Ford's hopes to follow in Tesla's and GM's footsteps and piggyback on the EV/ESG bandwagon will be tested this morning, with Ford stock spiking then sliding in jittery trade after Ford confirmed yesterday's Reuters rumor that the company would boost spending on electric vehicles by at least 36% to $30 billion and said that 40% of Ford global vehicle volume to be all-electric by 2030; Ford also said it is creating a commercial vehicles service and distribution business to be known as FordPro to generate a recurring revenue stream.
Moving…Ford Confirms That 4 Out Of 10 Cars It Sells In 2030 Will Be Electric
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