Ford adjusts EV lineup as it aims to lower vehicle cost
New York (AFP) Aug 21, 2024
Ford announced Wednesday fresh changes to its electric vehicle lineup, including the scuttling of a planned SUV model, lifting shares despite a hefty near-term profitability hit. The adjustments - which reflect a slower-than-expected transition to EVs in North America - will result in around $1.9 billion in cost hits to Ford's earnings, according to a Ford securities filing. A company
Ford announced Wednesday fresh changes to its electric vehicle lineup, including the scuttling of a planned SUV model, lifting shares despite a hefty near-term profitability hit. The adjustments - which reflect a slower-than-expected transition to EVs in North America - will result in around $1.9 billion in cost hits to Ford's earnings, according to a Ford securities filing. A company