Thursday March 28, 2024 | Last Update: March 28, 2024 EDT
Ford Motor Co. is investing about 11.4 billion yuan or about $1.8 billion over the next five years on research and development for smart cars that is aimed to attract Chinese buyers, according to a report from The Wall Street Journal. The automaker is looking to increase its sales in the second largest economy in the world with its investment.
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German carmaker Daimler AG's chief executive said the company is open to partnerships with American tech giants Apple and Google to advance efforts in building the next generation of smart cars.
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