Ford’s first-quarter earnings drop from a year ago, but still manage to beat Wall Street forecasts by overachieving on commercial vehicles and software services.
The Electro Movilidad Asociación (EMA), formed by companies including Volvo, Tesla and China’s JAC Motors and BYD, has secured a commitment from its members to increase their investments in Mexico.
The second quarter will be key to 2024’s total results, as demand must continue growing during April-June for the entire year to top 16 million units for the first time in five years.
