Ford CEO Jim Farley confirmed the automaker is dropping high-end electric vehicles to focus entirely on low-cost commuter models. He admitted the company lost a lot of money on its early electric lineup after spending years trying to catch up in the market.
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Ford CEO admits premium EV struggles against Tesla, targets $30K model
Ford Motor Company is taking a new direction with its electric vehicle lineup. CEO Jim Farley confirmed the company is stepping away from...
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