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flag Ford slashes EV ambitions, taking $19.5B charge amid production cuts and facility closures.

flag Ford announced it will record $19.5 billion in special charges as part of a major shift in its electric vehicle strategy, including scaling back EV production, closing facilities, and writing down investments. flag The move follows challenges in EV demand, rising costs, and slower-than-expected market adoption. flag The charges will impact the company’s financial results for the current quarter and reflect a strategic retreat from its earlier aggressive EV expansion plans.

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