US EditionFord Announces $19.5 Billion Restructuring Charge in Major Electric Vehicle Strategy Reversal CWEB Business News
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Ford Announces $19.5 Billion Restructuring Charge in Major Electric Vehicle Strategy Reversal CWEB Business News
Ford Motor Company is taking a massive $19.5 billion financial charge as it dramatically restructures its electric vehicle strategy, signaling a pivotal moment for the auto industry. The automaker is halting ambitious all-electric projects like a next-generation electric truck and will instead prioritize hybrid vehicles and smaller, more affordable EVs. This strategic reversal is […]
In Ford they have tired of losing money with their electric cars. Michigan’s are very clear that they need to change strategy. A few days ago, Jim Farley, CEO of the company, gave his face by announcing a new course. Ford delayed his plans for electric conquest given the low participation of his battery-powered cars and the huge losses accumulated over the past few years. However, not all the money has been lost. Ford continues to work on a new …
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