Ford asks suppliers to help with profitability quest as EV survival depends on cost cutting

Teslarati
By Joey KlenderMay 17, 2024, 2:04 pm126 pts
Ford is asking suppliers to help with its quest toward profitability in its electric vehicle efforts, as its survival depends on cost-cutting. Ford has spent billions attempting to compete with industry giants like Tesla, and in Q1, it recorded a $1.3 billion operating loss for its EV and software division,…

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