The US automaker has announced it is shedding 3,000 jobs in North America and India to cut costs and simplify processes. The company aims to accelerate its transition to electric vehicles.

Ford wants to convert its passenger car lineup to all electric in Europe over the next few years — starting with a major revamp at its factory in Cologne.

Ford has cut its full-year profit outlook after a rocky quarter that saw sluggish sales in China and higher costs in the North America market. Bloomberg’s Chester Dawson reports on “Bloomberg Daybreak: Asia.”

Argo AI, Ford’s partner in developing its self-driving system (SDS), launches test drives of its third generation of development prototypes in Detroit. Volkswagen and Ford have announced a $7 billion collaboration on electric and self-driving vehicles. Two test specialists sit in the car as it drives on Detroit's streets.

The US car manufacturer said the move would pave the way for it to become profitable again as it focuses more on electric vehicles. It also confirmed that it would sell plants in five countries across Europe.

Joseph Hinrichs, president of global operations at Ford, discusses the company's $1 billion investment in two Chicago factories that build high-profit sport-utility vehicles.

Ford plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told Reuters.

BlackBerry CEO John Chen discusses the company’s increase in software sales, profitability, the partnership with Ford to work on connected cars and the H-1B visa program.