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0 0 0.000716204118173664 8.95255147717557E-05 0.000358102059086896 -0.00259623992837952 -0.00286481647269466 -0.00519247985675916
Stock impact report

Ford cuts electric F-150 Lightning production, takes $19.5B charge in strategic shift [Yahoo! Finance]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The Detroit automaker announced the move on Monday and explained it will take a $19.5 billion charge on its EV assets and product roadmap. The change will bring about roughly $5.5 billion in cash effects with the majority paid in 2026 and the remainder in 2027. Farley appeared on FOX Business Network's " Kudlow " and said the move will allow Ford to realize more of its upside potential, saying, "We think this is a better play for our company and for our shareholders. "Rather than spend billions more on these large EVs that we had planned that have no path to profitability, we're going to pour our investments into higher margin areas — more American-built trucks, more American-built vans, hybrids across our lineup and even affordable EVs built in Kentucky. And we're going to go into the energy storage business in the Midwest, make our country stronger," Farley added. Ford Ceo Hails Trump Fuel Standards Reset As A 'Victory' For Affordability And Common Sense "Everyone knows the Show less Read more
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