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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16674105" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3745295-ford-ceo-114b-investment-boosts-ev-manufacturing-improves-supply-chain" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3745295-ford-ceo-114b-investment-boosts-ev-manufacturing-improves-supply-chain" target="_blank">Ford CEO: $11.4B investment boosts EV manufacturing, improves supply chain</a></p><ul> <li data-xf-list-type="ul">Jim Farley, president and CEO of Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>), said Tuesday that an $11.4B investment in electric-vehicle manufacturing capacity represents a bet on a new market, as well as an opportunity to create a local supply chain that reduces its reliance on overseas sourcing.</li> <li data-xf-list-type="ul"><strong><span style="color: rgb(209, 72, 65)">Speaking to CNBC, Farley also provided an update on the global computer chip shortage, saying that he expects supply bottlenecks to last until the end of next year.</span></strong></li> <li data-xf-list-type="ul">Ford announced Tuesday that <a href="https://seekingalpha.com/news/3745101-ford-sk-make-114b-ev-bet-with-new-electric-f-150-plant-three-battery-plants" target="_blank">it would invest $11.4B in an EV manufacturing facility and three battery plants</a>.</li> <li data-xf-list-type="ul">Farley reported that the program will lead to the construction of the biggest manufacturing facility in the history of the company, taking up six square miles.</li> <li data-xf-list-type="ul">The investment will fund the creation of an assembly plant, as well as facilities to both manufacture and recycle batteries.</li> <li data-xf-list-type="ul">Farley said part of the goal of the program was to keep component production local, so supply chain problems like the chip shortage would become less likely in the future.</li> <li data-xf-list-type="ul">"We are creating a local supply chain that's circular so that we don't have to rely on anyone," he said.</li> <li data-xf-list-type="ul">The Ford CEO noted that many customers for its electric vehicles are new to the company, a fact that encouraged it to build a new plant rather than rely on retrofitting older facilities.</li> <li data-xf-list-type="ul">He added that constructing a custom-designed facility also allowed it to keep the plant carbon neutral.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16674105, member: 137766"] [URL='https://seekingalpha.com/news/3745295-ford-ceo-114b-investment-boosts-ev-manufacturing-improves-supply-chain'] Ford CEO: $11.4B investment boosts EV manufacturing, improves supply chain[/URL] [LIST] [*]Jim Farley, president and CEO of Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]), said Tuesday that an $11.4B investment in electric-vehicle manufacturing capacity represents a bet on a new market, as well as an opportunity to create a local supply chain that reduces its reliance on overseas sourcing. [*][B][COLOR=rgb(209, 72, 65)]Speaking to CNBC, Farley also provided an update on the global computer chip shortage, saying that he expects supply bottlenecks to last until the end of next year.[/COLOR][/B] [*]Ford announced Tuesday that [URL='https://seekingalpha.com/news/3745101-ford-sk-make-114b-ev-bet-with-new-electric-f-150-plant-three-battery-plants']it would invest $11.4B in an EV manufacturing facility and three battery plants[/URL]. [*]Farley reported that the program will lead to the construction of the biggest manufacturing facility in the history of the company, taking up six square miles. [*]The investment will fund the creation of an assembly plant, as well as facilities to both manufacture and recycle batteries. [*]Farley said part of the goal of the program was to keep component production local, so supply chain problems like the chip shortage would become less likely in the future. [*]"We are creating a local supply chain that's circular so that we don't have to rely on anyone," he said. [*]The Ford CEO noted that many customers for its electric vehicles are new to the company, a fact that encouraged it to build a new plant rather than rely on retrofitting older facilities. [*]He added that constructing a custom-designed facility also allowed it to keep the plant carbon neutral. [/LIST] [/QUOTE]
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