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Ford Scraps Electric SUV, Reduces Spending on EVs
Posted
August 21, 2024
Views
3,094
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1.91%
August 21, 2024
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1:44Now PlayingFord 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.
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