Ford and SK Innovation to dissolve battery joint venture [Yahoo! Finance]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Yahoo! Finance
Under the agreement, SK Innovation's battery unit SK On will assume ownership of the BlueOval SK plant in Tennessee, while Ford will take control of their factory in Kentucky, according to a statement from the companies. The separation is expected to be completed by the end of the first quarter of 2026, subject to regulatory approvals. [[ pro_promotion | See how Wall Street analysts are valuing Ford with InvestingPro's full ratings, price targets, and earnings models get 55% off today ]] This dissolution is a significant shift in Ford's electric vehicle strategy as the automaker continues to face losses in its EV business. The decision comes amid slower-than-anticipated electric vehicle adoption across the industry. Despite ending the joint venture, SK On plans to maintain a strategic partnership with Ford focused on the Tennessee plant. The South Korean company stated it expects the split to enhance productivity and improve its operational flexibility. The restructuring occu
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News
- Can Ford Motor Company (NYSE:F) Maintain Its Strong Returns? [Yahoo! Finance]Yahoo! Finance
- Ford, SK On dissolving BlueOval SK battery joint venture [Yahoo! Finance]Yahoo! Finance
- Hagens Berman: Ford Dealers File Class Action Alleging Major Warranty Reimbursement ShortfallsBusiness Wire
- Nissan plans big comeback with US manufacturing leading the charge [USA TODAY]USA TODAY
- Ford turns to stepped-up tech, cooperation with police to thwart F-150 pickup thieves [CBS News]CBS News
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- 12/12/25 - Form 8-K
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- 12/3/25 - Form 4
- F's page on the SEC website