Ford Motor Co. has begun cutting orders from battery suppliers to stem growing electric-vehicle losses, according to people familiar with the matter, as it throttles back ambitions in a rapidly decelerating market for plug-in models.
  • Automaker is shifting its strategy for EVs as demand wanes
  • Suppliers in South Korea, China grapple with unsold inventory
  • Peppycito@sh.itjust.works
    20·
    7 months ago

    Expect US automakers to blame unions when they face another round of bankruptcies and begin demanding government bailouts.

    Hmmm… I’ll keep this thought in mind. 🍻