Ford takes $19.5 billion hit
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The move comes as a response to the Trump administration’s waning support for electrification and a weakening consumer market.
Ford will take a $19.5bn (£14.5bn) hit after cutting back electric vehicle (EV) production because of a slump in demand from drivers.
Desperate to catch up with Chinese automakers, Ford is redesigning its fleet with a Silicon Valley-style team. Is it too late?
Renault Group and Ford are joining forces to supercharge their electric vehicle strategies in Europe, announcing a major partnership that blends Renault’s EV expertise with Ford’s market presence. The two automakers will share electric platforms and collaborate on new light commercial vehicles (LCVs) to boost competitiveness across the continent.
Ford opened orders for the Bronco EV last month with pre-sale prices starting at RMB 229,800 ($32,300). Although it is available with a fully electric (EV) powertrain, it’s also offered as an extended-range electric vehicle (EREV).
SK On said it's made an agreement with Ford to exit their electric vehicle battery joint venture in Kentucky and Tennessee.
Louisville Public Media on MSN
Ford, South Korean company end partnership on EV battery plant in Kentucky
A South Korean company is ending its joint venture with Ford to build batteries for electric vehicles, casting uncertainty on the massive plant in Glendale, Kentucky.
South Korean battery manufacturer SK On will take full ownership of the battery plant at BlueOval City in Stanton after the company and Ford Motor Company announced plans to end their joint U.S. battery factory venture Thursday.