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Ford Still Scrambling to Get Rare-Earth Magnets
Ford Motor still faces difficulties obtaining vital magnets made with rare-earth elements, despite a deal the U.S. struck with China to ease export controls, a company executive said Monday. “It’s hand to mouth—the normal supply-chain scrambling that you have to do,” said Lisa Drake, a vice president overseeing Ford’s industrial planning for batteries and electric vehicles. Ford in May stopped production at a vehicle factory in the Chicago area because of a magnet shortage. The situation has improved, but the company still needs to “move things around” to avoid manufacturing shutdowns given the scarcity ... (full story)
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- Jun 23, 2025 4:22pm Posted byFundamental Analysis313
