Farley: Ford plans to build more EV components in-house

Via Electrek:

Ford is returning to its roots as it looks to keep employees on board during the transition to electric vehicles. Jim Farley, Ford’s CEO, spoke at an event in Detroit, telling reporters Ford is “going back to our model A” in reference to bringing production back in-house during the EV production ramp.

Ford CEO looks in-house to build EV components

On the idea of going back to where Ford started by sourcing its own vehicle components, the CEO says:

We’re going back to where we were at the beginning of the century. Why? Because that’s where the value creation is. It’s a huge transformation.

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Up until now, Ford has purchased EV batteries and motors for models like the Mustang Mach-E, but this will no longer be the case, according to Farley.

Rest of article: https://electrek.co/2022/11/15/ford-ceo-looks-in-house-to-build-ev-components/

It makes perfect sense if volume is going up.

These are the jobs Ford is going to hold over the UAW's head over next years contract negotiations. I see a lot of promised investments in current ICE parts plants to start making BEV components.

Realizing how much it can hurt relying on other suppliers. Tesla hasn't seen the shortages as others, but they build most of it themselves, even the seats. If you control it then you aren't at the mercy of others.