Ford had its second-best year ever in 2016. The automaker posted impressive earnings and positive operating cash flow and launched 11 new vehicle models. Ford also announced the addition of 13 new electrified models over the next five years and doubled down on its investment in connectivity and mobility technologies so much so that it launched Ford Smart Mobility as a subsidiary dedicated to emerging mobility services. Like its domestic rival GM, Ford has invested in autonomous technologies it intends to have a fully autonomous model in commercial operation by 2021 but has taken a more incremental approach compared to relative upstarts like Tesla Motors. The company was founded in 1903 and is based in Dearborn, Mich.
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News about Ford Motor
The ride-hailing giant will soon buy a fleet of driverless Volvo SUVs.
The deals could be valued as much as $250 billion, though many are non-binding. Here's the list.
No recall has yet been issued.