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Ford CEO Calls for U.S. Battery Production to Avoid Shortage


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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.

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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.

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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.

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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.

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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. 

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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. 

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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."

 

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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. 

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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

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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 by bzcat
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