Ford will record $19.5 billion in special costs due to restructuring and will reduce investments in fully electric vehicles.
Lara Maior
.webp)
Economy
BONDART PHOTOGRAPHY/ Shutterstock.com
Always see our news on Google
Ford Motor has announced that it will incur approximately $19.5 billion in special costs, mostly in the fourth quarter, as a result of restructuring business priorities and reducing investments in fully electric vehicles. The company estimates cash payments of $5.5 billion through 2027, affecting net income but not adjusted earnings. Of the total costs, $8.5 billion are asset write-downs related to electric vehicles, reflecting a shift in strategy towards hybrid vehicles. Ford will transform the electric F-150 Lightning into an extended-range electric vehicle and will develop a new business line in energy storage. Estimates suggest that by 2030, 50% of Ford's global volume will be represented by hybrid and electric vehicles. Ford's shares have recorded a slight decline but are up nearly 40% since the beginning of the year.
Sources
Latest News
10:45
The High Court of Cassation and Justice has admitted the appeal of ROMATSA, announcing that the suspension of the institution's license, decided by the Bucharest Court of Appeal, is annulled.
10:42
The "mastermind" of the September 11, 2001 attacks will be tried in 2028 by a military tribunal. He has been held at Guantanamo since 2006.
10:39
The National Meteorological Administration has issued two yellow warnings for atmospheric instability and intensification of the wind, valid in various areas of the country.
10:31
Flying object fallen near the Chișinău-Basarabeasca route. The area has been isolated by the police.
10:28
The United States has announced the dismantling of a Chinese hacking operation that targeted government agencies such as the Department of Justice, NASA, and the Federal Reserve.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
