"Ford's Secret Plan to Challenge Tesla with Affordable EVs and Innovative Technology"

Ford is developing a low-cost EV platform with a team of top EV engineers to launch affordable electric models, aiming to compete with Tesla and Chinese OEMs. The move comes as Ford adjusts its capital to focus on smaller EVs and hybrids, following significant losses in its Model e electric vehicle business. Despite record EV sales, Ford is delaying around $12 billion in EV spending to align production with customer demand. The new platform for affordable EVs could greatly improve Ford's competitiveness in the EV market.