About 1,600 to be laid off as Ford repurposes BlueOval SK for energy storage in KY [Yahoo! Finance]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Yahoo! Finance
make energy storage systems for data centers, utility companies and large-scale industrial and commercial companies. Facilities at BlueOval SK in Glendale — the result of a now defunct joint venture between the automaker and a South Korean battery maker to make batteries for electric vehicles — will be converted to manufacture a special kind of lithium-ion cells, battery energy storage system modules and 20-foot modular data center containers. Roughly 1,600 people working at BlueOval SK will be laid off, Ford executive Andrew Frick said Dec. 15. Those workers will have the opportunity to apply for positions with the Ford subsidiary anticipated to take over running the facility now that the joint venture is null and operations have been separated. On a call Monday afternoon, Frick said to start, the new energy storage business in Kentucky will have 2,100 employees. That's about 400 fewer than were anticipated to work at one of two completed, operational facilities in Glendale.
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News
- Ford Forecasts $19.5 Billion in Charges as Part of Shift in Electric Vehicle Strategy [Yahoo! Finance]Yahoo! Finance
- Ford to record $19.5bn charge in shake-up of EV strategy [Yahoo! Finance]Yahoo! Finance
- Ford LAP to close for 'extended period' as it prepares for new EV line [Yahoo! Finance]Yahoo! Finance
- Ford to convert BlueOval SK plant in Kentucky. Here's what we know [Yahoo! Finance]Yahoo! Finance
- Ford takes $19.5bn EV hit after demand slump [Yahoo! Finance]Yahoo! Finance
F
Earnings
- 10/23/25 - Beat
F
Sec Filings
- 12/15/25 - Form 8-K
- 12/12/25 - Form 8-K
- 12/3/25 - Form 4
- F's page on the SEC website