Ford Faces $19.5 Billion Charge Amid EV Strategy Shift
TL;DR Summary
Ford Motor is reducing its electric vehicle production plans and will incur a $19.5 billion loss, due to overestimating demand for EVs and underestimating the durability of gasoline and diesel vehicles, influenced by policy changes and market shifts.
- Ford Will Take $19.5 Billion Hit as It Rolls Back E.V. Plans The New York Times
- Ford to record $19.5 billion in special charges related to EV pullback CNBC
- Ford pivoting to hybrids and dropping all-electric F-150, sees $20B in charges Axios
- Ford to make big pivot in future vehicle offerings, add a new business Detroit Free Press
- Ford retreats from EVs, takes $19.5 billion charge as Trump policies take hold Reuters
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