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Ford slashes EV ambitions, taking $19.5B charge amid production cuts and facility closures.
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.
The move follows challenges in EV demand, rising costs, and slower-than-expected market adoption.
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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Ford recorta las ambiciones de EV, cobrando $ 19.5B en medio de recortes de producción y cierre de instalaciones.