Ford to take $19.5bn hit as US carmaker overhauls EV strategy
Group scraps plans for some electric trucks as it contends with Trump regulatory changes and tepid demand
Group scraps plans for some electric trucks as it contends with Trump regulatory changes and tepid demand

The F-150 Lightning economics did not add up but also reflected industry-wide miscalculation of US EV uptake

New range will include a midsize, four-door electric pick-up priced from $30,000

Detroit carmaker has secured a $3bn credit line to prepare for rising cash pressure

Group posts full-year net loss of $8.2bn owing to $19.5bn charge it disclosed last month

US president has threatened to raise levies to 25% if EU does not implement last year’s trade deal

Manufacturers rethink US strategy in pivot back to petrol and hybrids