Ford Makes $29 Billion Commitment to EVs and Self-Driving Cars

  • Ford announced a $29 billion investment in EVs and autonomous vehicles through 2025.
  • In the future, the majority of Ford vehicles will be electric, while traditional gasoline powertrains will be augmented with hybrid and plug-in hybrid powertrains.
  • Ford is joining GM and others in heavily investing in electric and autonomous vehicles to compete with Tesla.

    Ford announced during its fourth-quarter earnings report that it will invest $22 billion in electric vehicles and $7 billion in autonomous vehicles through 2025. The electric-vehicle stake is an increase over the $10 billion already pledged to help Ford compete in the race to bring electric vehicles into the mainstream.

    In part, Ford may be throwing the money down to compete with GM’s bigelectrification goals, but it stopped short of announcing exactly when, or if, it will transition to an all-electric passenger-vehicle fleet as General Motors has pledged to do. What it has announced is

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    Commercial Vehicle Remote Diagnostics Market to Grow by USD 2.17 Billion Between 2020-2024 Despite COVID-19 Spread | Technavio

    LONDON–(BUSINESS WIRE)–Technavio has been monitoring the commercial vehicle remote diagnostics market and it is poised to grow by USD 2.17 billion during 2020-2024, progressing at a CAGR of almost 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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    Impact of COVID-19

    The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the commercial vehicle remote diagnostics market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

    Frequently Asked Questions-

    • Based on segmentation by application, which is the leading
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    Apple to invest $3.6 billion in carmaker Kia to manufacture its Apple Car

    a motorcycle is parked on the side of a road: Apple Car Rumors

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    Apple Car Rumors

    • A new report from Korea claims that Apple will invest $3.6 billion in Hyundai affiliate Kia Motors to manufacture the Apple Car.
    • The contract should be signed in the coming weeks, with the first Apple Car supposed to come out in 2024.
    • The vehicle would be mass-produced in the US, with Kia setting up a production line dedicated to the Apple Car.

    The Apple Car rumor is picking up steam steadily, with an increasing number of reports indicating Apple’s renewed efforts to manufacture its own self-driving electric car that would rival the likes of Tesla. A report from Reuters said last year that Apple is working on two key technologies for the Apple Car, including a revolutionary battery tech and the self-driving tech (software and hardware). It wasn’t clear at the time whether Apple would develop the project alone, a massive undertaking that

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    Oil Profits To Fund $20 Billion EVs

    Car & Automotive,automotive industry,Car & Mechanical,Car & Classic,motorcycleMany of the adjustments occurring within the automotive market as we speak, together with tightened credit markets in a capital-intensive trade and elevated authorities involvement are the latest world challenges. Volvo’s bold purpose is to have zero fatalities in their automobiles by 2020, a becoming vision for a corporation that places security first. Its cars additionally characteristic premium cabin supplies and understated Swedish styling. We’ll e mail you when new automobiles are added or there’s a drop in worth. Searching for a specific make, model or year, and the way it compares to the competition? Looking to design your individual Honda Motorcycles? Use our Motorcycle Finder, under, to get the whole lot you need from 2004 to current.

    Up to now, the pure gas which was recovered in the course of recovering petroleum couldn’t be profitably offered, and was merely burned on the oil field in a process known as … Read More