Ford: Gas cars are a growth business for us | CNN Business

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By keeping a foot firmly in the internal combustion world, Ford is benefiting from customers who are losing access to gas-powered vehicles from other automakers even while Ford, itself, rolls out new EV models.

When Ford chief executive Jim Farley split the company’s passenger vehicle business into two parts — one for electric cars, the other for gasoline-powered vehicles — Farley put himself in charge of the electric car business, a division called Model e. The assumption among a lot of industry observers was that the person running the gasoline vehicle businesses, then, was there to nurse that dying technology through its final years.

And Ford also sells hybrid and plug-in hybrid models, while GM has said it will jump straight to EVs. Ford is concentrating its gas-based vehicles in three broad areas that encompass all the models Ford sells, Galhotra said. These are enthusiast vehicles like Mustang and Bronco off-road SUVS, general-purpose SUVs like the Ford Escape and Explorer and, of course, trucks such as the F-series and Maverick.

 

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Outdated, slow, expensive, unreliable

I’m getting an electric car before CNN insists those without get an electric chair instead.

What? How long do they think this will last? We are already at the point where people would nearly always choose electric over gas. Cost is the only factor stopping everyone from buying them now.

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