27
Oct
19:25
Ford adjusts EV manufacturing plan, delays $12 billion investments
Ford Motor is throttling its electric vehicle investments in response to North American consumers’ current EV expectations.
The announcement is included in Ford’s Q3 2023 results, which failed to meet Wall Street expectations. Revenue came in at $43.8 billion for the quarter, with year-to-date revenue sitting at $130.2 billion.
While the company is not cutting spend for its future EV models, Kallanish understands that it will delay roughly $12 billio…
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Anonymous
Very good overview of the weekly steel market.
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