Ford Takes $19.5B Hit, Shifts Focus from EVs to Hybrids and Profitable Models

Ford said it will take about $19.5 billion in charges, mostly tied to its electric-vehicle business, as it pulls back from loss-making EV investments amid weak demand. The automaker said it will shift capital toward hybrids and extended-range vehicles, stop producing the all-electric F-150 Lightning, and instead focus on models with higher profitability. Ford said […]