Ford retreats from EVs, takes $19.5 billion charge as Trump policies take hold
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 models in response to the Trump administration’s policies and weakening EV demand. The Dearborn, Michigan-based company said it will stop making the F-150 Lightning …
Ford retreats from EVs, takes $19.5 billion charge as Trump policies take hold Read More »