There are 61 article(s) tagged Ford Motor Co.:
The automaker on Tuesday, May 14, released more details about its investments in the $5.6 billion mega campus as the assembly plant at the Ford Tennessee Electric Vehicle Center takes shape.
As Ford Motor Co. inches closer to the 2025 opening of its BlueOval City megasite, the company’s philanthropic arm is investing in the West Tennessee communities on which Ford will rely for its workforce.
“Landing Ford Motor Co. created a ripple effect statewide as we continue to see Tier 1 suppliers like Avancez choosing to locate in Tennessee,” said the Tennessee Economic and Community Development commissioner.
Despite Ford’s commitment to West Tennessee, the largest single-investment in the state’s history, Memphis economist John Gnuschke said an ongoing strike could spell trouble.
In Memphis, members of the United Auto Workers union’s Local 2406 joined the strike with a picket line at AC Delco Distributing on Pleasant Hill Road on Friday, Sept. 22.
Working with third-party consultants, BlueOval SK conducted wage and benchmarking studies to determine employee pay and benefits.
Altogether, Canada-based Magna International plans to invest $790 million to create three facilities to supply parts for the campus near Stanton, Tennessee.
One of the world’s largest automotive suppliers will build the first two supplier facilities at Ford’s BlueOval City supplier park in Stanton, Tennessee.
By late 2026, Ford plans to produce 2 million electric vehicles annually across its global operations.
“Never in my life did I anticipate that there would be this happening in rural West Tennessee,” said Tennessee Gov. Bill Lee. “Welcome to one of the most exciting days celebrating one of the most exciting events in this region.” Ford to build next electric truck — Project T3 — at BlueOval CityRelated story:
Several mayors from West Tennessee had a discussion on Tuesday to get an idea for what is anticipated and the challenges they will face when BlueOval City moves into the region.
The real work is just starting for the municipalities within the impact crater of Ford Motor Co.’s new BlueOval City electric vehicle campus in Haywood County. How exactly are the surrounding communities going to react?
Among the street names is Piquette Drive, a reference to the Piquette Plant in Detroit where the first Ford Model T was produced.
Ford began the first phases of construction at BlueOval City during the past year, and the automaker has continued to expand its presence in West Tennessee.
This will be Ford’s ninth mobility innovation challenge since 2018.
Applicants with the most promising and innovative ideas will be selected to participate in a two-month-long virtual program starting in January.
In Tennessee, it was GOP business as usual following Tuesday’s midterm election. The legislature remains under total control by Republicans and Gov. Bill Lee cruised to reelection without breaking a sweat.
The suburb’s quality of life was part of the pitch made to Ford and SK innovation before they chose to invest in the Megasite of West Tennessee.
The grants, ranging between $25,000 and $100,000, will be available to local nonprofits and municipalities for capital improvements such as new playgrounds or renovated facilities.
Representatives of Ford Motor Co. held a panel in Jackson, Tennessee, to answer questions about BlueOval City, Ford’s planned $5.6 billion EV manufacturing facility in West Tennessee.
While crews began clearing the ground at the Megasite of West Tennessee as early as March, structural steel now represents the first phase of construction.
About 3,000 white-collar workers at Ford Motor Co. will lose their jobs as the company cuts costs to help make the long transition from internal combustion vehicles to those powered by batteries.
Ford has been working with the state, local institutions and community organizations to help create a pipeline of workers for the thousands of jobs that will be needed by 2025.
More than 70 years after founding its charitable arm, Ford Motor Co. has invested more than $2.2 billion in initiatives that provide basic needs and access to essential services, offer tools to build new skillsets and open pathways to employment.
Interior construction isn’t expected to begin until April 2023, with peak construction in the months that follow.