Softer demand means Ford needs “less capacity in certain areas in the near term, and so we’ll push out that investment until the time we need to put that capacity in place”, Mr Lawler said.
Tesla was founded as an EV company and has said it wants to sell 20 million vehicles a year in 2030, a more than tenfold rise in output. GM plans to sell 1 million EVs a year by the end of 2025 and Ford has set a target of 600,000 in 2024.
Anxieties over electric vehicle manufacturing –…
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