<
https://thedriven.io/2025/12/16/ford-takes-massive-29-billion-hit-as-it-turns-tail-and-retreats-from-evs/>
"US car giant Ford is to take a massive $US19.5 billion ($A29.3 billion) hit to
its profits so that it can pivot away from electric vehicles (EVs) and back
towards internal combustion engine (ICE) and hybrid models, a move which will
see the death of several planned electric models and the dissolution of a
battery joint venture with South Korea’s SK On.
The decision by Ford to turn tail and run away from EVs has been a long time
coming, with lower-than-expected sales, increased costs, and the schizophrenic
nature of American policy under the second Trump administration all
contributing to soften the company’s EV ambitions.
But the scale of Ford’s new plans has still taken many by surprise."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
