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Under a plan dubbed "Ford+," the automaker said it now expects to spend more than $30 billion on electrification, including battery development, by 2030, up from its prior target of $22 billion.
U.S. self-driving truck startup Kodiak Robotics Inc is looking into a joint venture with the holding firm of South Korean conglomerate SK Group to gain a foothold in the Asian market, its co-founder told Reuters.
A prototype model of the next-generation Ford Everest, which sold in India as the Endeavour, has been spotted testing in Australia. The Australian-spec SUV is said to be locally developed by Ford and is expected to be launched in early 2022.
Eicher Motors Ltd-owned Royal Enfield will shut its three south Indian manufacturing plants for three days to ensure safety amid rising COVID-19 cases, according to an internal note seen by Reuters and two sources.
Ford Motor Co will announce on Wednesday that it is developing two dedicated all-electric vehicle platforms, one for full-size trucks and SUVs, the other for cars and smaller SUVs, as part of a strategy to catch General Motors Co, Volkswagen AG and Tesla Inc in the global electrification race, sources familiar with Ford's plans said.
Automaker Renault-Nissan will shut its plant in India's southern Tamil Nadu state until May 30, according to an internal note and two sources familiar with the matter, a day after workers said they would strike over coronavirus-related safety concerns.
