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Motley Fool
Why Ford Stock Is Glowing Green in a Red Market Today
If you ask many investors, this might be due to Ford’s performance at the Detroit Auto Show last night, and in particular car enthusiasts’ excitement over Ford’s unveiling of a seventh-generation Mustang featuring a powerful 5-liter V-8 engine. Specifically, at the same time as it was unveiling its new gasoline-powered muscle car yesterday, Ford unveiled a new plan of action for selling electric vehicles (EVs) through its dealer network. To wit, if Ford dealers want to be able to sell Ford EVs, they’ll need to make up to $1.2 million in updates that include installing EV chargers at their dealerships.
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