Tag: Ford

‘Sustainable’ Electric Cars Are Getting Junked Over Minor Damage

Admin

Insurers are being forced to write off many electric vehicles with only minor damage to battery packs, sending the batteries to scrap yards and hindering the climate benefits of going electric, Reuters reported.

Battery packs typically represent roughly half the cost of an electric vehicle, sometimes costing tens of thousands of dollars, often making it more economical for insurers to consider a car as totalled than replace a battery pack, according to Reuters. While many carmakers, including Ford and GM, told Reuters that their battery packs were repairable, many are unwilling to share key data with third-party insurers to help assess damage.

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Youngkin Felt Rejected Ford Battery Plant Deal Was ‘Deceptive’ Effort to Dodge Intent of Inflation Reduction Act

Eric Burk

RICHMOND, Virginia – Governor Glenn Youngkin said Thursday that he felt that Ford’s partnership with Contemporary Amperex Technology Co., Ltd. (CATL) to build a battery factory potentially sited in Virginia seemed like an effort to dodge the intent behind the Inflation Reduction Act, and accused The Richmond Times-Dispatch of ignoring facts in reporting on his decision to block the economic development opportunity from going forward in the Commonwealth.

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Ford Lobbies Biden Admin to Ease Ban on Chinese Electric Vehicle Parts

Virginia Star Staff

Ford is urging the Treasury Department to ease restrictions placed on electric car parts sourced from China and other “entities of concern” to ensure more of its vehicles can qualify for the consumer tax credits included in the Democrats’ massive climate spending bill, Reuters reported Friday.

The Democrats’ $430 billion climate package, which President Joe Biden signed into law in August, prevents the $7,500 consumer tax credits from applying to new electric vehicles (EVs) if their battery materials were produced or assembled by a “foreign entity of concern” such as China. Ford is claiming that the restrictions, which were aimed at taking EV supply chains out of Chinese hands, are too strict and will not allow enough consumers to reap the benefits of the tax credit, according to Reuters.

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Virginia Receives $384,736 as Part of $19.2 Million Settlement with Ford over Deceptive Marketing

Eric Burk

Virginia will receive $384,736.40 as its share of a multi-state $19.2 million settlement with Ford over false advertising of fuel economy of 2013–2014 C-Max hybrid cars and the capacity of 2011–2014 Super Duty pickup trucks.

“Virginians should be able to trust car manufacturers’ information as advertised about their vehicles,” Attorney General Jason Miyares said in a Tuesday press release. “Ford exaggerated the C-Max hybrids’ fuel efficiency and Super Duty trucks’ payload capacity, misleading Virginia consumers. A key component of my office is protecting Virginia consumers, and I’m pleased we were able to reach a fair agreement with Ford.”

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Ford Reports Devastating Losses Thanks to Electric Vehicle Gamble

Virginia Star Staff

Major U.S. automaker Ford blamed its sizable investment in electric vehicle (EV) company Rivian for its dramatic revenue decline in the first quarter of 2022.

Ford reported revenue of $34.5 billion between January and March, a 5% decline relative to the same period in 2021, and a net loss of $3.1 billion, according to the company’s earnings report released Wednesday. The Detroit automaker said its large investment in Rivian accounted for $5.4 billion in losses during the first quarter.

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Commentary: President Biden Sides Against Union Rank-and-File

RealClearWire

While rank-and-file union members embraced President Trump, virtually every major union endorsed Joe Biden. A quietly issued Labor Department regulation helps explain this disconnect. President Biden has put union leaders first — even at the expense of union members.

Late last year, the Labor Department rescinded Trump Administration union transparency regulations. These regulations would have required union trust funds — like apprenticeship funds and strike funds — to disclose their receipts and expenditures.

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Commentary: Unions Aligning with America First

RealClearWire

After intense negotiations, the United Auto Workers secured a new agreement with Ford, General Motors, and their suppliers that effectively prohibits a vaccine mandate for employees by requiring only “voluntary” disclosure of vaccination status for union members. This hard-won validation for workers points to a larger opportunity for the America First movement and organized labor to acknowledge that they are natural allies.

On critical issues ranging from medical privacy to border security and foreign trade, the emerging populist and nationalist consensus of the New Right creates an obvious home for unionized Americans. The America First cause can, in turn, help revitalize private-sector unions and guarantee a more prosperous society for our country, with a stronger middle class through a better diffusion of economic and political power.

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Commentary: Tennessee Legislature Must Pass Big COVID Test in ‘Special Session’

The Epoch Times

The red state/blue state dichotomy is not simple.

Nowhere is that more apparent than Tennessee where—despite having one of the most conservative electorates in the country—the leadership has been passive at best in responding to the wishes of their supporters during these days of great crisis.

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Big Three Automakers Reinstate Mask Mandates for All Workers

Virginia Star Staff

America’s largest automobile manufacturers, along with United Auto Workers (UAW), will require all employees to wear masks again starting Wednesday.

The decision was made by a COVID-19 task force comprised of health officials from UAW, Ford, General Motors and Stellantis, which manufactures Dodge and Chrysler vehicles. All workers, both vaccinated and unvaccinated, have to wear masks at plants, office buildings, and warehouses, UAW announced in a statement Tuesday.

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