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Keith NaughtonThe Daily Caller |
The move comes just weeks after Ford cut production of the battery-powered pickup due to slowing sales.
Ford's 2023 Mach-E models are getting thousand-dollar price drops.
“We are nowhere near our earnings potential,” CEO Jim Farley said. “All of our EV teams are ruthlessly focused on cost and efficiency."
CEO Jim Farley said Ford still sees “a bright future” for EVs for “specific customers," but it's been cutting down on production.
Nissan offers eight weeks of paid parental leave, more than the two weeks the UAW won in its new contracts.
The tentative deal includes a 25% wage hike. General Motors and Stellantis have yet to reach a similar agreement.
SoftBank’s investment in Stack AV is “north of $1 billion,” says an official.