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The future of electrified trucks is almost here. Within the next two years, Ford (F) is planning to roll out their latest electric vehicle, called the "Project T3," CEO Jim Farley tells Yahoo! Finance Live. The truck will replace the automaker's current F-150-Lightning. This comes as Ford continues to battle competitors like Tesla (TSLA) and General Motors Company (GM) in the EV space. Ford hopes to remain ahead of the game with their new truck, which includes "technology no one has ever seen before," says Farley. Ford says the truck will include a semiautonomous system that will let drivers safely sleep in the car while it drives itself, and will update its software over-the-air.' Jim Farley says it is a vehicle that will 'get better every time you get in it.' Ford says letting drivers rest safely while driving helps long-distance workers accomplish more while commuting to a site. Yahoo! Finance's Brian Sozzi caught up with Ford CEO Jim Farley to discuss the future of the company and his outlook on their upcoming line of cars. Check out the full interview here. Key Moments 0:00:09: Outlook on Ford's upcoming Electric Vehicle 0:00:20 : What the T-3 EV is 0:00:35: Truck updating data as you drive 0:00:45 Truck drivers can sleep while driving
Ford CEO Jim Farley is all in on taking the fight to Tesla.
General Motors Company (GM) closed at $33.74 in the latest trading session, marking a -0.91% move from the prior day.