Last year Ford posted its best U.S. sales performance since 2006. The newly revamped F-Series Trucks were a particularly bright spot, with more than 780,000 vehicles sold. The company will look to continue that streak as the market is expected to grow again this year, thanks to low gas prices. The company will also likely continue to push into automated driving technology to keep up with increasing competition. Ford had been in talks with technology companies like Google and Uber recently, but ultimately decided not to partner with either. CEO Mark Fields noted that company culture was a big reason for this. Fields has made a lot of noise about his commitment to growing Ford as a tech company, and that should continue as the industry continues to automate.
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But the retailer has also been cutting thousands of jobs.
A Senate confirmation hearing on his nomination to become commerce secretary is set for Wednesday.
The president of Hyundai Motor Group denied that the plan was driven by pressure from Trump.
More than 1,000 jobs are expected to be created on the back of the investment.
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But that’s not entirely true