Ford Is Canceling Another Electric Vehicle Plan and Losing $2 Billion to Do It -- Should Investors Be Worried?
Ford (NYSE: F) recently delayed plans for its much-anticipated new electric pickup truck and canceled plans for a three-row electric SUV altogether. This will cost the automaker $1.9 billion, and many investors are a bit concerned about the future of Ford's EV strategy. In this video, Fool.com contributors John Rosevear and Matt Frankel discuss whether investors should be worried.
*Stock prices used were the morning prices of Aug. 23, 2024. The video was published on Aug. 30, 2024.
Source Fool.com