Ford Motor Company is making changes to their electric vehicle strategy
8 months ago
4
Ford CEO Jim Farley said the company will develop vehicles that will compete with lower cost EV's from Tesla and Chinese automakers. Ford lost four-point-seven billion dollars last year on their current EV lineup and projects a loss of five-point-five billion this year. Ford is reducing overall EV investment by 12-billion dollars and increasing the manufacturing of gas powered vehicles which generate profits needed to fund growth.
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