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Ford’s EV Writedown and Pivot to Hybrids Might Change The Case For Investing In Ford Motor (F)
Ford Motor has overhauled its electrification roadmap, halting several larger EV programs, ending the current F‑150 Lightning, and recording about US$19.50 billion in special charges tied to refocusing on affordable EVs, hybrids and a new battery energy storage business.
This reset shifts capital toward higher-return trucks, vans and a flexible Universal EV Platform, while Ford assumes about US$3.00 billion in pre-tax charges to take full control of two Kentucky battery plants from its...