finance.yahoo.com

GM and Ford Push Their Rivalry Into Defense and Energy Storage

General Motors logoGeneral Motors
Sig2.55Sen+2.60Env+1.20Soc+0.80Gov0.00
Ford logoFord
Sig1.85Sen+2.40Env+1.40Soc-0.60Gov+0.20

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.

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