Ford's Argo AI self-driving cars roam the streets of Detroit in test
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.
Ford to slash 12,000 jobs in Europe
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.
Ford plans to slash jobs by 10 percent
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.