As GM's Cruise Headaches Continue, Maybe Ford Was Right All Along?
Though Ford Motor Company (NYSE: F) and General Motors (NYSE: GM) are bitter rivals, especially in their bread-and-butter full-size truck segment, the truth is they have much more in common than not. In fact, it's a rare divergence when the two don't have a similar strategy when it comes to the automotive industry.
But that rare divergence happened when Ford severely scaled back its homegrown driverless vehicle ambitions (and took a big $2.7 billion charge on Argo AI) while General Motors appeared to double down on its Cruise driverless vehicle.
Given the recent Cruise headaches, was Ford right all along? And more importantly, what does it mean for Ford's investors?
Source Fool.com
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