Ford Ends EV-Certified Dealer Program, CNBC Reports
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Dow Jones
-- Ford Motor is terminating its EV-certified dealership program that required owners to invest more than $1 million to sell electric vehicles and open sales rights to all dealers, according to a report by CNBC.
-- Chief Operating Officer Marin Gjaja said at a media briefing that the company will sunset the Model e Dealerships Program, which included about half of Ford's 2,800 U.S. dealers.
-- The decision to end the program comes amid slowing growth of demand for EVs, the report said.
Full article: https://www.cnbc.com/2024/06/13/ford-ends-ev-dealership-program.html
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
June 13, 2024 11:19 ET (15:19 GMT)
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