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Ford Spending $11 Billion to Build Three U.S. Battery Factories

Ford Motor Co. and South Korea’s SK Innovation Co. plan to spend $11.4 billion to construct three battery factories and an assembly plant for electric F-Series pickup trucks in Tennessee and Kentucky, the biggest investment in the U.S. automaker’s history. Ford CEO Jim Farley talks to Bloomberg’s David Westin. (Source: Bloomberg)

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Ford Motor Co. and South Korea’s SK Innovation Co. plan to spend $11.4 billion to construct three battery factories and an assembly plant for electric F-Series pickup trucks in Tennessee and Kentucky, the biggest investment in the U.S. automaker’s history. Ford CEO Jim Farley talks to Bloomberg’s David Westin. (Source: Bloomberg)

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9 Comments

9 Comments

  1. 420KinK

    September 28, 2021 at 6:21 pm

    Haha. Propaganda 101. Ford going broke!

  2. dehoyos rudolph

    September 28, 2021 at 7:40 pm

    I like how he asked about building in a right to work state!

    • Jg Rsb

      September 28, 2021 at 8:08 pm

      I hope these factories will be technologically advanced and not need lots of workers in the first place. The workers they need will be programmers and skilled technicians. They will be highly educated not lunk head union members.

    • dehoyos rudolph

      September 28, 2021 at 8:38 pm

      @Jg Rsb I’m sure they were lunk heads before they joined a union!

    • Jg Rsb

      September 28, 2021 at 8:48 pm

      @dehoyos rudolph yes, but unions attract lunk heads.

    • 420KinK

      September 28, 2021 at 10:09 pm

      @Jg Rsb Unions are like the mob they just steal from the workers. Sure back in the day they were needed but now…. IDK about Ford but I would rather work at Tesla and get stock options and my FULL paycheque! Getting Ford stock would be a NEGATIVE of employment.

  3. Sohl Kim

    September 28, 2021 at 8:04 pm

    too late

  4. Jg Rsb

    September 28, 2021 at 8:06 pm

    I’m glad for Ford. I’m hoping the new factories are fully automated so they are more efficient.

  5. Ross Harris

    September 28, 2021 at 8:19 pm

    1 John 2:17 the World passing away and the gathering and assembling is God using the corporate world to eliminate their global system. Zephaniah 3:8.

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AI is fueling a new era of venture investing. Joe Lonsdale, managing partner at 8VC and co-founder of Palantir, discusses the firm’s record $1.5 billion fund, why startup rounds are getting bigger, and where he’s placing his bets on the next generation of defense tech and AI companies. He joins Ed Ludlow on “Bloomberg Tech.”
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Apple’s lawsuit accusing OpenAI of systematically stealing its intellectual property threatens to disrupt the AI company’s device ambitions long before the case is resolved. Bloomberg’s Mark Gurman joins Ed Ludlow on “Bloomberg Tech.”
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