Ford retreats from EVs, takes $19.5 billion charge as Trump policies take effect
Dec 15 (Reuters) – Ford Motor said on Monday it will take a $19.5 billion 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 Trump administration policies and weakening EV demand. The Dearborn, Michigan-based company said it will stop … Read more