Ford Motor Co on Wednesday said it expects a global semiconductor shortage could ease this summer but may not be fully resolved until 2022, as the automaker reported a strong first-quarter profit but said the shortage may slash second-quarter production by half.
Ford Motor Co on Wednesday said its car lineup in Europe will be all-electric by 2030 as the U.S. automaker races to get ahead of CO2 emissions targets and looming bans in some countries on fossil fuel vehicles.
Ford Motor Co said it will recall 3 million vehicles for air bag inflators that could rupture, at a cost of $610 million.
Rivian, an electric vehicle startup backed by Amazon.com Inc AMZN.O and Ford Motor Co that aims to put an electric pickup and SUV in production this year, announced a $2.65-billion investment round led by T. Rowe Price.
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