Ford

Legacy auto makers such as Ford and GM are racing to catch up to Tesla by investing billions of dollars to develop electric cars.

Ford is electrifying its best-selling F-150 pickup. The F-150 Lightning is a pitch to rural drivers that you don’t need to be an early adopter or environmentalist for an electric vehicle to make sense.

Computer chips are an essential component for new cars. But car production has recovered faster than expected, and competing demand for semiconductors has also been rising. Some plants are struggling.

The automaker is working with GE Health to build a simple ventilator licensed from a small medical technology firm. The government has been pushing automakers to help make the vital medical equipment.

Ford, 3M and GE Healthcare join forces to ramp up production of personal protection equipment and ventilators,

The president encouraged automakers to produce critical supplies that would help with shortages due to the coronavirus. But he has yet to enforce the Cold War relic, which he invoked last Wednesday.

For nearly two years, car enthusiasts have been trying to figure out what Ford meant when it said its new electric SUV was "Mustang inspired." On Sunday, they'll find out.

About 7,000 white-collar jobs are being eliminated as part of Ford's massive organizational restructuring. The automaker says it will save $600 million per year as a result.

Money is going a lot of different ways in the car industry. Experts say companies are investing in new technology simply because they don't want to be left behind.

The automaker canceled plans to produce a small car in China and sell it in the U.S., citing the cost of tariffs on imports from China. Trump had suggested the cars could be made in the U.S. instead.