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Ford Motor Co.'s chief financial officer outlined how tariffs and supply chain disruptions are expected to impact Ford's vehicle production and its costs during a wide-reaching interview with a ...
Ford Motor Co. continues to struggle to obtain rare earth magnet supplies that are essential to car production and have already forced a temporary shutdown of one of its factories.
China, which controls more than 90% of global rare earth processing capacity, imposed new export licensing rules in April, tightening supply to Western manufacturers of everything from cars and ...
Ford says that the batteries it uses in these hybrid vehicles are more efficient and more powerful and will reduce Ford use of rare earth metals by up to 500,000 pounds annually.
About 90% of the U.S.'s rare earth minerals come from China, the world's largest producer of rare earths, according to data from the Geological Survey.
Ford CEO Jim Farley described the situation as "day to day" and "hand-to-mouth" in a Friday interview with Bloomberg TV. Last month, Ford idled its Chicago factory, which produces the Explorer sport ...
As for Trump's latest tariff: a boost in steel and aluminum to 50%, House said the impact on Ford should be minimal because Ford buys all its aluminum from domestic suppliers and it buys 80% of ...
Ford CFO Sherry House addressed disruptions caused by new restrictions on rare earth minerals from China at a June conference. "There are many components that rare earth minerals are in.
(Reuters) -Ford Motor Co is struggling with supplies of rare earth magnets, the automaker's CEO Jim Farley told Bloomberg News in an interview on Friday. China, which controls more than 90% of ...
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Ford CEO says rare earths shortage forced it to halt production
Rare earth minerals, which are a set of 17 metallic elements, are integral to automobile production, and enable features like windshield wipers, seat belts and speakers to function. About 90% of ...
Ford Motor Co.'s chief financial officer outlined how tariffs and supply chain disruptions are expected to impact Ford's vehicle production and its costs during a wide-reaching interview with a Wall ...
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