Reported about 2 months ago
Ford is facing potential pitfalls reminiscent of its past mistakes as it pivots towards a low-cost electric vehicle strategy amid rising costs. While the automaker excelled during previous financial hardships, its recent focus on affordable EVs is leading to significant losses projected at $5.5 billion in 2024. As Ford delays key electric vehicle projects and sheds light on the challenges of maintaining profitability in a transitioning market, investors are urged to scrutinize the company’s ability to innovate and adapt profitably.
Source: YAHOO