autonomous vehicle technology

Higher Costs Hit Ford Earnings In 1st Quarter

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Ford reported lower profits Thursday, citing higher commodity costs and increased investment in autonomous vehicles and other technologies. Ford chief executive Mark Fields described the quarter as “an investment in Ford’s future,” as reflected by new vehicle announcements and a $1 billion initiative in autonomous vehicle technology. Factors negatively affecting earnings included lower overall vehicle … Read more

Alphabet Creates New Self-Driving Car Business Called Waymo

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Google parent company Alphabet Inc. is separating its self-driving car business into a new unit called Waymo, seeking to sharpen its focus on changing the transportation industry. John Krafcik, chief executive officer of Waymo, announced the move on Tuesday at an event in San Francisco. The company has been developing autonomous vehicle technology for more … Read more