GM and Ford Expand Rivalry into U.S. Defense and Energy Storage Sectors
Summary
Automakers General Motors and Ford are pursuing military contracts and energy storage ventures to fuel growth.
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U.S. automotive giants General Motors and Ford are taking their century-old corporate rivalry into new territory as both companies seek fresh growth opportunities beyond traditional vehicle manufacturing.
The two automakers are targeting contracts in the military and defense sector while also expanding into the energy storage business. These strategic moves are aimed at unlocking new revenue streams and diversifying their operations.
Source: CNBC
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