Industry Round-Up: Ford, BMW and Volvo

Ford adopts Apple Maps, Volvo tightens its belt, and BMW invests in Mini plants. 🌱
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Industry Round-Up: Ford, BMW and Volvo

Apple Maps is set to join the EV nav party by expanding its reach to the Ford F-150 Lightning later this year. 🗺️

When synced with CarPlay, Apple Maps’ EV-focused routing feature carefully monitors the vehicle’s battery life, strategically plans re-charging pitstops, and provides real-time information on station availability, making it an invaluable tool for EV drivers on the go.

The function is slated to roll out in Q4 to 2022-23 models through a software update. ⚡️

Volvo announced plans to dedicate a hefty $88M toward boosting efficiencies and cutting costs long-term. As part of the cost-cutting criteria, Volvo has plans to tighten its belt globally by trimming over 10% of its white-collar workforce in the US and Canada. 🌎

CEO Jim Rowan says their goal is to shift entirely to EVs by 2030, a costly venture, thus necessitating the dramatic money-saving measures including early retirements and downsizing.

BMW is investing $750M in its UK plants to ramp up the transition of its Mini brand to fully electric production. 💰

Plans are for at least two electric models to be made at their plant in Oxford by 2026 and exclusively produce electric models by 2030.

BMW also intends to allocate investment funds to its plant in Swindon which makes parts for Mini models, but the future of their Hams Hall engine plant remains uncertain. 🏭

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