Ford Motor Co is Cutting 3,000 Jobs as it Transitions to Electric Vehicles, Software and Digital Services
Ford Motor Co is undergoing one the biggest transitions in the company’s history with plans of building more software-defined electric vehicles. The automaker plans to sell 600,000 electric vehicles by 2023 and 2 million by 2026. But to reach its electrification targets over the next several years, Ford plans to reduce costs and become a much leaner company.
Eric Walz2022-09-28 12:00 PT
Ford to Boost its Electric Vehicle Investments to $50 Billion, Sets Up a New ‘Model e’ Division for its EV Business
Ford Motor Co is setting up a new division that focuses solely on electric vehicles called "Model e". The dedicated EV unit of Ford will not be a spinoff, dispelling rumors that the automaker would be spinning off its electric vehicle business entirely to better compete with Tesla. Ford's plans include running its Model e EV business separate from its legacy combustion engine business and commercial business.
Eric Walz2022-04-08 11:00 PT
LG Develops ‘Invisible' Speaker Sound Technology That Could Revolutionize In-Vehicle Audio
Eric WalzDec 28, 2022 10:45 AM PT
Toyota's Redesigned Prius May Get More Drivers Behind the Wheel of a Hybrid Vehicle
FutureCar Staff Dec 25, 2022 12:50 PM PT
Researchers at South Korea's Chung-Ang University Develop a ‘Meta-Reinforcement' Machine Learning Algorithm for Traffic Lights to Improve Vehicle Throughput
Eric WalzDec 22, 2022 2:30 PM PT