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.
Looking for leads, investment insights, or competitive intelligence?
News about Ford Motor
Brands such as Nike and Ford are being targeted.
Must-read business news, delivered every morning.
The current 25% rate has been in place for more than a decade.
Workers have been temporarily laid off.