Ford seems to be getting plaudits this week for what we see as a “very strange” strategy. On the one hand last week it said it will spend on EVs in the US and has promised “it won’t be left behind by anyone.” But this week its European arm has separately stated that it will have a pure EV offering by 2026. We believe this will stretch its resources trying to straddle both ICE, EV and hybrid engine designs in different parts of the world, and potentially leavings its most talented designers on engines which have little future. Our analysis of its moves last week suggested that it was only half-heartedly committed to a shift into EVs, with just 3…