There is growing evidence that the emerging community of carshare owners is being recognized as a distinct market opportunity for service department operations at dealerships.
Sales volumes fell 8% but revenues jumped 30% from Q3 a year ago. The automaker says this reflects robust demand for its SUVs, especially the electrified Recharge lineup.
The plan includes a $1 billion investment in the German automaker’s existing U.S. manufacturing and assembly complex in Spartanburg, SC, and $700 million to build a battery assembly facility in nearby Woodruff.
Ford will continue pursuing Level 3 driver-assistance technology rather than continue sinking money into the more advanced Level 4 autonomy Argo was working to refine, CEO Jim Farley tells investors.
