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Ford Will Take $19.5 Billion Hit as It Rolls Back E.V. Plans (www.nytimes.com)
submitted 10 months ago by to c/climate@slrpnk.net
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Basically, the huge-personal-truck model doesn't work so well with batteries. Making them cheap enough means making them small...which Ford didn't try to do

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[–] 2 points 10 months ago (1 child)

Ford is partnering with Renault to make EVs in Europe.

I don't blame them for bailing on EVs in USA, between Trump's undoing of a decade of progress and his effect on the economy, you would be insane to care about the US auto market.

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  • [–] 2 points 10 months ago

    The US is where the plurality of cars are bought and sold. You can't just ignore it, especially if you're one of the Big Three domestic automakers.

    What Ford's running into is a soft cap on the volume of debt Americans are able to assume in order to buy their bloated flatbed trucks and SUVs. It's 2008 all over again.

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