The Ford F-150 Lightning electric pickup hasn't even gone on sale yet, but demand is so red hot that the automaker is already ramping up production.
Kumar Galhotra, Ford Americas & International Markets Group President, joins Yahoo Finance Live to discuss Ford deepening its commitment to manufacturing EV trucks in Michigan and outlook on the chip shortage and EV space.
When Ford Motor Co built its first factory in India in the mid-1990s, U.S. carmakers believed they were buying into a boom - the next China. Last week, Ford took a $2 billion hit https://reut.rs/3nFLvnF to stop making cars in India, following compatriots General Motors Co and Harley-Davidson Inc in closing factories in the country. Among foreigners that remain, Japan's Nissan Motor Co Ltd and even Germany's Volkswagen AG - the world's biggest automaker by sales - each hold less than 1% of a car market once forecast to be the third-largest by 2020, after China and the United States, with annual sales of 5 million.