Jim Cramer, the host of CNBC’s “Mad Money,” has expressed his optimism about Ford Motor Co. (NYSE:F) amid the slowdown in the electric vehicle (EV) market.
What Happened: Cramer, during the CNBC Investing Club Homestretch, highlighted Ford’s strategic shift towards hybrid vehicle production. He described Ford’s recent moves as “really interesting” in the face of the EV market’s deceleration.
“Ford seems really interesting as the electric vehicle market slows down,” he said.
Despite the EV market’s slowdown, Ford has been making significant strides in the hybrid vehicle sector. This shift in focus was a notable feature of Ford’s fourth-quarter performance.
Why It Matters: The EV market has been experiencing a slowdown, with even industry leader Tesla Inc. reporting a weak fourth ...