Ford Will Take $19.5 Billion Hit as It Rolls Back E.V. Plans
NegativeFinancial Markets

- Ford Motor announced a significant financial setback, projecting a $19.5 billion loss due to a strategic shift towards producing fewer electric vehicles and increasing the production of hybrid models, including the F-150 Lightning, which will no longer be a fully electric vehicle.
- This decision reflects the company's response to declining electric vehicle sales and the expiration of federal tax credits, which have impacted consumer demand and forced Ford to reassess its electric vehicle strategy amidst a competitive market.
- The broader implications of this shift highlight ongoing challenges faced by traditional automakers in adapting to the electric vehicle market, especially as they navigate partnerships and regulatory pressures in Europe, where competition with companies like Stellantis intensifies amid climate proposals.
— via World Pulse Now AI Editorial System
