The Michigan-based automaker has faced billions of losses in its electric vehicle business over the last few years
ByKirk Ogunrinde
ByKirk Ogunrinde,
Contributor.
Ford Motor said Monday it was taking a $19.5 billion hit to its profit as it scales back its electric vehicle production to focus more on gasoline and hybrid cars – the latest EV pullback in the automotive industry as it grapples with slowing demand for fully electric cars.
Ford said it expects to take a $19.5 billion hit over the next two years as it pivots away from electric vehicles due to reduced demand and reduced profitability of the models.
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Ford rivede la strategia sui veicoli elettrici, impatto da 19,5 miliardi - Industria e Analisi - Ansa.it
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How Ford’s bet on an electric ‘truck of the future’ led to a $19.5bn writedown
