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Today’s news pushed Ford shares up 6%. Ford stock prices have doubled since CEO Jim Farley took the helm in October 2020.
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Biden stressed that the country needs automakers and other companies to keep manufacturing in America and “not take the benefits of our public investments and expand electric vehicles and battery manufacturing abroad."
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The automaker bases this assessment on a belief that electric vehicles will not catch up to gasoline-powered vehicles in terms of cost and convenience by 2030.
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Michael Boehm joins as GM of Juice Americas Inc. to further global expansion strategy to support the growing EV market.
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Assurant EV One℠ provides wear and tear coverage giving consumers peace of mind protection from cost of maintenance and unexpected repairs.
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