Electric cars might not be the future after all.
Ford stock has struggled to sustain any momentum. So far this year, it has tumbled 15% as the iconic automaker continues to encounter hurdles. The one constant for Ford’s Sisyphean endeavors has been the persistent hemorrhaging of its electric vehicle business. Like other automobile manufacturers – well, except Tesla – the government’s vision of everyone falling in love with EVs has failed to materialize. Is the future electric, gas-powered, or hybrid?
All Ford One, and One Ford All
Ford released its third-quarter earnings, and the headline numbers were excellent. The company reported better-than-expected quarterly profit and sales. Yet it still was not enough for the forward-looking stock market, as shares tanked 6% during the Oct. 28 trading session. Traders were…
