Ford takes $19.5bn EV hit after demand slump [Yahoo! Finance]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Yahoo! Finance
The US car giant said it was scrapping plans to invest significant sums into EVs in future, including the production of large battery-powered pickup trucks, after “lower than expected” uptake cost the Detroit carmaker billions in losses. Instead, it will plough more into building conventional trucks and vans, and cheaper EVs, as well as launching a new battery energy storage business. The $19.5bn writedown, announced to Wall Street on Monday, is one of the largest financial hits suffered by a carmaker to date as bets on EVs turn sour in the face of plummeting demand. Ford's writedown includes $6bn to close a joint venture with South Korean company SK Group. The duo had planned to build a massive battery factory in Kentucky to propel Ford's EV vision but the plan has now been scrapped. Jim Farley, Ford's chief executive, said: “This is a customer-driven shift to create a stronger, more resilient and more profitable Ford. “The operating reality has changed and we are redeploy
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F
News
- Ford Forecasts $19.5 Billion in Charges as Part of Shift in Electric Vehicle Strategy [Yahoo! Finance]Yahoo! Finance
- Ford to record $19.5bn charge in shake-up of EV strategy [Yahoo! Finance]Yahoo! Finance
- Ford LAP to close for 'extended period' as it prepares for new EV line [Yahoo! Finance]Yahoo! Finance
- Ford to convert BlueOval SK plant in Kentucky. Here's what we know [Yahoo! Finance]Yahoo! Finance
- KY remains ‘EV battery capital of the US' despite BlueOval layoffs, Beshear says [Yahoo! Finance]Yahoo! Finance
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