Ford – the best selling car manufacturer in the UK – has begun offering drivers up to £7,000($9,000) for vehicles registered before December 2009.
Toyota, Japan’s biggest automotive manufacturer, announced on Saturday that by the end of 2016 it had sold all of its shares in electric car maker Tesla.
Ford Motor Company has replaced its chief executive Mark Fields with Jim Hackett.
Jim Hackett, 62, was named as the new chief executive of Ford, replacing Mark Fields, who held the position for less than three years.
Elon Musk’s Tesla now has a higher market value than Ford after its stocks surged yesterday.