Ford delays $12B in EV investments as automaker wrestles with demand

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Ford delays $12B in EV investments as automaker wrestles with demand

Ford is delaying about $12 billion in planned investments on EVs, including construction of a second battery plant with joint venture partner SK On due to softening demand for higher priced premium electric vehicles.  CFO John Lawler emphasized Thursday during the company’s third-quarter earnings call that the company wasn’t backing away from its next-generation EV […]

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Ford delays $12B in EV investments as automaker wrestles with demand

2023-10-27 08:04

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