Every day we say to ourselves: “Ford will have no problem that product launch ”and we are disappointed every day. All this and more The morning shift for March 26, 2021.
1st team: orders are delayed until 2022 by roofing supplier
We have written about delays in the launch of the Bronco i Ford problem with roofing supplier Webasto before, but we now have a firmer idea of how hard this will make the Broncos. We also have a better idea of how much this Ford will cost Automotive news reports:
Ford Motor Co. will begin delivering its expected 2021 Bronco SUV to customers in June, although some hardcover roof options are being delayed until the 2022 model year due to problems with roofing provider Webasto.
The automaker on Thursday shared the latest production updates in separate letters to customers and dealers. He pledged to compensate customers affected by roof delays with FordPass Rewards points, off-road school vouchers and free accessories that could cost Ford tens of millions of dollars.
Ford is very blunt that it has no institutional problems with the launch of major new cars, although if it had ordered a new Bronco, I don’t know if I would agree.
2nd gear: the shortage of chips became real
The global shortage of semiconductors hitting the auto industry as it increases in the wake of the pandemic, it becomes real: Ford pauses production of F-150.
G / O Media may receive a commission
Can the severity of this situation be grasped? The F-150 is Ford. He is the one who makes money. Don’t take a break unless the shit is serious.
Reuters set out the details:
Ford Motor Co. will stop producing its highly profitable F-150 van at a Michigan plant until Sunday due to the gglobal lack of semiconductor chips.
Ford and other automakers have stressed that they are trying to protect production from their profitable vehicles, but the company has been forced to reduce F-150 production several times since the beginning of the year.
The Ford plant in Dearborn, Michigan, will be inactive from Friday to Sunday and will resume operations on Monday. A spokeswoman did not say how much volume would be lost.
3rd gear: Ford made one more mistake: selling cars in Montanans and Minnesota
The Supreme Court has just handed down a unanimous ruling against Ford and the details of the case are interesting. The first thing that is strange about this is that the case is still litigating over the issue of the 1990s, which deals with accidents with a 1996 Ford Explorer and a 1994 Ford Crown Vic.
The second weird thing about it is that Ford claimed it wasn’t really responsible for the cars sold in Montana and Minnesota, like Reuters reports:
The automaker also claimed that since it designed the vehicles in Michigan, it manufactured them in Kentucky and Canada and originally sold them in other states that Montana and Minnesota courts did not have to decide cases.
In an 8-0 ruling, the judges disagreed with Ford.
“It simply came to our notice then. When a company like Ford serves a market for a product in a state and that product causes injury to the state to one of its residents, state courts can understand the resulting lawsuit, ”Judge Elena Kagan wrote for in court.
Kagan added that “Ford does substantial business in both states,” by all imaginable means (including billboards, TV and radio ads, print ads, and direct mail) Ford urges Mountaineers and Minnesotaers to buy their vehicles. ” .
I love the idea of some furious Ford executive that the company should never have gotten involved with those damn mountaineers.
4th Gear: The cruise will begin “sooner than we think,” two years after the planned launch
GM should begin deploying a fleet of autonomous cruise vehicles in 2019. In recent years, car companies have come to the idea that, well, autonomous vehicles are very difficult to hit. To a large extent, we have stopped hearing many things about presumption and high expectations.
With that in mind, enjoy GM:
5th Gear: We have another SPAC here
“This start-up of electric vehicles has just become the UK’s largest list of companies in history,” he said Financial Times he declared boldly, “and almost no one has heard of it.” The company in question is an electric vehicle start, which manufactures vans. The FT reports:
Just under an hour ago, at the opening of the U.S. market, Arrival, a pre-revenue electric van manufacturer in London, merged with the special-purpose acquisition vehicle CIIG Merger Corp to appear on the Nasdaq . In the process, it raised $ 660 million.
But this is not the case. The value of the business when the clock struck 9.30am east? $ 13.6 billion.
Yes, you read that correctly. Billion with a “B”. Not only that, but it is the record of a listing of a British company, according to Dealogic data.
The words “special purpose acquisition” should raise your ears. These companies, in short SPAC, are key to making unstable startups public without revealing the information that investors normally have access to during the IPO process. The SPACs were behind Nikola and the SPACs are making a bubble Defector explained this in a detailed report in February. I am amazed that this traffic is still going on.
Reverse: vaccines!
Neutral: Did you have any of the old two-door UTEs?
Owners of Geo Tracker, owners of RAV4 convertibles, I know you are there.