Ford plans 6,000 new union jobs in three Midwestern states

President Biden has backed substantial subsidies for electric vehicles, including vehicles made by unionized workers, but those measures ...


President Biden has backed substantial subsidies for electric vehicles, including vehicles made by unionized workers, but those measures have languished in the Senate and their prospects are uncertain.

Meanwhile, much of the EV-related job growth has occurred at non-union facilities owned by new automakers like Tesla, Rivian and Lucid, or at US-based battery facilities. States wholly or partly owned by foreign companies such as South Korean manufacturers SK Innovation. and LG Chem.

In Thursday’s announcement, Ford noted that its new battery and vehicle production facilities in the South would create about 11,000 jobs. But those employees won’t automatically become union members, and workers in those states tend to face an uphill battle to unionize.

For investors, however, Ford’s additional investments in electric vehicles seem like welcome news as the company seeks to reinvent itself in the face of competition from Tesla and Rivian. Ford’s stock price, which had fallen significantly this year, rose more than 2% on Thursday.

Ford also said Thursday that it sold 6,254 electric vehicles in May, a jump of more than 200% from a year earlier. That number included 201 F-150 Lightnings, which the company began producing in April.

The company has around 200,000 reservations for the Lightning, which is central to its efforts to catch up with Tesla, and has stopped accepting new ones as production will take months to meet demand.

Ford said sales of the truck will be much higher in the coming months as production ramps up and transit trucks arrive at dealerships. Ford aims to produce 150,000 Lightning trucks per year by the end of 2023.

Sales of electric vehicles – and conventional cars – have been limited by a shortage of computer chips. Ford’s overall new vehicle sales in May fell 4.5% from a year earlier. Auto executives are also increasingly concerned that the supply of lithium, nickel and other raw materials needed to make the batteries that power electric cars will not meet the growing demand for these vehicles.

Vikas Bajaj contributed report.

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Newsrust - US Top News: Ford plans 6,000 new union jobs in three Midwestern states
Ford plans 6,000 new union jobs in three Midwestern states
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