Ford Cutting Costs, Increasing EV Investment

By Evan Williams Ford is cutting costs, and sending some of the savings into EV development.
Ford CEO Jim Hackett told investors one Tuesday that Ford has plans to cut $14 billion in costs over the next five years. That means the automaker will be open to more partnerships that share the costs and risks of new technologies and mobility services.
Hackett referred to current partnerships with Lyft – for developing ride sharing and self-driving cars – and Mahindra – an Indian automaker that partners with Ford on mobility, transportation infrastructure, and connected vehicles – for examples of the cost sharing.
Of the $14 billion in

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