![]() ![]() The unprecedented low-interest loan will allow for more than 120 gigawatt hours of battery production in the U.S., helping Ford to ramp up manufacturing of EVs. Energy Department on Thursday announced plans to loan a record $9.2 billion to a joint venture of Ford and South Korean battery maker SK On - Blue Oval SK - to finance the development of three new battery manufacturing plants. The cuts are expected to target salaried workers at Ford's gas-engine, electric-vehicle and software divisions, the Journal story said, citing people familiar with the matter. ![]() As CEO Jim Farley continues to rein in costs, Ford is preparing to enact a new round of layoffs in the coming weeks, according to a Wall Street Journal report Thursday. government to produce batteries - two developments that should accelerate the Club holding's efforts to become a top player in the electric-vehicle market. Personal Loans for 670 Credit Score or Lowerįord Motor (F) is reportedly gearing up for a new round of layoffs, just as the automaker secured a major loan from the U.S. Personal Loans for 580 Credit Score or Lower For more information, visit or For news releases, related materials and high-resolution photos and video, visit Debt Consolidation Loans for Bad Credit Ford Credit is a subsidiary of Ford established in 1959. It provides dealer and customer financing to support the sale of Ford Motor Company products around the world, including through Lincoln Automotive Financial Services in the United States, Canada and China. “Her expertise will be valuable as we transform the role of Ford Credit for our software-dominant future and as we continue to support Ford across its Model e, Blue, Next and Ford Pro units.”įord Motor Credit Company is a leading automotive financial services company. “Eliane brings a global background in funding and dealer financing, as well as finance experience across Ford’s business,” Harris added. I’m proud to have been his friend and colleague for more than 20 years.” “His thoughtful approach to the business and deep industry expertise have helped us shape plans and strategies that are developing Ford Credit into a reason people choose and stay with Ford. ![]() “Brian has been an incredible leader, including through the extraordinary business conditions resulting from the pandemic,” said Marion Harris, Ford Credit CEO. including general auditor, controller and assistant treasurer. Schaaf joined Ford in 1989 and held key positions for Ford in the United States and U.K. Okamura holds a bachelor’s degree in economics from the University of Sao Paulo in Brazil and a master’s in business administration from Instituto Brasileiro de Mercado de Capitais (IBMEC). She also was controller of several key product development teams, including North America trucks. She joined the company in 1995 in Brazil as an analyst and has held a variety of financial positions in Brazil and the United States including treasurer of Ford South America. Okamura is director of automotive strategy, Risk and agile finance on Ford’s Treasury team, a position she has held since March 2021. 1, after a 33-year career at Ford Motor Company and Ford Credit.Įliane Okamura was named to succeed Schaaf, effective Dec. DEARBORN, Mich.-( BUSINESS WIRE)-Brian Schaaf, chief financial officer, treasurer and executive vice president, Strategy, of Ford Motor Credit Company, has elected to retire, effective Dec. ![]()
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