Biden preparing to block U.S. Steel sale to Japanese company
Detroit’s Big Three automakers, Ford, General Motors, and Fiat Chrysler, are all striving to dominate the next generation of the car industry. To do this, they are investing heavily in developing new and innovative products and technologies that meet the needs of the changing market, including electric vehicles, ride-hailing and car-sharing services, and self-driving technology. The companies are also working with tech companies and startup companies to develop new concepts and products, such as connected cars, self-parking cars, and artificial intelligence-based driving systems. The Big Three are also bringing their manufacturing processes into the future, creating more efficient production lines and utilizing new materials such as aluminum and carbon fiber to make lighter, safer, and more efficient vehicles. Finally, all three companies are looking to become more competitive in global markets, making moves such as expanding their factories and footprints outside of the US, as well as investing in cutting-edge research and development.