According to its new CEO, Jim Hackett, Ford Motor Co. will cut $14 billion in costs. The company’s future is focused on SUVs, trucks and electrification. They say they plan to be more active in joint ventures and M&As. Ford plans to debut its first long-range EV in 2020. See the story here.

One of the JVs was just announced. Ford and Zotye Auto are teaming up to build electric vehicles for the Chinese market. Learn more about it.