Ford hold-ups brand-new EVs again, revealing why tradition car manufacturers require to embrace a start-up mindset
Ford revealed Thursday that it's postponing the production of 2 electrical lorries, a next-generation EV pickup and a three-row EV SUV. The set are now slated to get here in 2026 and 2027, hold-ups of one and 2 years respectively. In their location, the car manufacturer will be presenting hybrids throughout its U.S. lineup.
Ford's CEO has actually been telegraphing the hold-ups for months. Last fall, it held off $12 billion in organized financial investments. On a profits call in February, CEO Jim Farley stated, "Hybrids will play a progressively crucial function in our market's shift and will be here for the long run." That's the sort of sober talk that investors enjoy to hear.
Wall Street is most likely to cheer the relocation, particularly after Toyota reported that its year-over-year s...