Ford to convert KY battery plant for energy storage business, reportedly laying off 1,500 workers [Yahoo! Finance]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Yahoo! Finance
It was a joint venture between Ford Motor Co. and South Korea-based company SK On. (Kentucky Lantern photo by Austin Anthony) Ford Motor Co. will lay off about 1,500 workers in Kentucky as it converts a ballyhooed plant in Hardin County from making batteries for electric vehicles to making batteries for a new energy storage business. Ford on Monday also announced that it is taking a $19.5 billion writedown and canceling several electric vehicle models in the face of Trump administration policies and lackluster demand for electric vehicles. In a press release , the company said the conversion of the Glendale plant, which began operations in August, would “serve the rapidly growing battery energy storage systems market” by leveraging “currently underutilized electric vehicle battery capacity to create a new, diversified and profitable revenue stream for Ford.” The company said it would invest $2 billion over two years to scale the energy storage business and deploy at least 20 gig
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News
- About 1,600 to be laid off as Ford repurposes BlueOval SK for energy storage in KY [Yahoo! Finance]Yahoo! Finance
- Ford's $19.5 billion EV writedown: five things to know [Yahoo! Finance]Yahoo! Finance
- Ford Takes $19.5 Billion Hit as It Pivots to Hybrids, Trucks, and Energy Storage [Yahoo! Finance]Yahoo! Finance
- Ford's $19.5 billion EV writedown: five things to know [Yahoo! Finance Canada]Yahoo! Finance Canada
- Ford pivots from EV plans, announces reinvestment in gas, hybrid vehicles [CBS News]CBS News
F
Earnings
- 10/23/25 - Beat
F
Sec Filings
- 12/15/25 - Form 8-K
- 12/12/25 - Form 8-K
- 12/3/25 - Form 4
- F's page on the SEC website