Reuters interviewed executives for both Ford and GM for the article below.
Development: Ford stock was just downgraded to Junk status and GM is now being threatened with the same potential downgrade.
So Ford is now saying this to its investors:
Executives at GM and Ford told Reuters in interviews they are serious about launching more electric vehicles in the United States in the coming years, but they are concerned about getting too far ahead of mass-market demand.
“We’re trying to time this with the natural demand of consumers (so) we’re not forced to do artificial things and we don’t violate the laws of economics,” Hau Thai-Tang, Ford’s chief product development and purchasing officer," told Reuters
I like it. Laws of economics -- Translation: We cannot build things the market will not buy.
https://www.reuters.com/article/us-a...-idUSKBN21D1KW
03-26-2020, 01:15 PM
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