TECH - Ford Is Spending $2M On Scholarships To Train The Next Generation Of Auto Technicians | Benzinga
Ford Motor Company‘s (NYSE:F) dealers and Ford Fund have jointly invested $2 million in scholarship funding to combat the ongoing shortage of automotive technicians. The initiative aims to support students pursuing careers as automotive technicians.
What Happened: This initiative, known as the Ford Auto Tech Scholarship, will be rolled out across 10 regions, supporting students in over 20 states and 292 eligible schools. Ford announced on Monday that the scholarship will provide 400 need-based awards to existing or prospective students enrolled in post-secondary auto programs.
The automotive industry is grappling with a significant shortage of technicians, with an estimated requirement of over 400,000 techs by 2027. This scholarship aims to create opportunities for well-paying careers as the industry shifts toward electrification and software integration.
The Ford Auto Tech ...