Ford, South Korea to Invest $11.4 Billion to Add Electric F-150 Plant, Three Battery Factories

DETROIT/SEOUL—Ford Motor Co. and its Korean battery partner SK Innovation will invest $11.4 billion to build an electric F-150 assembly plant and three battery plants in the United States, accelerating the U.S. automaker’s push into electric vehicles. Ford said on Monday it now expects to have 40 percent to 50 percent of its global vehicle volume to be all-electric by 2030, up from its prior forecast of 40 percent. The companies intend to create nearly 11,000 jobs by opening assembly and battery plants in Stanton, Tennessee, and two additional battery factories in Glendale, Kentucky, as part of Ford’s previously announced plan to spend more than $30 billion through 2030 on electrification, Ford said. Plants on both sites will open in 2025. Monday’s announcement is the single largest manufacturing investment in Ford’s 118-year history. The Tennessee assembly and battery complex will be about three times the size of Ford’s sprawling, century-old …

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French Consumer Confidence Stronger Than Expected in September

Tue Sep 28 , 2021
PARIS—French consumer confidence improved more than expected in September as households’ concerns about unemployment eased, a monthly survey showed on Tuesday. The INSEE official statistics agency said its consumer confidence index rose to 102 from 99 in August, hitting its highest level since June. The improvement brought confidence back to […]
French Consumer Confidence Stronger Than Expected in September

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