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Stock impact report

Can American car companies survive American politics? [Yahoo! Finance]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Yahoo! Finance
A version of this story appeared in CNN's What Matters newsletter. To get it in your inbox, sign up for free here The Biden administration was all in on electric vehicles. The Trump administration is all but hostile to them. Ford used to call the transition to EVs a new Model T moment . Now it's regrouping, taking a $ 19.5 billion hit and pulling back from the revolution. GM is also retreating from its plans for EVs. Chrysler is hitting the “ reset ” button. Meanwhile, innovation in China has many wondering whether US companies will be left behind , assuming consumers do ultimately pivot away from internal combustion engines. China's government formulated a plan for its auto industry and has stuck to it. The US government, in successive elections, has done the opposite of that. And now President Donald Trump has begun a war on Iran, which is spiking the price of gasoline I talked to Chris Isidore , who covers the auto industry for CNN, to see what his reporting says about Show less Read more
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