All articles tagged with #strategy shift
Originally Published 28 days ago — by The New York Times
Ford Motor is reducing its electric vehicle production plans and will incur a $19.5 billion loss, due to overestimating demand for EVs and underestimating the durability of gasoline and diesel vehicles, influenced by policy changes and market shifts.
Originally Published 3 months ago — by InsideEVs
Porsche is delaying its flagship electric SUV, opting to initially offer it with combustion and hybrid options instead of full electric, as part of a broader strategy shift due to slower electric model sales and market challenges. The company will continue developing gas-powered models like the Macan and 718, while electric versions like the Taycan and Macan Electric remain on track, reflecting a complex transition strategy amid global market pressures.
Originally Published 1 year ago — by Yahoo Finance
Tesla's stock hits a year-low as analysts reprice the company amid a global demand slump and narrowing profit margins. CEO Elon Musk is focusing on a shift towards self-driving and energy storage, leading to likely delays in the Model 2 sedan launch and the largest layoffs in company history. Analysts are anticipating a significant strategy shift ahead of next week's first-quarter earnings, with concerns about the impact on sales and earnings due to the delay. Analysts are revising price targets and ratings, with a focus on Tesla's progress in leveraging AI technologies and the need for Musk to bring investors into the new story more forcefully.
Originally Published 1 year ago — by Engadget
Sony's president, Hiroki Totoki, expressed a desire to reduce the gap between PlayStation exclusives and PC ports in order to improve margin performance, signaling a shift in strategy for the company. This move could see popular titles like Marvel’s Spider-Man 2 and God of War: Ragnarok arriving on PC closer to their console releases. The shift comes as Totoki prepares to take over as interim CEO of Sony Interactive Entertainment in April.
Originally Published 1 year ago — by Yahoo Finance
Ford CEO Jim Farley announced a shift in the company's EV strategy, focusing on larger EVs like trucks and smaller EV products, while abandoning the middle market for EVs. The company plans to invest more in its Model e business unit and capitalize on its dominant advantage in trucks and vans. This pivot comes in response to a "seismic change" in the EV market, with Ford aiming to be more mindful of capital requirements and vehicle economics. The move poses risks but is seen as a necessary evolution in the face of market challenges and competition, with Ford's traditional gas-powered and Ford Pro businesses continuing to drive strong profits.
Originally Published 2 years ago — by POLITICO
South Carolina Senator Tim Scott's presidential campaign is struggling, with polls showing him below 2 percent. Despite efforts to increase his visibility by appearing on mainstream news outlets, Scott's campaign has been deemed a disappointment by some of his supporters. The lack of preparedness for the first debate and a failure to generate significant news coverage have been cited as turning points in his declining popularity. Scott's high spending rate and cancellation of millions of dollars in fall advertising have also raised concerns. However, Scott's campaign remains determined, with plans for a bus tour and grassroots efforts. It is uncertain whether these efforts will be enough to revive his campaign and gain traction in the crowded Republican primary field.