Published 1 month ago

Former Ford CEO Sees A Bright Electric Future For Established Automakers, Says They Are 'Well Positioned To Ride Out The Transition' - Ford Motor (NYSE:F), General Motors (NYSE:GM)

Summary by Ground News

Mark Fields, the ex-chief of Ford Motor Company F, recently highlighted the strength of established automakers in the shift to electric vehicles. His comments come as Detroit's Big Three have seen significant gains six months following the United Auto Workers (UAW) strike. GM, Stellantis and Ford saw their shares rise, closing at $44.59, $28.99 and $13.06.

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Benzinga

Former Ford CEO Sees A Bright Electric Future For Established Automakers, Says They Are 'Well Positioned To Ride Out The Transition' - Ford Motor (NYSE:F), General Motors (NYSE:GM)

He added that the automakers' stronghold in the internal combustion (ICE) vehicle business combined with a large installed base is helping them gain investors trust, despite high labour costs.

1 month ago·New York, United States

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