Rivian – One America News Network

The cab to a Ford all-electric F-150 Lightning truck prototype is seen on an automated guided vehicle (AGV) at the Rouge Electric Vehicle Center in Dearborn, Michigan, U.S. September 16, 2021. REUTERS/Rebecca Cook/File Photo

Ford’s EV retreat highlights industry dilemma: Build for the US or the world?

Farley had spent years telling staff and investors that catching up to Tesla and China’s leading EV makers amounted to an existential struggle.

FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar

Wall St edges higher after inflation data keeps Fed rate-cut hopes intact

Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the Federal Reserve on track to deliver another interest rate cut in December.

WASHINGTON, DC - JULY 23: An electric Ford truck is displayed during the Electrify Expo In D.C. on July 23, 2023 in Washington, DC. The expo highlighted new and soon-to-be-released electric cars, bikes and other technology. (Photo by Nathan Howard/Getty Images)

Ford Changing EV Strategy, Drops All-Electric Three-Row SUV, Division Is On Pace To Lose $5.5B This Year

Automaker Ford announced that it is recalibrating its EV strategy over concerns of not making enough profits, including getting rid of an electric SUV.