GM and Ford Push Their Rivalry Into Defense and Energy Storage
General Motors and Ford are applying their century-old rivalry to defense contracting and grid energy storage. For Ford, early evidence suggests demand for its energy-storage business, and deliveries under its EDF agreement are expected to begin in 2028. Both firms aim to repurpose underused EV-related capacity as earlier EV expectations have cooled. Ford’s holdings were steady at 50 hedge funds, with value slipping to $1.02 billion.