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.
Ford Motor stock hit its best month since the Great Recession, advancing nearly 32% since its 127.4% surge in April 2009.
Ford Motor Co. reported nearly a 32% increase in U.S. sales in June, as it improved truck and SUV deliveries and rolled out an all-electric pickup.
General Motors and Ford Motor Co. CEOs say they are watching for signs of a U.S. recession, despite demand for autos being strong.
CEO Jim Farley says the automaker has no plans to spin off its EV business during a virtual Wolfe Research investor conference.
GM entered a deal with semiconductor chip manufacturers to keep its North American assembly lines in production.
GM reported a net profit of $10 billion for 2021 and reported full-year pretax rose 47% to hit a record $14.3 billion.
The new rating system requires safeguards that help drivers stay focused and not treat systems, such as Tesla's Autopilot and Volvo's Pilot Assist, as self-driving cars.
The EV race heats up as Ford Motor Co. and General Motors Co. highlight new electric pickups while other car companies get ready to release new battery-powered models in 2022.
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