Ford to take $19.5 billion writedown as it scraps flagship EVs

In the second half of 2025, U.S. car buyers began reversing a significant trend, as automakers like Ford adapted to changes in economic policy, particularly the imposition of universal tariffs on imports by the Trump administration. This shift has prompted Ford to reevaluate its strategies in the automotive market.

The European Union is currently deliberating in Brussels on the use of frozen Russian assets to support Ukraine amid ongoing military conflict. This decision comes as part of a broader strategy to provide financial assistance to Ukraine, which is facing significant economic challenges due to the war.

The European Union is currently discussing the potential use of frozen Russian assets to provide financial support to Ukraine amid its ongoing conflict with Russia. This initiative is part of a broader strategy to address Ukraine's urgent financial needs, which have been exacerbated by the war. The EU's decision to freeze these assets indefinitely aims to prevent vetoes from Hungary and Slovakia regarding financial aid to Ukraine.

Green stocks have seen a surprisingly positive year, with notable developments including Trump's media company merging with a fusion venture and Ford unveiling significant challenges in its electric vehicle (EV) strategy, marked by a $19.5 billion loss. This financial setback highlights the ongoing struggles within the U.S. auto industry as it pivots towards electric mobility.

Ford has announced a $19.5 billion pre-tax write-down on its electric vehicle division, leading to a 2.4% drop in stock price, trading around $13.3. This significant financial setback comes as the company reevaluates its EV strategy amid weak demand and ongoing challenges in the U.S. auto industry.

The Trump administration's decision to offer $10,000 bonuses to air-safety workers for their performance during the government shutdown has faced significant backlash from unions and workers, who argue that such incentives are inappropriate and do not address the underlying issues of job security and working conditions.

The European Union is facing a significant challenge as the Trump administration's national security strategy positions the U.S. as an adversary, emphasizing a need for Europe to leverage its strengths against the backdrop of AI's critical role in the U.S. economy and Trump's political survival.

The Trump administration has threatened economic penalties against European tech firms unless the European Union retracts its regulatory measures and lawsuits targeting U.S. companies. This warning was articulated by Jamieson Greer from the Office of the United States Trade Representative, highlighting ongoing tensions between the U.S. and E.U. regarding tech regulations.