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SVTPerformance's Chain of Restaurants
Road Side Pub
There's no firm timeline, but Ford is 'working toward' selling only EVs in the U.S.
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<blockquote data-quote="VRYALT3R3D" data-source="post: 16625980" data-attributes="member: 131770"><p>Probably but Wall Street is liking it...so its helping the bottom line.</p><p></p><p>This is from a press release on Ford's website:</p><p></p><p><a href="https://media.ford.com/content/fordmedia/fna/us/en/news/2021/05/26/capital-markets-day.html" target="_blank">WALL STREET LOVES FORD’S GROWTH PLAN</a></p><p><a href="https://media.ford.com/content/fordmedia/fna/us/en/news/2021/05/26/capital-markets-day.html" target="_blank"></a></p><p>Ford is making headlines with the new growth plan, what it calls Ford +, that it just laid out. What seems to be grabbing most people’s attention is its boost in spending on electrification. Ford will invest $30 billion into EVs by 2030, which is a third more than what was previously announced. We wouldn’t be surprised if the popularity of the all-electric F-150 helped influence the decision. It says it now has more than 70,000 reservations for the Lightning. It will also electrify nearly every model in its lineup and anticipates 40% of its global volume to be all-electric by 2030. In order to power all of those EVs, Ford is bringing more battery development under its wings. It plans to have a range of EV batteries that it will call IonBoost. They’ll consist of lithium ion, lithium iron phosphate for commercial applications and long-range, low-cost solid state batteries that it’s developing with Solid Power. Ford will also build battery cells at two plants in the U.S. from its joint venture with SK Innovation, which is called BlueOvalSK, to use in future vehicles. Another big aspect of Ford’s plan is how it interacts with customers. It wants to make everything easier from getting a vehicle serviced to reducing the time it takes to purchase a vehicle or extend a lease. Huge focus is being put on its commercial customers <a href="https://media.ford.com/content/fordmedia/fna/us/en/news/2021/05/26/ford-pro.html" target="_blank">with the launch of Ford Pro</a>, a one-stop-shop for repair, charging and data services. It’s all about keeping vehicles on the road, reducing complexity for customers and ultimately making everybody a little bit of money. And Wall Street loved what Ford was saying. It’s stock jumped 8.5% yesterday to almost $14.00 a share, which is more than double what it was in October of last year when new CEO Jim Farley took over.</p></blockquote><p></p>
[QUOTE="VRYALT3R3D, post: 16625980, member: 131770"] Probably but Wall Street is liking it...so its helping the bottom line. This is from a press release on Ford's website: [URL='https://media.ford.com/content/fordmedia/fna/us/en/news/2021/05/26/capital-markets-day.html']WALL STREET LOVES FORD’S GROWTH PLAN [/URL] Ford is making headlines with the new growth plan, what it calls Ford +, that it just laid out. What seems to be grabbing most people’s attention is its boost in spending on electrification. Ford will invest $30 billion into EVs by 2030, which is a third more than what was previously announced. We wouldn’t be surprised if the popularity of the all-electric F-150 helped influence the decision. It says it now has more than 70,000 reservations for the Lightning. It will also electrify nearly every model in its lineup and anticipates 40% of its global volume to be all-electric by 2030. In order to power all of those EVs, Ford is bringing more battery development under its wings. It plans to have a range of EV batteries that it will call IonBoost. They’ll consist of lithium ion, lithium iron phosphate for commercial applications and long-range, low-cost solid state batteries that it’s developing with Solid Power. Ford will also build battery cells at two plants in the U.S. from its joint venture with SK Innovation, which is called BlueOvalSK, to use in future vehicles. Another big aspect of Ford’s plan is how it interacts with customers. It wants to make everything easier from getting a vehicle serviced to reducing the time it takes to purchase a vehicle or extend a lease. Huge focus is being put on its commercial customers [URL='https://media.ford.com/content/fordmedia/fna/us/en/news/2021/05/26/ford-pro.html']with the launch of Ford Pro[/URL], a one-stop-shop for repair, charging and data services. It’s all about keeping vehicles on the road, reducing complexity for customers and ultimately making everybody a little bit of money. And Wall Street loved what Ford was saying. It’s stock jumped 8.5% yesterday to almost $14.00 a share, which is more than double what it was in October of last year when new CEO Jim Farley took over. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
There's no firm timeline, but Ford is 'working toward' selling only EVs in the U.S.
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