P-I-V-O-T: Ford Pulls Back Further fFom EVs With $1.9 Billion SUV Pivot

The actions amount to further pullback by chief executive Jim Farley, who initially accelerated Ford’s shift to EVs Bloomberg News Ford Motor Co. is recalibrating its electrification strategy yet again, cancelling plans for a fully electric sport utility vehicle in a shift that may cost the carmaker around US$1.9 billion. In addition to scrapping an all-electric three-row SUV … Read more