Short, Ominous Ford meeting tomorrow.
No clue what it's about, but I have a bad feeling about this.
GM just laid off 1,000 engineers and didn't bat an eye.
Ford canceling and shrinking most EV programs:
- Oakville : EV car Replaced by super-duty
- REVC f-150 Lighting : Reduced to 1 shift (Not profitable)
- Mach-e Mustang : Not Profitable yet
- Marshall, MI Battery Plant: Shrinking size due to low demand
- Glendale, KY Battery Plant : Paused construction of 1.5 mil sqft bldg halfway through.
- Other EV investments delayed or expecting lower demand.
God be with us tomorrow...