Two senators asked the Transportation Department to explain why a "do not drive" directive issued last week by Ford is limited to about 2,900 older pickup trucks and if other vehicles are potentially at risk from defective airbag inflators.
Ford expects its investment on mobility and autonomous vehicles to reduce its 2017 earnings by $300 million, providing a breakout of its investments in the future for the first time. Despite that hit, Ford said 2017 preliminary net income grew 70 percent due in large part to a much lower effective tax rate.
Along with Ford's pace-setting F series, the redesigned Chevrolet Silverado and Ram 1500 form a collection of trucks that showcase some of the most sophisticated technologies each manufacturer has in its arsenal.
If General Motors struck gold by reviving the Colorado and Canyon midsize pickups four years ago, then Ford had better hope that mine isn't tapped out by the time the Ranger reaches dealerships early next year.