All articles tagged with #ev restructuring
Originally Published 27 days ago — by CNBC
Ford plans to record $19.5 billion in charges due to a strategic shift away from high-end EVs towards hybrids, smaller EVs, and new energy storage ventures, aiming for profitability in its electric division by 2029 and focusing on market-driven investments.
Originally Published 2 months ago — by Investor's Business Daily
General Motors stock soared after beating Q3 earnings and revenue expectations, raising full-year guidance, and reducing tariff impact estimates, despite recent EV restructuring charges due to regulatory changes and end of federal incentives, with CEO Mary Barra emphasizing focus on EV profitability and cost management.