Ford isn’t just scaling back on electric vehicles, it’s rethinking how it handles batteries altogether. This month, the automaker scrapped not one but two major EV battery deals: an $11.4 billion ...
Ford Motor Co. will take $19.5 billion in charges tied to a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable. The majority of the charges will come ...
Amid Ford’s shift away from making large electric vehicles, the automaker is adding a new product line to find a home for its batteries. Ford said Monday that instead of scuttling plans to build the ...
Ford on Monday said it is pulling back on its electric vehicle plans, a move that will result in a $19.5 billion charge against its earnings to be taken mostly in the current quarter. But excluding ...
Ford said today it’s taking on roughly $19.5 billion in charges related to its electric-vehicle business. It’s one of the largest corporate write-downs ever, underscoring a growing realization in the ...
Mass layoffs are anticipated to start soon at Kentucky’s BlueOval SK plant as it shifts from making electric vehicle batteries to making energy storage systems. South Korean battery maker SK On and ...
In a nutshell: The long-awaited third installment in the iconic Half-Life series is reportedly nearing completion and fans might not have to wait too much longer to get their hands on it. According to ...
Ford changed the landscape of the truck market when the F-150 Raptor arrived for the 2010 model year. More than a decade and a half later, seemingly the entire truck and SUV market has borrowed ...
Ford Motor F0.86%increase; green up pointing triangle said Monday it expected to take about $19.5 billion in charges, mainly tied to its electric-vehicle business, a massive hit as the automaker ...
Journal Editorial Report: Trump ditches the mileage mandates at the center of Biden’s EV push. Not long ago, auto makers were touting electric cars as the future. Well, now they are slamming the ...
Electric vehicles haven't been a huge victory for Ford despite solid sales numbers. Between production costs and stagnant demand, it's time for a change in game plan. Ford announced a major shift in ...
Dec 15 (Reuters) - Ford Motor (F.N), opens new tab announced a $19.5 billion charge on electric-vehicle investments on Monday, the most visible sign to date of the auto industry’s pullback from a ...
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