Ford Motor CFO Says Second-generation EVs At Mid-Decade Will Have 50% Reduction In Manufacturing, Engineering Costs
Portfolio Pulse from Benzinga Newsdesk
Ford Motor's CFO announced that the company's second-generation electric vehicles (EVs) at mid-decade will have a 50% reduction in manufacturing and engineering costs.
June 15, 2023 | 2:01 pm
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Ford Motor's second-generation EVs will have a 50% reduction in manufacturing and engineering costs, potentially improving profitability.
The announcement of a 50% reduction in manufacturing and engineering costs for Ford's second-generation EVs indicates that the company is making significant progress in cost optimization. This could lead to improved profitability and a positive impact on the stock price in the short term.
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