Ford Is Canceling Another Electric Vehicle Plan and Losing $2 Billion to Do It -- Should Investors Be Worried?
Ford Motor(F) The Motley Fool·2024-09-03 20:16
This is just the latest pivot in Ford's too-ambitious EV strategy. Will it be the last?Ford (F 0.72%) recently delayed plans for its much-anticipated new electric pickup truck and canceled plans for a three-row electric SUV altogether. This will cost the automaker $1.9 billion, and many investors are a bit concerned about the future of Ford's EV strategy. In this video, Fool.com contributors John Rosevear and Matt Frankel discuss whether investors should be worried.*Stock prices used were the morning prices ...