Ford takes $19.5bn hit amid electric vehicle retreat as Trump policies bite

Ford has announced a significant reduction in its electric vehicle plans, incurring a $19.5 billion loss, primarily due to weak demand and regulatory changes under former President Donald Trump. This decision reflects a strategic retreat from large electric vehicles as the company reassesses its market position.

Former President Donald Trump is considering an executive order to loosen federal restrictions on marijuana, a move that could significantly impact the cannabis industry. This potential shift comes amid ongoing discussions about regulatory reforms in various sectors, including energy and technology.

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.

Korea Zinc has announced plans to construct a $7.4 billion minerals refinery in the United States, with support from former President Donald Trump. This significant investment reflects the company's commitment to expanding its operations in North America and enhancing its production capabilities.

Ford has announced a significant overhaul of its electric vehicle strategy, resulting in a $19.5 billion loss. This decision comes amid weak demand for electric vehicles and regulatory changes implemented during Donald Trump's presidency, leading the company to scrap plans for its flagship all-electric pick-up truck.

Ford has announced a staggering $19.5 billion loss as it reevaluates its electric vehicle (EV) strategy, marking a significant setback for the U.S. auto industry in its pursuit of EV ambitions. This decision comes amid ongoing challenges, including weak demand for electric vehicles and regulatory changes that have impacted the market landscape.

Ford CEO Jim Farley announced that the company's overhaul of its electric vehicle (EV) business is expected to be profit positive, emphasizing a strategic pivot towards energy storage during an interview on Bloomberg The Close.

Ford CEO Jim Farley announced a strategic overhaul of the company's electric vehicle (EV) business, asserting that the shift will lead to profitability after years of struggles. In an interview with Bloomberg, Farley emphasized the need for this pivot to ensure the company's competitiveness in the evolving automotive market.