The automotive business has its ups and downs, but union contracts protect workers from big pay cuts.
Big companies like Ford, Target and Microsoft plan to have some workers on-site, some remote. Those on-site may gain advantage, experts say.
When the pandemic first hit last spring, auto plants shut down and carmakers curbed semiconductor orders.
The auto manufacturer says its global operations hit the "off" switch, and anticipates higher losses in the second quarter.
Offers include seven-year interest-free loans and no payments for six months.
Detroit dominates U.S. pickup truck sales. Traditionally it's been hard for newcomers to break in.
The Detroit automaker is gambling that the combination of an SUV body shape, electric drivetrain, and the Mustang badge, will attract buyers.
Like all automakers, Ford's trying to balance selling profit-making vehicles and preparing for an uncertain future.
The two automakers will become equal owners of Argo AI, a robocar firm that was majority-owned by Ford, with plans to put autonomous vehicles on the roads in the U.S. and Europe.
In his 32-year career at Ford and then Chrysler, Iacocca helped launch some of Detroit’s best-selling and most significant vehicles, including the minivan, the Chrysler K-cars and the Ford Escort.