paintguy Posted February 25, 2021 Share Posted February 25, 2021 https://www.yahoo.com/finance/news/ford-ceo-calls-u-battery-211032208.html Isn't Tesla doing just that by itself and in cooperation with Panasonic? Statements like this and the "Ford CEO wishes Puma ST were offered in the US" makes you wonder who is really in charge. Leaders make things happen. Activists petition Government for help. 3 Link to comment Share on other sites More sharing options...
akirby Posted February 25, 2021 Share Posted February 25, 2021 Great Leaders do both. 6 Link to comment Share on other sites More sharing options...
slemke Posted February 25, 2021 Share Posted February 25, 2021 1 hour ago, akirby said: Great Leaders do both. Yup. Might as well grease the skids. Too bad there is a stigma associated with working with one party or the other. Barra got roasted for talking to Trump. She was just doing what was in the best interest of GM. 1 Link to comment Share on other sites More sharing options...
probowler Posted February 25, 2021 Share Posted February 25, 2021 50 minutes ago, slemke said: Yup. Might as well grease the skids. Too bad there is a stigma associated with working with one party or the other. Barra got roasted for talking to Trump. She was just doing what was in the best interest of GM. If you're not even willing or capable to have a dialogue with people who are different then you... You are the problem. 6 Link to comment Share on other sites More sharing options...
rmc523 Posted February 25, 2021 Share Posted February 25, 2021 3 hours ago, paintguy said: https://www.yahoo.com/finance/news/ford-ceo-calls-u-battery-211032208.html Isn't Tesla doing just that by itself and in cooperation with Panasonic? Statements like this and the "Ford CEO wishes Puma ST were offered in the US" makes you wonder who is really in charge. Leaders make things happen. Activists petition Government for help. Considering Puma came out before he was CEO, without plans to bring it to US, he can say that, while also (potentially) working to bring it here. Regarding batteries, he can also be working on a plan for batteries for Ford while also discussing government assistance - aside from the politics of it, it'd be stupid for him as CEO NOT to take advantage of government grants or whatnot if Biden is going to hand them out to fit the green/EV initiative. If given two options, option 1 is they build a 100M factory of their own paying the full price, or option 2 is they can build that same 100M factory, spending 60M of their own money, and the government throws in 40M, obviously option 2 is better (depending on strings, etc, of course), as that's 40M you don't have to spend. His point on a macro level is we need to make stuff in America so we don't get caught with our pants down any time a global issue happens. 8 Link to comment Share on other sites More sharing options...
akirby Posted February 25, 2021 Share Posted February 25, 2021 The best business plans can either be supported, enhanced or blocked by government policies and regulations. Favorable policies, laws and regulations both good for Ford and all other US mfrs and good for the US economy and in some cases, mandatory for national security. 2 Link to comment Share on other sites More sharing options...
rperez817 Posted February 25, 2021 Share Posted February 25, 2021 11 hours ago, akirby said: Great Leaders do both. Yes sir. Jim Farley is a great leader and a good businessman. Link to comment Share on other sites More sharing options...
jasonj80 Posted February 25, 2021 Share Posted February 25, 2021 9 hours ago, rmc523 said: Considering Puma came out before he was CEO, without plans to bring it to US, he can say that, while also (potentially) working to bring it here. Regarding batteries, he can also be working on a plan for batteries for Ford while also discussing government assistance - aside from the politics of it, it'd be stupid for him as CEO NOT to take advantage of government grants or whatnot if Biden is going to hand them out to fit the green/EV initiative. If given two options, option 1 is they build a 100M factory of their own paying the full price, or option 2 is they can build that same 100M factory, spending 60M of their own money, and the government throws in 40M, obviously option 2 is better (depending on strings, etc, of course), as that's 40M you don't have to spend. His point on a macro level is we need to make stuff in America so we don't get caught with our pants down any time a global issue happens. Exactly, however you missed a 25 Multiplier in your battery plant cost. Link to comment Share on other sites More sharing options...
rmc523 Posted February 25, 2021 Share Posted February 25, 2021 2 hours ago, jasonj80 said: Exactly, however you missed a 25 Multiplier in your battery plant cost. It was just an easy round number for examples sake. Link to comment Share on other sites More sharing options...
coupe3w Posted February 25, 2021 Share Posted February 25, 2021 You people do realize that government money is OUR money. The government doesn't make money it spends OUR money. 2 Link to comment Share on other sites More sharing options...
twintornados Posted February 25, 2021 Share Posted February 25, 2021 7 minutes ago, coupe3w said: You people do realize that government money is OUR money. The government doesn't make money it spends OUR money. Of course we do, it is just that if the Government is going to do that, they might as well invest in Ford. Link to comment Share on other sites More sharing options...
rmc523 Posted February 25, 2021 Share Posted February 25, 2021 44 minutes ago, coupe3w said: You people do realize that government money is OUR money. The government doesn't make money it spends OUR money. Obviously. But they're going to spend it how they want regardless. Link to comment Share on other sites More sharing options...
jpd80 Posted February 25, 2021 Share Posted February 25, 2021 1 hour ago, coupe3w said: You people do realize that government money is OUR money. The government doesn't make money it spends OUR money. Well run governments operate in surplus not debt...... 2 Link to comment Share on other sites More sharing options...
jasonj80 Posted February 25, 2021 Share Posted February 25, 2021 3 hours ago, jpd80 said: Well run governments operate in surplus not debt...... Fun fact, If a local municipality runs an excess surplus too long (like they are saving so they don’t have to bond for a future project) you’ll get a nasty letter from the State as to why you have so much money. Link to comment Share on other sites More sharing options...
rperez817 Posted February 26, 2021 Share Posted February 26, 2021 Executive order was signed by President Joe Biden today to address supply chain risks. Executive Order on America's Supply Chains | The White House Section about HV batteries for EV. " The Secretary of Energy, in consultation with the heads of appropriate agencies, shall submit a report identifying risks in the supply chain for high-capacity batteries, including electric-vehicle batteries, and policy recommendations to address these risks." Link to comment Share on other sites More sharing options...
tbone Posted February 26, 2021 Share Posted February 26, 2021 2 hours ago, jasonj80 said: Fun fact, If a local municipality runs an excess surplus too long (like they are saving so they don’t have to bond for a future project) you’ll get a nasty letter from the State as to why you have so much money. I’ve seen that before as a city councilman. Link to comment Share on other sites More sharing options...
jpd80 Posted February 26, 2021 Share Posted February 26, 2021 4 hours ago, jasonj80 said: Fun fact, If a local municipality runs an excess surplus too long (like they are saving so they don’t have to bond for a future project) you’ll get a nasty letter from the State as to why you have so much money. Similar situation elsewhere, I’d they don’t use the entire budgeted funds, next year gets cut to the level spent Link to comment Share on other sites More sharing options...
jpd80 Posted February 26, 2021 Share Posted February 26, 2021 2 hours ago, rperez817 said: Executive order was signed by President Joe Biden today to address supply chain risks. Executive Order on America's Supply Chains | The White House Section about HV batteries for EV. It makes sense when the government is actively encouraging electrification, batteries are a major foundation element Link to comment Share on other sites More sharing options...
probowler Posted February 26, 2021 Share Posted February 26, 2021 43 minutes ago, jpd80 said: Similar situation elsewhere, I’d they don’t use the entire budgeted funds, next year gets cut to the level spent Ditto for the people who wear camoflauge. The amount of waste I've seen and heard of is disgusting. Link to comment Share on other sites More sharing options...
Gurgeh Posted February 26, 2021 Share Posted February 26, 2021 12 hours ago, rperez817 said: Executive order was signed by President Joe Biden today to address supply chain risks. Executive Order on America's Supply Chains | The White House Section about HV batteries for EV. Woo hoo, they are going to study the problem! 1 Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted February 26, 2021 Share Posted February 26, 2021 42 minutes ago, Gurgeh said: Woo hoo, they are going to study the problem! They are about to have an empty building out in Romeo soon. Haven't heard any rumors but I don't see why it's not possible. 2 Link to comment Share on other sites More sharing options...
twintornados Posted February 26, 2021 Share Posted February 26, 2021 49 minutes ago, fuzzymoomoo said: They are about to have an empty building out in Romeo soon. Haven't heard any rumors but I don't see why it's not possible. Either batteries or EV drive motors... Link to comment Share on other sites More sharing options...
jasonj80 Posted February 26, 2021 Share Posted February 26, 2021 Windsor in pursuit of major battery plant | Windsor Star MacKenzie said he expects to have more talks in two to three weeks after the major international manufacturer seeking to set up the facility reviews the proposal. Windsor is the only Canadian jurisdiction bidding on the plant with other competition coming from the U.S. 1 Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted February 26, 2021 Share Posted February 26, 2021 (edited) 3 hours ago, twintornados said: Either batteries or EV drive motors... I'll have to go through and check but I remember Van Dyke being brought up as somewhere (possibly UAW contract) as a place to build EV motors. Edited February 26, 2021 by fuzzymoomoo Link to comment Share on other sites More sharing options...
bzcat Posted February 26, 2021 Share Posted February 26, 2021 (edited) 22 hours ago, jpd80 said: Well run governments operate in surplus not debt...... That's untrue if you ask an economist. Holding on tax revenue and not spending it is a gross mismanagement of fiscal policy. Govt are not business, you don't get to retain the earnings and return it as dividend to shareholders - you have to spend that money on public service or build public infrastructure because that's why you collect the taxes in the first place. Govt should not run a current account surplus, that's a sign bad governance. Govt should always run at a slight or moderate current account deficit because it has unique leverage to borrow money at rates not available to private entities. The US Govt is a special case because it also has the benefit of being in control of reserve currency so it can run a much larger deficit than most Govt. 18 hours ago, jasonj80 said: Fun fact, If a local municipality runs an excess surplus too long (like they are saving so they don’t have to bond for a future project) you’ll get a nasty letter from the State as to why you have so much money. That's probably because you are not familiar with Govt accounting. Local municipality should not be running a surplus - it really is an accounting policy violation if they do so state auditors have to flag it as a problem. Putting money away in reserve for a project is considered a spending item for Govt accounting so it is not a surplus. If they are getting a letter from the State auditors, it is because they haven't put that money in a reserve - i.e. it is just a slush fund that serves no purpose. Regarding Farley's comment, it is fairly obvious. The US needs to make battery production an industrial policy priority. Just like it did with fossil fuel extraction or growing corn and soybeans. This is not and shouldn't be a controversial point to make. Yes, it is a bit self-serving coming from Farley but you can read the same thing too coming from big argi-business or oil company CEOs about their industries. Edited February 26, 2021 by bzcat 2 Link to comment Share on other sites More sharing options...
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