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Ford Stock Gains as CEO Unveils Plans to Revamp SUV Lineup
Ford Stock Gains as CEO Unveils Plans to Revamp SUV Lineup
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BTCCSquare news:
Ford shares edged higher in late trading Tuesday as CEO Jim Farley outlined ambitious plans to address what he called the "generic" crossover SUV market. The automaker's strategy centers on a new truck platform designed to outperform rivals like Toyota's RAV4 in cargo space and versatility.
Speaking to workers in Louisville, Farley emphasized the forthcoming vehicle's innovative features—including a front trunk ("frunk") and expanded cabin room—while tacitly acknowledging Ford's own participation in the crowded SUV segment. The announcement builds on Ford's recent electric vehicle successes, including performance-tuned vans that have gained attention at Germany's Nürburgring circuit.
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