"When an exciting new car gets postponed or even canceled, it's not just prospective customers who are left feeling burned. And the fallout even goes well beyond the people who work for the automakers and may find themselves suddenly out of work, too. The suppliersthe vast global network of companies that make the various parts of your carare feeling the sting from the electric-vehicle slowdown in particular. Now some are taking their complaints over broken business deals to court, underscoring just how fragile and interconnected"
"Nexteer and Swoboda Inc. aren't household names the way Ford Motor is, but they "make" your car just as much as any automaker does. They're two supplier companies, Chinese and German, respectively, who had a role in making Ford's upcoming full-size electric truckthe one thought to be an F-150 Lightning successor. But like other aspects of Ford's EV plan, that truck has been pushed back until at least 2028."
Postponed or canceled vehicle launches harm prospective customers, automaker employees, and the extensive supplier network that produces vehicle components. The electric-vehicle slowdown has particularly strained suppliers, prompting some to sue over broken business deals tied to delayed projects. Nexteer and Swoboda Inc., suppliers to Ford, face disputes after Ford pushed back its full-size electric truck program, now delayed until at least 2028. Ford is shifting focus to a new affordable EV platform intended to produce a $30,000 pickup amid struggles with EV profitability and canceled plans. Mercedes-Benz is adjusting its U.S. strategy and China's Geely Group is gaining prominence.
Read at insideevs.com
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