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Ford Signs $756 Million Deal with Zotye for Electric Cars

Ford Signs $756 Million Deal with Zotye for Electric Cars

On Wednesday, Ford Motor Company (NYSE: F) signed deal with Anhui Zotye Automobile Co Ltd (SHE:000980), a China-based company, to build, market and distribute electric cars under a new brand in China.Zotye Automobile Co Ltd, which was based in China..

U.S. House Passes Bill to Speed Up Deployment of Self Driving Vehicles

U.S. House Passes Bill to Speed Up Deployment of Self Driving Vehicles

On Wednesday, the U.S. House passed a unanimous vote of 54-0 for a bill to speed up the deployment of self driving vehicles. Many auto manufacturing companies are already in a competition to be the first to develop an efficient and working self auto..

Ford Q2 Earnings Beat Expectations

Ford Q2 Earnings Beat Expectations

Ford’s Motor Company (NYSE: F) second quarter earnings was released on Wednesday and surpassed all expectations of analysts.In its second quarter, the automotive car company’s posted a net income of $2 billion, while the total company&rs..

Ford Moving to China

Ford Moving to China

Ford Motor Co. (NYSE:F) expects to move production of its Ford Focus small car from the U.S. to China.U.S. sales of small cars have dropped intensely and as a result many companies want to cut costs producing them. By moving productions to Chin..