Jim Cramer Remains Bullish On Ford Despite EV Investment Reduction: 'I Know You're Supposed To Buy The Autos'

In the wake of a recent shift in electric vehicle (EV) investment strategy, Ford Motor Company F continues to earn the confidence of CNBC’s Jim Cramer.

CNBC reported Ford has opted to scale back its investment in a Michigan-based EV battery plant. This decision comes on the heels of a renewed contract with the UAW union and a decline in EV demand. Yet, Cramer continues to express faith in Ford’s solid grounding under the helm of CEO Jim Farley.

Even as the S&P 500 seems poised to conclude its five-day surge, and Nvidia’s NVDA forthcoming quarterly results take center stage on Wall Street, Ford’s decision has not gone unnoticed.

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Referring to the broader spectrum of the S&P 500 index, Cramer noted, “There are 499 other stocks that matter.”

Despite Ford’s reduced EV investment, Cramer’s bullish stance remains unwavering.

He stated, “If the economy is coming out of a [Federal Reserve] tightening period … I know you're supposed to buy the autos.”

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