Ford increased EV sales by 129.2% in April, mainly due to interest in the Mustang Mach-E, marking a significant rise from the previous year.
Ford set a new record with 17,997 hybrid vehicle sales in April, reflecting the growing interest in hybrid powertrains across the industry.
CEO Jim Farley mentioned a shift in focus towards profitability and discipline, aiming to bring affordable models to the market amidst changes in EV demand.
Despite facing challenges in EV demand, Ford plans to invest between $8-9 billion in the Model e division to drive profitability and growth.
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