Ford Motor Co. announced Monday plans starting in 2022 to outfit every new vehicle it sells in the U.S. with cellular technology enabling the vehicle to communicate with infrastructure, other vehicles or businesses around it.
Even though unemployment is low, the economy is growing and U.S. auto sales are near historic highs, General Motors is cutting thousands of jobs in a major restructuring aimed at generating cash to spend on innovation. It's the new reality for automakers that are faced with the present cost of designing gas-powered cars and trucks that appeal to buyers now while at the same time preparing for a future world of electric and autonomous vehicles.
If you’re looking to buy a car from Ford, you’ll soon have only one choice: a Mustang. Faced with plunging demand and declining profits from its passenger car lineup, Ford will shift its resources to the booming side of the market: pickups, SUVs and crossover-utility vehicles, said CEO Jim Hackett late on Wednesday.
In an industry of closely guarded business strategies and technical development, it is relatively rare for two automakers, especially mainstream ones like GM and Ford, to collaborate. But the two have a technical track record, most recently around a pair of fuel-saving transmissions, and often walk in lockstep around major community projects and charitable giving in metropolitan Detroit.