It’s a very hard decision for automakers - how fast to transition to EV’s. I have the feeling that Ford may be moving too fast and like their investment in Rivian, it may be the exploding cigar in their face. Ford miraculously survived the 2008 recession without resort to Title 11, but if it gets ahead of the curve too much on EV’s may be prime for a bailout.
This may be the game. Look, if it blows up, they can claim that they were only following the policies that the government was promoting with regard to EV’s. It certainly would bolster an argument that they should get a bailout. On the other hand, if it succeeds, well, then it succeeds.