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Stock impact report

1 Electric Vehicle Stock to Consider Buying Now That Ford Just Pulled Back From EVs [Yahoo! Finance]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Yahoo! Finance
It's ideally placed to produce the low-cost models that consumers are demanding. These 10 stocks could mint the next wave of millionaires › Ford Motor Company (NYSE: F) recently announced a whopping $19.5 billion charge on its electric vehicle (EV) related assets, including $5.5 billion in "cash effects with the majority paid in 2026 and the remainder in 2027." In addition, the company reduced its focus on EV programs to concentrate on its investment in a Universal EV Platform, aiming to produce "smaller, affordable models." It's a symbolic shift, and that highlights some key dynamics in the industry. When lockdowns were imposed on the economy, automakers rushed to advance EV investment plans, leading to a slew of EV models hitting the market over the last couple of years. Unfortunately, nearly all of them, Ford's models among them, were unprofitable. They were de facto loss leaders for automakers trying to capture market share from industry leader Tesla (NASDAQ: TSLA) . That Show less Read more
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