Aug 21st, 2024
Ford Scraps Electric SUV, Reduces Spending on EVs
Ford is canceling plans for a fully electric sport utility vehicle in a shift that may cost the carmaker around $1.9 billion. Ford will further postpone a next-generation electric pickup and reduce spending on EVs to 30% of its annual capital expenditures, from about 40% previously. Keith Naughton reports on Bloomberg Television.
