Ford Just lost $20 Billion on its EV Investment

Ford invested billions of bucks in electrical automobiles and vehicles, now they’re realizing it was a failure. When it comes to EVs, Ford learns a really costly lesson. CEO Jim Farley is preparing and backtracking for hybrids instead. Will this conserve the company? Can they still contend in the US and international automotive market?

If you desire a clear image of where the American auto market is heading, do not consider political speeches or glossy idea automobiles. Check out where producers are investing– and writing off– genuine money. Ford Motor Company just provided one of the clearest signals yet that the market’s all-electric future, a minimum of as it was sold to consumers and capitalists, is being fundamentally rethought.

#ford #mache #f 150lightning #news

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