Ford Motor CEO Says Pricing Pressure For EVS Has Dramatically Increased In The Past 60 Days
Portfolio Pulse from Benzinga Newsdesk
Ford Motor's CEO has stated that the pricing pressure for electric vehicles (EVs) has significantly increased in the past 60 days, according to Reuters.
July 27, 2023 | 9:09 pm
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Ford Motor's CEO has reported a significant increase in pricing pressure for EVs. This could potentially impact the company's profitability in the short term.
The reported increase in pricing pressure for EVs could potentially lead to lower profit margins for Ford, as the company may need to reduce prices to stay competitive. This could negatively impact the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100