Post by
EndZonefor7 on Jun 22, 2023 10:30am
Ford, SK joint venture set to receive $9.2 billion US gov
WASHINGTON (Reuters) -The U.S. Energy Department on Thursday said it intends to loan a joint venture of Ford Motor and South Korean battery maker SK On up to $9.2 billion to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky.
https://wsau.com/2023/06/22/ford-sk-joint-venture-set-to-receive-9-2-billion-us-government-loan-for-battery-plants/
Comment by
EndZonefor7 on Jun 22, 2023 10:48am
“Not since the advent of the auto industry 100 years ago have we seen an investment like that,” says Gary Silberg, KPMG’s global automotive sector leader."