From Nasdaq: 2024-04-05 11:16:00

Ford Motor Company is delaying the launch of its three-row electric SUV until 2027, focusing now on a new generation electric truck by 2026 and offering hybrid options for all internal combustion engine models in North America by 2030. The delay is to wait for a mature market and new battery technology.

In light of evolving market demands, Ford is putting on hold the development of its second-generation electric truck and SUV, aiming for profitability within the first year of launch. Meanwhile, work is underway on an affordable EV lineup to cater to changing consumer preferences and market dynamics within the EV industry.

Zacks Senior Stock Strategist Kevin Cook highlights 5 stocks with great growth potential in the AI sector. By 2030, the AI industry is expected to make a significant global economic impact of $15.7 Trillion. Investing in automation and AI now can pave the way for future advancements and innovations in various industries.

Ford Motor Company is deferring the launch of its three-row electric SUV to allow for market maturation and advancements in battery technology. The decision aligns with the company’s strategy to adapt to changing consumer demands and introduce a lineup of affordable electric vehicles, anticipating significant production volumes.

For investors looking to capitalize on the growth potential in the AI sector, now is the time to explore opportunities in automation and innovative technologies. By investing in AI-driven companies, individuals can be part of the future landscape that revolutionizes industries and drives economic impact on a global scale.



Read more at Nasdaq: Ford (F) Defers Launch of Three-Row Electric SUV Until 2027