Financial MarketsFordUpdated 15 hours ago

Ford Faces $19.5 Billion Loss as It Scales Back Electric Vehicle Plans

Ford has announced a $19.5 billion loss as it significantly reduces its electric vehicle plans, shifting focus towards hybrid models due to weak demand and regulatory changes from the Trump administration. This strategic retreat marks a major setback for the U.S. auto industry in its electric ambitions, leading to the discontinuation of several EV models, including the F-150 Lightning.

Financial MarketsFord

Updated 15 hours ago

Ford Faces $19.5 Billion Loss as It Scales Back Electric Vehicle Plans

Related Articles (5)

BBC News15 hours ago

Ford to scale back electric vehicle plans, taking $19.5bn hit

NegativeFinancial Markets

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.

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via BBC News

The New York Times16 hours ago

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.

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via The New York Times

Financial Times16 hours ago

Ford to take $19.5bn hit as US carmaker overhauls EV strategy

NegativeFinancial Markets

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.

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via Financial Times

The Wall Street Journal16 hours ago

Ford Takes $19.5 Billion Hit in Detroit’s Biggest EV Bust

NegativeFinancial Markets

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.

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via The Wall Street Journal

The Guardian17 hours ago

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

NegativeFinancial Markets

Ford announced a $19.5 billion writedown and the discontinuation of several electric vehicle models, including the F-150 Lightning, as it shifts focus towards gas and hybrid vehicles amid declining demand for EVs and the impact of Trump administration policies.

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via The Guardian