Ford is all over the news today as they have decided to pull their investment out of competing automotive manufacturer Rivian…again. I’m not sure exactly why this decision was made or how it will play out in the end, but it is a bit telling that Ford may be struggling a bit more than we know. CEO of Ford, Jim Farley, is on record recently as stating that The 2022 profits or lower than expected by about $1 billion. On top of that he believes that they have about 25% too many engineers and have become an efficient in their manufacturing and design. This is some thing that we definitely need to keep tabs on moving forward.
Ford has pulled their investment from Rivian. What does this mean for each company? #ford #rivian #ev #electricvehicle #news #automotivenews #stocks #carsoftiktok
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