Ford keeps faith in secret EV unit as market cools and leadership shifts
Ford presses ahead with its secretive Universal Electric Vehicle platform, betting on a North America–focused lineup of affordable EVs to reach profitability by 2029, even as the market slows, restructuring charges mount and EV chief Doug Field departs; the company is building out the Long Beach Electric Vehicle Development Center and pursuing megacasting and a leaner design to cut costs and outpace Chinese competitors, starting with a roughly $30,000 midsize pickup next year and a broader UEV family.