Ford Motor CFO Says Co Working On Third-Generation Electric Vehicles Even As Some Competitors Just Ramping First EVs
Portfolio Pulse from Benzinga Newsdesk
Ford Motor's CFO revealed that the company is working on third-generation electric vehicles (EVs) while some competitors are still ramping up their first EVs.
June 15, 2023 | 2:13 pm
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Ford Motor is ahead of some competitors in EV development, working on third-generation models while others are still launching their first EVs.
Ford Motor's announcement of working on third-generation EVs indicates that the company is ahead of some competitors in the EV market. This could potentially lead to increased market share and higher revenues, positively impacting the stock price in the short term.
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