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25 Apr, 14 tweets, 2 min read
FORD MOTOR COMPANY NOMINATES HENRY FORD III FOR ELECTION TO BOARD

DEARBORN 12 March 2021 – Ford Motor Company announced that Henry Ford III has been nominated to stand for election to the company’s board of directors at its annual meeting of shareholders on 13 May 2021
media.ford.com/content/fordme…

Both candidates are great-great grandchildren of Henry Ford, who founded the auto company in 1903

Their nominations to the board continue the Ford family’s nearly 118 years of active involvement with and stewardship of the company
Henry Ford III, 40, the son of Edsel B. Ford II, is currently a director in Ford Investor Relations

Since joining the company in 2006, he has held roles in Labor Relations, Purchasing, Marketing and Sales, and Corporate Strategy
He was part of the team that negotiated the landmark 2008 master labor agreement with the UAW
Later, as global marketing manager for Ford Performance, Henry Ford III played a key role in the launch of the latest Ford GT and supported the company’s successful return to racing at the 24 Hours of LeMans
He earned a bachelor’s degree from Dartmouth College and an MBA from Massachusetts Institute of Technology, Sloan School of Management
Alexandra Ford English, 33, is the daughter of Ford Executive Chairman Bill Ford and is currently a director in Corporate Strategy at the company, responsible for enterprise, connectivity and digital network strategic plans
Before that, she was director of Market and Operations for Ford Autonomous Vehicles LLC and responsible for the successful deployment and operations of Ford’s autonomous vehicle business in Miami; Austin, Texas; and Washington, D.C.
Ford English is also Ford’s representative to the board of directors of Rivian, the electric carmaker in which Ford owns an equity interest

Prior to joining Ford in 2017, Ford English ran merchandising divisions for Tory Burch in New York City and Gap Inc. in San Francisco
She earned a bachelor’s degree from Stanford University and an MBA from Harvard Business School
"Henry and Alexandra are both passionate and capable young business leaders who care deeply about Ford Motor Company and the welfare of our customers, employees, dealers and shareholders,” Bill Ford said
"I am pleased and proud that we have a new generation of Ford family leaders who believe in serving the company and ensuring it remains a successful and positive force in the world for years to come"
At the same time, the company announced that Edsel Ford, 72, is retiring from the board in May

Edsel Ford was elected to Ford’s board on Jan. 18, 1988, at age 39, together with his cousin, Bill Ford, then 30
Edsel is the father of Henry Ford III

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More from @jpr007

26 Apr
AUTOMAKERS LOOKING REALITY IN THE FACE

1. Semiconductor chips appeared to be a minor "commodity" item in the manufacturing of automobiles

- but now that automakers cannot get them entire production lines and massive supply chains are grinding to a halt
2. Now put those automakers into the BEV world of the future, where they discover that they cannot get enough supply of battery cells

- enough cell capacity was not planned ahead

- the planned capacity does not ramp up as fast as they thought Image
- and production quality problems means that yields are lower than the headline capacity that was announced

This is reality and it already held back Tesla's growth in prior years

Now apply it to the entire Legacy Auto industry Image
Read 4 tweets
22 Apr
TESLA CAPACITY MAPS FOR 2021

Ahead of the 2021 Q1 Earning Report next week, here are our Capacity Maps that estimate the Scheduled Production Capacity for each quarter of the current year based on the expected shift crews

We have upgraded to format to show more information

Q1
Q1 shows 179,688 which was very close to to 180,338 units actually produced

Q2 shows 234,375 units

One uncertainty is the output of Model S / Model X after restart this month

If we conservatively allow only 50% of 25,000 units that would lower the total by -12,500

= 222,875
Q3 shows 276,563 units

One uncertainty is the start date for GF4 in Brandenburg

- this is 14,063 units in the above number

Another uncertainty is the ramp rate for GF5 in Austin

- this is 14,063 units in the above number

We could adjust by -14,063 and -7,031 = -21,094 units
Read 4 tweets
21 Apr
ROBERT FRIEDLAND ON COPPER

Mr Friedland, founder and co-chairman of Ivanhoe Mines which explores and develops mines in Africa, said :

"Copper is crucial in electrifying the global economy"

"Mining companies will have to be “real heroes”"
resourcesrisingstars.com.au/news-article/m…
The world is yet to grasp the scale of disruption in replacing fossil fuels, with most people in urban areas unaware of where materials in everyday life come from

“It’s all copper, copper, copper, copper, copper, copper,” he told the CRU World Copper Conference on Tuesday
While the 70-year-old billionaire is taking a long-term view, his words of warning contrast with those of some of his colleagues at the conference who are reluctant to accelerate growth plans in a cyclical market
Read 9 tweets
20 Apr
WOODLANDS FIRE CHIEF FIGHTING FUD ON REPORTING OF VEHICLE CRASH

1. The vehicle did NOT "burn out of control for four hours"

- "our guys got there and out down the fire within two to three minutes" Image
2. The firefighters were working primarily to protect a crime scene

- “We could not tear it apart or move it around to get ‘final extinguishment’ because the fact that we had two bodies in there and it was an investigation-slash-crime scene,” Buck explained Image
3. The initial reports were of a forest fire, not a motor vehicle

- "The first report to emergency dispatchers came at about 9:25 pm on Saturday with reports of a forest fire, not a motor vehicle," Buck said Image
Read 11 tweets
20 Apr
EV startup Lordstown Motors made its way from its home in Ohio to Baja California over the weekend to take place in the brutal 242.8-mile desert race known as the San Felipe 250 as a method of testing and data collection.
thedrive.com/news/40237/lor…
After completing the first 40-mile leg of the race, Matthew Blanchard, Lordstown Motors' director of security and the vehicle's driver, stopped to top off the Endurance's charge
The team also took this opportunity to review telematics data regarding the vehicle's off-road performance and soon determined that it wasn't aligned with what they had expected for the race
Read 14 tweets
18 Apr
NORWAY - STATUS OF EV TRANSITION

NOTE : This is the short-form report - see separate thread with long-form analysis

1. Norway is rapidly advancing towards an EV-only sales environment for Passenger Cars
2. In the process, sales of ICEVs are shrinking fast and may cease by 2023, ahead of government deadlines

- the Red bars in this chart show potential ICEV sales volumes for 2021 and 2022
3. Norway has moved fast on EVs and is well ahead of others, but it still shows a significant annual Supply deficit relative to Natural Demand

This Red triangle represents a Supply shortfall of about 300,000 new vehicles that could be needed by the national fleet by 2028
Read 5 tweets

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