Ford Cuts Battery Orders as EV Losses Top $100,000 Per Car
Ford Cuts Battery Orders as EV Losses Top $100,000 Per Car
www.bloomberg.com Ford Cuts Battery Orders as EV Losses Top $100,000 Per Car
Ford Motor Co. has begun cutting orders from battery suppliers to stem growing electric-vehicle losses, according to people familiar with the matter, as it throttles back ambitions in a rapidly decelerating market for plug-in models.
- Automaker is shifting its strategy for EVs as demand wanes
- Suppliers in South Korea, China grapple with unsold inventory
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That's a really ugly looking vehicle.
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