Loading ...Ford Ditches Plans For Electric SUV As Industry Continues To Backpedal From EVs
This decision reflects a broader trend among automakers that we have written about over the last year or two, especially since the UAW extorted negotiated their latest labor contracts from the Detroit automakers…
The company will take $1.9 billion in related special charges and write-downs as a result, the report said.
https://www.zerohedge.com/markets/ford-ditches-plans-electric-suv-industry-continues-backpedal-evs
Kinda funny that they use the term backpedal, as in bike. In truth, the fools who succumbed to government pressure on EVs, threw it into reverse and tromped the pedal to the metal old style, as in internal combustion engine! When we look back on the enviro years we will cry over how much of our money and productivity was wasted because we stopped using our heads.