Ford Motor announced a $19.5 billion charge on electric-vehicle investments on Monday, the most visible sign to date of the auto industry’s pullback from a technology carmakers wholeheartedly embraced early this decade.
Much of that sum reflects expenses related to canceling fully electric models that had been years in the making. Ford is shifting much of its focus to expanding conventional gas models as well as hybrid vehicles in an effort to better match the prefe… [2835 chars]
Source: Reuters | Published: 2025-12-16T02:51:57Z
Credit: Reuters
