Ford tapped the brakes on EVs and bet on hybrids. It's paying off.
Ford boss Jim Farley told investors he is "thankful" the company invested in its hybrid lineup.
Bill Pugliano/Getty Images
- Ford is reaping the benefits of its bet on hybrids.
- The automaker recorded surging hybrid sales in the last quarter, even as demand for EVs slowed.
- Ford slowed its EV push, postponing investment into manufacturing facilities and delaying new models.
Ford's bet on hybrids looks like it's paying off.
The Detroit automaker announced...
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