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Ford to repurpose BlueOval SK Battery Park; 1,500 to lose jobs [Yahoo! Finance]
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On Dec. 15, Ford announced it will convert its BlueOval SK Battery Park in Glendale from a facility producing batteries for electric vehicles into a facility that produces battery energy storage systems, effectively launching a new business segment for the American automaker. This follows a Dec. 11 announcement that Ford and South Korean conglomerate SK On have parted ways on their joint electric vehicle battery endeavors , and the Glendale BlueOval SK Battery Park is being turned over to Ford as a Ford subsidiary owned facility. "This is a customer-driven shift to create a stronger, more resilient and more profitable Ford," Ford President and CEO Jim Farley said on Dec. 15. "The operating reality has changed, and we are redeploying capital into higher-return growth opportunities: Ford Pro, our market-leading trucks and vans, hybrids and high- margin opportunities like our new battery energy storage business." The announcement comes after the Trump administration has reversed f
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- Canadian Solar (NASDAQ:CSIQ) was upgraded by analysts at Daiwa Capital Markets to an "outperform" rating.[MarketBeat]
- Recurrent Energy Secures Development Consent Order for the Tillbridge Solar and Battery Storage Project in the UK[PR Newswire]
- Canadian Solar to Resume Direct Oversight of U.S. Manufacturing and Operations [Yahoo! Finance][Yahoo! Finance]
- Canadian Solar to Resume Direct Oversight of U.S. Manufacturing and Operations[PR Newswire]
- CCP-linked firms quietly hold stakes in US solar companies fueling Dems' green push [FOX News][FOX News]
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