The electric cars (EVs) represent an epic transformation in the automotive industry. The car dealership model that has long been ingrained in the consumer life and is safeguarded by the franchise laws is scrutinized like never before. The question comes in, are electric cars really killing the car dealership, or are they triggering a much […]
Ford Accelerates Global Layoffs as it Strategically Repositions amid Shifting EV Demand and Market Volatility
Ford Motor Company is experiencing a fundamental structural re-alignment including massive layoffs of people in all its international operations. Such a radical change has been greatly helped by a redefinition of its electric vehicle (EV) strategy, which was prompted by a dramatic disconnect between bold industry projections and reality in the market. The current problems […]