Wells Fargo double downgrades Ford and GM, saying 2022 could be “top profits” for legacy automakers

Ford F-150 Lightning pickup trucks stand on the production line at the Ford Rouge Electric Vehicle Center April 26, 2022 in Dearborn, Michigan.

Bill Pugliano | Getty Images

According to Wells Fargo, it’s time to throw cold water on Detroit’s transition to electric vehicles.

https://www.cnbc.com/2022/05/11/wells-fargo-double-downgrades-ford-and-gm-says-2022-could-be-peak-profits-for-legacy-automakers.html Wells Fargo double downgrades Ford and GM, saying 2022 could be “top profits” for legacy automakers

Jane Marczewski

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