Ford takes $19.5bn hit amid electric vehicle retreat as Trump policies bite
N Shorts
Ford takes $19.5bn hit amid electric vehicle retreat as Trump policies bite
Company to scrap several electric models and focus on gas and hybrid as US president pulls support for EVsFord said on Monday it will take a $19.5bn writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in response to the Trump administration’s policies and weakening EV demand.Ford, based in Dearborn, Michigan, said it will stop making the F-150 Lightning in its electric vehicle form, but will pivot to producing an extended-range electric model, a version of a hybrid vehicle called an Erev, which uses a gas-powered generator to recharge the battery. Continue reading…

Technically enhanced content presented under fair use in public-interest journalism.


Discover more from Newz Quest

Subscribe to get the latest posts sent to your email.

By Vanshika

Meet Vanshika, a promising trainee at Newzquest.in, who plays a vital role in managing the news site’s operations with dedication and precision. With a strong interest in economics and data-driven insights, Vanshika focuses on analyzing economic trends to provide clear and timely news reporting. Her analytical mindset and eagerness to learn have made her an important contributor to the editorial process, enhancing content quality and aligning with the diverse expectations of Newzquest’s audience. Committed to continual growth, Vanshika actively deepens her understanding of the news landscape to offer nuanced insights on critical issues, helping foster a well-informed community.

Translate »

Discover more from Newz Quest

Subscribe now to keep reading and get access to the full archive.

Continue reading