Ford delays $12B in EV investments as automaker wrestles with demand

TechCrunch
By Rebecca BellanOct 26, 2023, 6:45 pm387 ptsTrendingTop
Ford is delaying about $12 billion in planned investments on EVs, including construction of a second battery plant with joint venture partner SK On due to softening demand for higher priced premium electric vehicles. CFO John Lawler emphasized Thursday during the company’s third-quarter earnings call that…

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