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#1 2021-02-05 18:56:13

Tallex
Administrator

Ford ends electric vehicle deal with China company 'on cusp of collaps

Ford ends electric vehicle deal with China company 'on cusp of collapse'


https://www.freep.com/story/money/cars/ … 385363001/


Ford Motor Co. has ended its joint venture electric vehicle plans with China's Zotye, a company with financial troubles so severe that it's fighting for survival.
The Ford development, first reported late Wednesday by Reuters in Shanghai, does not change the automaker's commitment to producing vehicles for the largest electric vehicle market in the world, spokesman T.R. Reid told the Free Press.
"If anything, our intentions are greater and more ambitious today than they were three or four years ago," he said. "We will fulfill them in a different way."

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