TECH - GM and Ford's Earnings Beat Could Be A Double-Edged Sword For Their EV Transformation | Benzinga
Last week, Ford Motor (NYSE: F) and General Motors (NYSE: GM) topped Wall Street estimates with their first quarter results. But, they did it on the back of their internal-combustion engine vehicles, more precisely, trucks, that managed to offset EV losses. Both Ford and General Motors have responded to the EV slowdown by turning back to their traditional expertise, with Ford also focusing on hybrids. Yet, the EV revolution has not stopped, with EVs still growing, just at a slower pace. Therefore, both GM and Ford risk losing the pace as the EV evolution continues to fuel innovation.
One such example is an innovative truck accessory maker committed to bringing clean energy solutions to the market, Worksport Ltd (NASDAQ: WKSP).
Worksport shows ...