Commercial users embracing fees for software-based services.
Production increased on popular models as it looks to boost its electrified market share.
Ford tries to reverse losses while GM looks to further strengthen position.
Around $28 billion in green bonds are available globally for automakers to help fund their transition to electric vehicles.
The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021.
Building more parts in-house rather than purchasing them from other suppliers makes financial sense and retains jobs, said CEO Jim Farley.
The steps Ford is taking now to cut costs and boost revenue could pay off in big dividends in the future.
The facility will further Ford CEO Jim Farley’s goal to build 2 million EVs annually by the end of 2026.
Ford Motor Co. will eliminate 3,000 jobs globally, according to a letter sent to employees Monday.
Two members of the U.S. House of Representatives have launched a bipartisan effort to spur legislative efforts that support self-driving vehicles.
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