Ford will record $19.5 billion in special costs due to restructuring and will reduce investments in fully electric vehicles.
Lara Maior
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Economy
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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.
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