Ford is retreating from EVs — but embracing grid batteries [Yahoo! Finance]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Yahoo! Finance
The company announced that it will delete nearly $20 billion in book value to extricate itself from its EV investments, an eye-popping loss that amounts to one of the biggest corporate impairments ever. The company, of course, views it differently: The move is a “ decisive redeployment of capital ,” it said on Monday, as it rolled out a string of related strategic changes alongside the write-down. The pivot hits particularly hard in the southeastern Battery Belt , where Ford had invested in multibillion-dollar BlueOval plants to produce batteries and electric vehicles. The EV battery facility in Glendale, Kentucky, will lay off about 1,600 employees , and local outlet the Memphis Commercial Appeal reported that a Ford factory in Tennessee will hire around 1,000 fewer workers than previously planned, now that it is making gas trucks instead of electric ones. As Ford retreats from EVs, though, it's enthusiastically embracing battery-making — announcing plans to repurpose the Kent
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News
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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