Cramer's Organizations: CNBC, Nasdaq, Dow, Linde, LIN, Ford, Wall Street, UnitedHealth, Humana, Medicare Locations: Detroit

☆ Ford CFO sees supply disruptions easing, retail prices softening
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

June 15 (Reuters) - Supply-chain disruptions are easing as retail prices for vehicles are softening, a top Ford Motor (F.N) executive said on Thursday. Lawler said Ford's recent decision to join Tesla's EV charging network will not require additional capital investment on Ford's part. Owners of Ford electric vehicles will gain access to more than 12,000 Tesla Superchargers in North America, starting in early 2024. General Motors (GM.N) last week followed Ford's lead in joining the Tesla charging network. Lawler said Ford sees continued strength and growth in its combustion vehicles "for the next few years" as it ramps up investment in and production of electric vehicles.

Persons: John Lawler, it's, Lawler, Tesla, Ford's, Ford, Tesla's, Shivansh, Paul Lienert, Joseph White, Matthew Lewis Organizations: Ford, Deutsche Bank, company's Ford Pro, EV, General Motors, New York Stock Exchange, Thomson Locations: North America, Bengaluru, Detroit

☆ Here’s our Monthly Meeting rapid-fire update on all 35 stocks in the Club’s portfolio
▼ + stars: | 2023-06-14 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 35 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. In fact, he named Disney as the best Club stock to gift to a young grandchild. CEO Jim Farley's focus on only making profitable cars and trucks will be put to the test in the current quarter. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Jim, Apple's, there's, Bausch, Estee Lauder, Fabrizio Freda, Berenberg, he's, Jim Farley's, Ford, Locker, Foot Locker's, Mary Dillon's, Patience, we're, Vimal Kapur, Johnson, J, Eli Lilly, Eli Lilly's, Mark Zuckerberg, Morgan Stanley, We're, James Gorman, enabler, aren't, Scott Sheffield, Coterra, PXD, Jim said, Stanley Black, Decker, TJ Maxx, Wells Fargo, Charlie Scharf's, Scharf, Wells, Wynn, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon Web Services, Bausch Health, Caterpillar, Costco Wholesale, Costco, Humana, Coterra Energy, Disney, Emerson, Emerson Electric, National Instruments, Ford, Management, GE Healthcare, Halliburton, HAL, Honeywell, Johnson, Linde, LIN, Meta, underwriters, Cava, Microsoft, Palo Alto Networks, Natural Resources, Procter & Gamble, Constellation Brands, Modelo Especial, U.S, TJX, Marshalls, Home Goods, Wynn Resorts, WYNN, Starbucks, Las, Jim Cramer's Charitable Locations: Asia, China, California, Mounjaro, Palo, Wells, Las Vegas, Macao

☆ Stellantis says it is evaluating Tesla's charging standard
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: 1 min

BERKELEY, California, June 13 (Reuters) - Automaker Stellantis (STLAM.MI) said on Tuesday that it continues to evaluate Tesla's charging standard after Ford Motor Co (F.N) and General Motors Co (GM.N) said they were adopting it. "At this time, we continue to evaluate the NACS standard and look forward to discussing more in the future," Stellantis said in a statement to Reuters, referring to Tesla's charging design, the North American Charging Standard (NACS). "Our focus is to provide the customer the best charging experience possible. Our Free2Move Charge brand will offer seamless, simple solutions whether at home or on-the-go through partnerships with charging providers," it said. Reporting by Joe White and Hyunjoo Jin; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Stellantis, Joe White, Jin, Jonathan Oatis Organizations: Ford Motor, General Motors Co, American, Thomson Locations: BERKELEY, California

This should enable the automaker to reap tens of billions of dollars in additional profit, according to Reuters estimates, before it shifts completely to zero-emission electric vehicles in 2035. It never said when exactly it would stop producing gasoline-powered trucks and SUVs, though suppliers and analysts expected it would be well before 2035. GM plans to run its heavy-duty combustion pickups at both plants until 2035, according to AFS, which provides data and analysis to vehicle manufacturers and suppliers. The automaker will gradually reduce annual production of its big SUVs in Arlington as it begins to introduce new electric companions, starting around mid-decade. By 2030, AFS forecasts Arlington production could drop to around 200,000 vehicles, which could still produce at least $2 billion in pretax earnings.

Persons: Paul Jacobson, “, Jim Farley, May, Michael Ward, ” Ward, Paul Lienert, Joe White, Matthew Lewis Organizations: DETROIT, General Motors, GM, Reuters, U.S, United Auto Workers, ICE, Chevrolet Silverado, Ford, SEC, Arlington, AutoForecast Solutions, Ward, Benchmark, GMC, Silverado, GMC Sierra, AFS, Yukon XL, Thomson Locations: United States, Canada, Flint , Michigan, Arlington , Texas, Fort Wayne , Indiana, Oshawa , Ontario, Flint, Fort Wayne, Arlington, Oshawa, Suburban, Yukon, Ward, Detroit

Reuters GraphicsThe last time Tesla's job ads dipped by that magnitude, was in November, and the decline accelerated over the next three months, with Musk warning in January he expected a "pretty difficult recession". The job ads provide a glimpse of trends within the company's hiring policy, but do not offer details about absolute numbers of new hires or attrition. At that time, job ads on Tesla's U.S. website fell sharply over the next two months before rebounding in late 2022. That shows the company continues to recruit, keeping total job ads on its website near highs. Tesla has also removed a slightly larger number of job ads during that time, leaving it with almost 7,600 job ads across its U.S. career website.

Persons: Tesla, Elon Musk, Musk, Let's, Robert Lutts, Reuters Graphics Tesla, Noel Randewich, Jin, Anna Driver Organizations: FRANCISCO, Reuters, Cabot Wealth Management, Reuters Graphics, Ford Motor, General Motors, Meta, Microsoft, Amazon, Reuters Graphics Reuters, Manufacturing, Engineering, Information Technology, Service, Robotics, Thomson Locations: United States

☆ Analysis: EV charger makers guardedly look to adopt Tesla standard
▼ + stars: | 2023-06-12 | by ( Abhirup Roy | ) www.reuters.com time to read: +5 min

The White House said on Friday that EV charging stations that offer Tesla plugs would be eligible for billions of dollars in federal subsidies as long as they included CCS connectivity. The White House aims to spur deployment of hundreds of thousands of chargers, which it sees as integral to EV adoption. The person, who now works for a charging company, is not authorized to speak to the media and declined to be named. The company that is developing CCS chargers, is "reviewing" its strategy because of the Tesla-GM deal. Logvinov, who is also chief executive of EV charging parts supplier IoTecha, said CCS was worth backing because it had worked for more than a decade with multiple vendors.

Persons: Biden, Tesla, Asaf Nagler, Ashley Horvat, BLNK.O, Jonathan Levy, Aatish Patel, Patel, Superchargers, Oleg Logvinov, Abhirup Roy, Hyunjoo Jin, Jarrett Renshaw, Sayantani Ghosh, Jonathan Oatis Organizations: Ford, GM, Tesla Inc, Tesla's, EVgo Inc, ABB, America, ABB Ltd, Schneider, EV, Ford Motor Co, General Motors Co, ChargePoint Holdings, Reuters, Tesla, CharIN, Logvinov, IoTecha, Thomson Locations: U.S, Swiss, America, CharIN North America, San Francisco, Philadelphia

☆ 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

June 9 (Reuters) - The White House on Friday said electric-vehicle charging stations using Tesla (TSLA.O) standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well. The statement follows separate announcements by U.S. automakers Ford Motor (F.N) and General Motors (GM.N) that they were adopting the Tesla model of charging, known as the North American Charging Standard (NACS). Tesla shares rose 4.1%. Some of them said on Friday that they would work to adapt to the Tesla standard. [1/2] Tesla charging stations are pictured in a parking lot in Shanghai, China March 13, 2021.

Persons: Biden, Tesla, Robyn Patterson, Patterson, Tesla's, Oleg Logvinov, Aly, Logvinov, Sam Houston, Danni Hewson, AJ Bell, Blink, Jonathan Levy, We've, They've, Asaf Nagler, ChargePoint, Jarrett Renshaw, Abhirup Roy, Hyunjoo Jin, Chavi Mehta, Bhanvi, Sayantani Ghosh, David Gaffen, Peter Henderson, Matthew Lewis Organizations: U.S, Ford Motor, General Motors, American, CCS, Analysts, Ford, GM, EV, Reuters, Volkswagen, Hyundai Motor, Kia, IoTecha, REUTERS, CharIN, Union of Concerned, Tesla, ABB, America, Thomson Locations: United States, Shanghai, China, CharIN North America, Swiss, Philadelphia, San Francisco, Bengaluru

☆ White House welcomes Tesla to take advantage of federal dollars
▼ + stars: | 2023-06-09 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +5 min

June 9 (Reuters) - The White House on Friday said electric-vehicle charging stations using Tesla (TSLA.O) standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well. Tesla shares rose as much as 7.5% on Friday but pared gains to close 4.1% higher at $244.40. Analysts said the Ford and GM news was a big win that could make Tesla Superchargers an industry standard in the United States. GM and Ford shares closed up 1.1% and 1.3%, respectively. Musk on Friday said in a tweet it would be "ideal" for Tesla chargers to need only CCS adapters to meet federal charging standards.

Persons: Biden, Tesla, Robyn Patterson, Patterson, Tesla's, Sam Houston, Danni Hewson, AJ Bell, Blink, Jonathan Levy, ChargePoint, Musk, Jarrett Renshaw, Hyunjoo Jin, Abhirup Roy, Chavi Mehta, Bhanvi, Sayantani Ghosh, David Gaffen, Peter Henderson, Matthew Lewis Organizations: U.S, Ford Motor, General Motors, American, CCS, Ford, GM, EV, Reuters, Volkswagen, Hyundai Motor, Kia, Union of Concerned, Tesla, Elon, Thomson Locations: United States, Philadelphia, San Francisco, Bengaluru

☆ One of our recent top-performers is not in tech. Here's how the stock has been creeping higher
▼ + stars: | 2023-06-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

It's Ford (F), whose stock has jumped 15% since its $12-per-share close on May 8. F 1M mountain Ford Motor's stock performance over the past month. When granted access, current electric vehicles from Ford and GM will have to use an adapter at Tesla's charging stations. "They have to adopt at this point," suggesting they'll also likely have to rely on a Tesla partnership. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: It's Ford, Tesla, Wall, Ford, Gene Munster, Munster, they'll, we've, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: Nasdaq, Ford, General Motors, GM, EV, Deepwater Asset Management, CNBC, Tesla, Wall Street, Management, Ford Motor Co, Washington Auto, Washington , D.C, Bloomberg, Getty Locations: —, Washington ,

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