The Detroit automaker is refocusing on hybrids and pouring money into battery-energy storage.
Ford CEO Jim Farley says the overhaul of its electric vehicle business will be "profit positive" and discusses the automaker's pivot to energy storage. He speaks on "Bloomberg The Close.
Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry's retreat from battery-powered mo
Company to scrap several electric models and focus on gas and hybrid as US president pulls support for EVs
Ford CEO Jim Farley joins CNBC's Phil LeBeau and 'Closing Bell Overtime' to talk the companies decision to scale back EV production.
Ford said it will pivot hard into gas and hybrid models, and eventually hire thousands of workers.
Amid Ford's shift away from making large electric vehicles, the automaker is adding a new product line to find a home for its batteries.
Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry's retreat from battery-powered mo
Ford Motor said the costs come from its decision to make fewer electric vehicles than it had planned and more hybrids that use both gasoline engines and batteries.
Ford expects to record about $19.5 billion in special items, mostly during the fourth quarter, the automaker said Monday. The charges are related to a restructuring of its business priorities and a pu
Ford is ending production of the fully-electric F-150 Lightning as part of a broader companywide shakeup of its electric vehicle plans, the company announced Monday. In its place, Ford will sell what'
DEARBORN, Mich.--(BUSINESS WIRE)--Ford Motor Company today announced a series of actions to sharpen its Ford+ plan, executing a decisive redeployment of capital to meet customer demand and drive profi
The sum is among the largest impairments taken by a company and marks the U.S. auto industry's biggest reckoning to date that it can't realize its electric-vehicle ambitions anytime soon.
Ford Motor (F) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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