Ford takes $19.5 billion hit
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The Blue Oval announced a major shift in brand strategy. Its future may be more hybrids, plug-in hybrids and EREVs than EVs.
Ford stock is down today, trading about 2.4% lower near $13.3 at the time of writing. Gains of 28% in the past six months ...
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer ...
Much of that sum reflects expenses related to canceling fully electric models that had been years in the making.
Ford Motor Co. intends to convert a Kentucky electric vehicle battery plant so it can produce cells for energy storage to ...
Ford said it plans to take on about $19.5 billion in one-time charges related to a restructuring as the automaker scales back ...
The Detroit auto giant said on Monday it would pull back from electric vehicles in a move that would cost the company nearly ...
Gov. Andy Beshear has long touted Ford's planned Kentucky EV battery plant. He blamed recent changes on Rep. Brett Guthrie ...
The Blue Oval brand will pivot toward ICE and hybrid powertrains as CEO Jim Farley announces a $19.5 billion EV write-down.
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