The automaker plans to invest in a low-cost Universal EV Platform for smaller, efficient EVs, including a midsize pickup set ...

Ford Motor announces a $19.5 billion writedown as it cancels several electric vehicle models in response to declining demand ...

Ford Motor has announced a massive $19.5 billion charge tied to its electric vehicle investments, marking one of the clearest ...

Ford announces a $19.5 billion writedown on EV investments, scraps next-gen electric models and shifts focus to hybrids, ...

Much of that sum reflects expenses related to canceling fully electric models that had been years in the making.

The move comes as a response to the Trump administration’s waning support for electrification and a weakening consumer market ...