Ford Ends EV-Certified Dealer Program, CNBC Reports
-- Ford Motor is terminating its EV-certified dealership program that required owners to invest more than $1 million to sell electric vehicles and open sales rights to all dealers, according to a report by CNBC.
-- Chief Operating Officer Marin Gjaja said at a media briefing that the company will sunset the Model e Dealerships Program, which included about half of Ford's 2,800 U.S. dealers.
-- The decision to end the program comes amid slowing growth of demand for EVs, the report said.
Full article: https://www.cnbc.com/2024/06/13/ford-ends-ev-dealership-program.html
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
June 13, 2024 11:19 ET (15:19 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
Undervalued by 25% and Yielding 5%, This Stock Is a Buy
-
Can AI Predict Future Stock Returns?
-
The Best Energy Stocks to Buy Now
-
10 Undervalued Wide-Moat Stocks
-
Obesity Drugs: Can New Firms Take Market Share From Eli Lilly and Novo Nordisk?
-
New 4-Star Stocks
-
Intel Fair Value Left Unchanged Despite Qualcomm Takeover Talk