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Ford is slowing investment in new EV capacity to match slower demand following a seismic change in EV pricing over the past year, Ford executives told analysts. The next generation of Ford EVs will be launched "only when they can be profitable," Marin Gjaja, head of the Model E EV business, told analysts Tuesday. ....
General Motors Co and Ford Motor Co will have to convince investors that last year s profit formula can keep working when costs for EV batteries are rising ....
Great, have a competition among absurdly rich people helping others rather than buying jets and yachts. there its nothing wrong with people giving money to causes they think are valuable. not every good or service is produce ford profit. some can come from the segment of society. i think it is fine we recognize that as long as we don t think there is something wrong with them pursuing profits because there is not. that makes us better off too. there are these tycoons from previous years, vanderbilt, rockefeller, and people vilify them as robber barons say they did some charity work. but they were evil robbers. no they transformed the lives of americans in the 19th century. raised our living standards. rockefeller brought oil and made profits in doing it. by the way he probably also is responsible for saving the whales. he pushed down the price of oil it was no longer profitable to ....