Can China’s tech giants succeed where Apple failed?
GlobalData's perspective from Auto China 2024
25 April 2024
25 April 2024
GlobalData's perspective from Auto China 2024
Strong hybrid and commercial vehicle sales boosted Ford’s bottom line, but EVs still a drag
March decline reflects model changeovers, but Q1 output still up 1.1% on last year
Company says it will not lead to any significant additional impact on earnings
Market had been in decline for over a year after an initial rebound from the Covid pandemic
To have capacity for 1.5m vehicles across the two brands by 2025
Less severe than group wide efforts to slash over 10% of global workforce
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