Bullet points of Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company, investors
- Ford will cancel a large, electric three-row SUV that was already far in development
- The company will delay production of its next-generation 'T3' electric full-size pickup truck by about 18 months
- Ford will refocus battery production and sourcing to the U.S.
- The company's first new EV will be a commercial van in 2026, followed by a midsized pickup and then the T3 full-size pickup
- Ford will accelerate the mix of battery production in the U.S. that will qualify for tax incentives and credits
cnbc.com_2 / CNBC Business by Layer3.news
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2024-08-23 13:01:45
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2024-08-23 13:01:45Event JSON
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