Ford plans a new $3.5 billion EV battery plant in US: Report
Meanwhile, the US-based automaker has sold a majority of electric vehicle startup Rivian shares.
Meanwhile, the US-based automaker has sold a majority of electric vehicle startup Rivian shares.
Ford and Volkswagen-backed self-driving startup Argo AI, which came into the scene in 2017 with a $1 billion investment, is reportedly shutting down.
Ford Motor’s spokesman informed that the job cuts are effective September 1.
In a statement, top leaders have informed that the company is going to change its way of operation by deploying new technologies.
It also told dealers to temporarily halt selling the popular electric vehicle. this malfunctioning may cause may render the vehicle immobile.
There was no joint statement by the automakers as both of the companies issued deprecate press releases stating their reasons to end the joint venture.
Ford has had nagging quality troubles with the latches, some car transmissions and other issues that have hurt its bottom line.
The more mechanically inclined are no less-enthused ~ the "season" has come for the motoring magnificence of yesteryear to bask in nostalgia- flavoured glory.
Where the Endeavour is recalled for issues with airbag inflator, Aspire, Figo and Freestyle are recalled over BMS (Battery Management System) issues
In a memo to employees, Monday, CEO Jim Hackett said the fourth wave of the restructuring will start on Tuesday.
