Ford EV and tech chief leaving automaker

Ford EV and tech chief leaving automaker

Doug Field, the high-profile executive who shaped Ford’s electric vehicle (EV) and technology strategies over the past five years, is leaving the automaker. Field’s departure was announced Wednesday as part of a broader reorganization of the company’s leadership. Field joined Ford in 2021 with a robust resume from Silicon Valley that included leading Apple’s special…

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Battery recycler Ascend Elements files for bankruptcy

Battery recycler Ascend Elements files for bankruptcy

Ascend Elements said on Friday it has started Chapter 11 bankruptcy proceedings in the U.S., a heavy blow to investors who had sunk nearly $900 million into the company.  Linh Austin, Ascend’s CEO, announced the decision in a post on LinkedIn late Thursday night. He said the company faced “insurmountable” financial challenges. Ascend’s filing comes…

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