Ford loses $1.28B in 2020, raises electric vehicle spending

Ford loses $1.28B in 2020, raises electric vehicle spending

DETROIT – Ford Motor Co. misplaced $1.28 billion final yr because it handled an enormous restructuring, a expensive recall and a decline within the worth of its pension fund. However the firm mentioned Thursday it’s producing sturdy money circulation and can go all-in on electrical automobiles. Ford mentioned…
GM charges up new unit to sell electric delivery vans, gear

GM charges up new unit to sell electric delivery vans, gear

DETROIT – The marketplace for battery-powered supply autos and tools has a lot potential that Basic Motors is forming a brand new enterprise unit to serve it. The primary product for the brand new enterprise known as BrightDrop shall be an electric-powered wheeled pallet that may take items…