Hints and tips:
Related Special Reports
...Ford and GM have announced major long-term supply deals with US chipmaker GlobalFoundries, which is expanding production with $1.5bn in Chips Act funds....
...GM has one battery joint venture in Lordstown, Ohio, and another three are planned or are under construction....
...GM, LGES’s joint venture partner in an Ohio battery plant and two more under construction, said on Tuesday it was slowing its EV strategy to focus on profitability and delaying production of several models...
...That includes cutting some production of the Mustang Mach-E and delaying construction on one of two joint-venture battery plants planned in the state of Kentucky....
...GM halted the division’s work and regulators are investigating the case....
...The laid-off employees worked in the plant’s body construction department and a sub-assembly area for metal stamping. “This is not a lockout,” Ford said....
...“Construction spending on new manufacturing plants has surged, doubling over the past year to reach $190bn by April 2023.”...
...One of its battery subsidiaries has signed a deal with BorgWarner, the US-listed supplier to GM, Ford and Stellantis....
...GM-owned Cruise and Amazon-owned Zoox are both based there, while Alphabet-owned Waymo has been testing there for years....
...The South Korean company, which supplies EV batteries to Tesla, GM, Ford and Volkswagen, said on Wednesday its operating profit dropped to Won196bn ($149.5mn) in the April-June period, from Won724bn a year...
...Newer clubs are under construction in the ski resort of Snowbasin, Utah, and San Sicario, near Sestriere in Italy....
...Recent joint ventures and US operations with GM and Honda increase its footprint there....
...The move comes as US states and municipalities have granted some $5.1bn since 2002 in subsidies to Tesla, Ford and General Motors geared towards the construction and transformation of EV and battery plants...
...Last month, GM announced $650mn to develop the Thacker Pass mine in Nevada, the US’s largest known source of lithium....
...It tends to be faster and cost less than new construction. It also entails fewer zoning issues....
...(China only uses GM cotton at this point.)...
...Public subsidies for the construction of EV and battery plants are ballooning around the country....
...I got a call over the weekend from a real estate agent who I interviewed a few months ago about the construction boom near Taiwan Semiconductor Manufacturing Co.’s planned chip plant in the southern Taiwanese...
...What matters more is the scale of demand and the company’s ability to increase production while rivals including Ford and GM race to do the same. Demand is high....
...GM is building four battery cell plants in the US, with factories already under construction in Lordstown, Ohio and Spring Hill, Tennessee. Battery plants are more expensive than assembly plants....
...Construction is a major production, it’s like making a movie, you’re producing, directing, acting and when it’s finished you think, I can’t believe I did that.”...
...A GM spokesman pointed to the company’s new line of electric delivery trucks called BrightDrop, adding “we will certainly leverage other markets as we scale our business”....
...A very similar situation is happening in construction and the meat processing industry, where structural shortages of skilled labour that were visible before Brexit and Covid-19 have become acute, with no...
...Beijing is using it to plan autonomous transportation, hydropower dam construction, and the social credit system, as well as to manage corporate governance issues....
...Hota also supplies automotive transmission parts to Ford, GM, BMW, Mercedes-Benz, Volvo and McLaren....
International Edition