Autos GM vs. Ford: U.S. defense, energy sectors add to automakers’ century-old rivalry

1 month ago 10

Rommie Analytics

Ford joined GM this year in seeking U.S. military contracts after the Trump administration approached U.S. companies about assisting the military with their expertise in mass manufacturing. The automakers’ efforts so far are largely focused on military vehicles, but could grow with time. Simultaneously, both companies are entering the energy storage system, or ESS, market amid an expected growing need related to rising consumer energy costs and data centers. Energy storage systems use a lot of the same underlying technology as electric vehicle batteries to store power for homes, businesses and even utilities. Both markets are viewed by Wall Street...
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