Ford reveals breakthrough process for lower priced EVs

Ford says its finally cracked the code on cheap EVs. The automaker announced plans to build “a family” of low-cost electric vehicles at its Kentucky assembly planrt, starting with a four-door, midsized $30,000 pickup truck in 2027. Ford touted the announcement as its “Model T moment” that will be more streamlined to help bring down costs and put the company on a path to profitability. And it comes at an inflection point for the iconic American automaker, with the company expected to lose over $5 billion on EVs and software this year alone. The platforms will be scalable and adaptive to...