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AUTO NEWS – Ford And GM Have A Plan To Conquer Chip Scarcity

Ford And GM Have A Plan To Conquer Chip Scarcity

The settlement between the 2 corporations will see them working collectively to handle the rising demand for chips aimed explicitly on the automotive trade. Examples embrace chips for ADAS, battery administration, in-vehicle connectivity, EVs, and autonomous options.

“It’s important that we create new methods of working with suppliers to offer Ford – and America – larger independence in delivering the applied sciences and options our prospects will most worth sooner or later,” mentioned Jim Farley, Ford President and CEO. “This settlement is only the start, and a key a part of our plan to vertically combine key applied sciences and capabilities that can differentiate Ford far into the long run.”

“GF is dedicated to constructing modern alliances with the world’s main corporations to allow the options in merchandise which can be pervasive all through folks’s lives,” mentioned Tom Caulfield, GF CEO. “Our settlement with Ford is a key step ahead in strengthening our cooperation and partnership with automakers to spur innovation, convey new options to market sooner, and guarantee long-term, supply-demand steadiness.”

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AUTO NEWS – Ford And GM Have A Plan To Conquer Chip Scarcity
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