One of America's iconic car makers struggles to balance capital risk with policy risk after sustaining billions in losses ...
Shares of LG Energy Solution dropped as much as 7.6% in morning trade on Thursday after the company announced a day earlier ...
I’ve written frequently here in recent years about the financial fiasco that has hit Ford Motor Company and other big ...
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer ...
The Dearborn automaker will focus on higher-return products and businesses because of poor demand for EVs, high costs and ...
Ford Motor Co. will take $19.5 billion in charges tied to a sweeping overhaul of its electric vehicle business after ...
Ford Motor announced a $19.5 billion charge on electric-vehicle investments on Monday, the most visible sign to date of the ...
On Monday, Ford announced that it was discontinuing production of the full-size EV pickup. "It didn't make sense to keep ...
The sum marks the U.S. auto industry’s biggest reckoning to date that it can’t realize its EV ambitions anytime soon.
The news also follows a similar development between Ford ( F) and SK On to terminate its $11.4B BlueOval joint venture to ...
The move comes as a response to the Trump administration’s waning support for electrification and a weakening consumer market ...