In order to compete with the future of the auto industry, General Motors, Ford Motor and Fiat Chrysler are showing their dedication by reducing costs, adjusting production with demand and making cuts to unprofitable vehicles to rental car companies and corporate fleets.
Profits from conventional products are vital to finance the new technology necessary for electric and self-driving models.
“We have a clear path to leverage what we’ve done historically,” said Jim Hackett, who became Ford’s chief executive five months ago. “Our first priority is to restore revenue and attack costs.”
Read more of the original article at The New York Times.
The post Detroit’s Big Three Tighten Their Belts as They Look to the Self-Driving Future. appeared first on Fleet Management Weekly.
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