Ford scales back EV ambitions, forecasts $19.5-B write-down

Ford's Reckoning A $19.5 Billion Shift Away from Electric Vehicles

Ford Motor Company has announced a significant write-down of $19.5 billion, marking a major pivot in its strategy away from electric vehicles (EVs). This move comes as the automaker scales back its ambitions in the EV market, where it had initially invested heavily.

This development raises questions about Ford's commitment to sustainability and its ability to adapt to changing market conditions. As the automotive industry continues to evolve, Ford will need to reassess its priorities and find new ways to stay competitive.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.