Reddit shows that growing up fast may be good news for shareholders.
The company had in 2021 outlined plans for an all electric lineup for Europe by the end of the decade. "As EV adoption in Europe has slowed, we believe we need to offer our customers ICE (internal combustion engine) and hybrid vehicle options beyond 2030," Ford said in a statement to Reuters. Ford, which is closely monitoring the situation, said it would adapt as necessary.
U.S. natural gas demand will remain at record levels this summer driven by power market consumption and exports, but prices will decline from last year due to a production increase and higher storage levels, according to a summer outlook from the Natural Gas Supply Association (NGSA), an industry group, on Thursday. NGSA's 2024 Summer Outlook foresees downward pressure on prices, despite it projecting 1% increase in customer demand compared to last summer. Summer is defined as April through October, the industry’s traditional cooling season, NGSA added.
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