Building more parts in-house rather than purchasing them from other suppliers makes financial sense and retains jobs, said CEO Jim Farley.
The automakers take two very different approaches to EV production but with many of the same goals in mind.
Ford, GM say they’ll ship unfinished vehicles by year’s end as supply issue eases.
General Motors will offer buyouts to U.S. Buick dealers who do not opt in to the brand’s plans to be all-electric by 2030.
GM retools supply chain to get tens of thousands of vehicles awaiting parts to consumers quickly and ward off future supply chain challenges.
General Motors has asked its dealers to help prevent customers from quickly flipping high-demand vehicles and adding high markups.
Ford Motor stock hit its best month since the Great Recession, advancing nearly 32% since its 127.4% surge in April 2009.
General Motors, Ford Motor and Stellantis may need to boost wages as they negotiate a four-year labor contract for 150,000 employees.
But the automaker remains bullish that stronger results are possible in the second half of the year.
GM and Ford seek exemptions to deploy a limited number of self-driving vehicles without human controls like steering wheels and brake pedals.
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