Ford CEO Jim Farley said on Tuesday the automaker will need to build more components for electric vehicles in its own factories so 'everyone has a role' in the future.
CEO Jim Farley has brought in executives from outside the auto industry to lead electrification and software development efforts, but said Ford must do a better job of developing managers from within its ranks.Ford CEO Jim Farley said on Tuesday the automaker will need to build more components for electric vehicles in its own factories so"everyone has a role" in the future.
Electric vehicles will require 40% less labor to build than combustion vehicles, Farley told a conference in Detroit, US sponsored by the Rainbow PUSH Coalition, a civil rights group. Farley told reporters on the sidelines of the conference Ford was"going back to our Model A", when the company built many of the components for vehicles itself at the Rouge manufacturing complex in Dearborn, Michigan.
Bringing production of electric vehicle motors, batteries and other components in-house was necessary to preserve jobs and to be competitive, Farley said. Tesla, the No 1 US electric vehicle maker, builds much of the hardware for its electric vehicles, including batteries. Tesla's profit margins are superior to Ford's and many other established automakers.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ford forced to truck export vehicles to Durban portIf Transnet’s rail network challenges aren't fixed, Ford SA anticipates having 79 trucks a day transporting its Next Generation Ranger vehicles from Gauteng to the Durban port by 2025.
Read more »
Ford forced to truck export vehicles to Durban port | The CitizenFord South Africa anticipates it will have 79 trucks a day transporting its vehicles from its Silverton plant to the Durban port by 2025 🚘
Read more »
So, About Those Rumours Of Harrison Ford Sightings In Kalk BayIf you headed out to Kalk Bay over the course of the past week, though, you may have noticed there's a lot of action on the harbourfront.
Read more »
Lift Airline CEO Jonathan Ayache to ensure more flights by the end of the yearWith the holiday season less than a month away and petrol prices expected to increase again in the next few weeks - the cost of domestic flights has become increasingly expensive.
Read more »