SK On, a subsidiary of SK Innovation (096770.KS), opens new tab, which supplies automakers including Hyundai Motor (005380.KS), opens new tab and Kia Corp (000270.KS), opens new tab, said a Ford subsidiary will take full ownership of the battery plants in Kentucky, while SK On will assume full ownership and operate the Tennessee plant.
So, I guess Ford will take over the plants in Kentucky (closer to Louisville, which makes sense for CE1), and SK ON will take over the Tennessee plant. Doesn't bode well for BOC on the surface?
Ford discontinued its subcompact models in China (despite being a popular segment in the region), the Territory it exports is about as big as an Escape, but wider than an Edge at 76.2 inches. So far, no true subcompact Ford model for Asia and South America. Like Europe, small cars/CUVs are still popular in these markets.
Ford decided they want to focus on the Commercial market in the EU instead of cars. The VW partnership was about getting new product on the market, even though it missed the mark sales wise.
As for the rest of the world-looks like China will provide smaller cheap vehicles for ROW.
I'm guessing the CE1 will eventually rolled out to the EU and other parts of the world as needed.
If it will be a Bronco, it must be premium since Ford treats it like a Mustang, a premium iconic sub-brand.
Now look at Kia and its upcoming subcompact Seltos. That is how they treat their mainstream subcompact crossover. Far from boring.
I 100% think this is an interesting design for a mainstream model, far more interesting than the mainstream Escape which belongs to the higher compact segment.
Ford, the company that sacrificed its core ICE car models to develop EVs is now relying on other manufacturers for its EVs.
So Ford is trying to save itself in Europe with VW-platform models and soon, Ford platform small cars. What about for the rest of the world? All Ford's deals with other manufacturers are for European-built models intended for European consumption.
I was active in my Union before I retired (public sector - NYS) and used to hear all the time from the union detractors that "because of the union, employers cannot fire employees..." Which is 100% false, but the issue is, management didn't want to follow the steps for termination laid out in the CBA and would constantly screw it up. I have also seen where they followed the laid out steps and went through the due process and the employee was indeed terminated for cause...when I would get asked how could I defend a person that "I knew" was guilty of this or that, my reply was simply, "I am not defending their actions - I am defending their due process rights laid out in the CBA - THEY are defending their actions." I have seen plenty of union represented employees terminated - just gotta follow the rules (due process) you agreed to.