Ford Expects $7B Charge Related to EV Pivot -- Market Talk

Dow Jones
3 hours ago

1612 ET - Ford Motor expects $7 billion in special charges through 2026 and 2027, mainly related to its pivot away from electric vehicles. The charge is related to Ford's "updated EV strategy," as well as its plan to take full ownership of a Tennessee battery plant, the automaker said. Ford said in December it would have a $19.5 billion impairment charge mainly tied to its EV business. Its EV business has lost $13 billion since 2023 amid changing policies and lackluster demand. Ford is shifting its focus to hybrid and gas-powered vehicles with a goal of redirecting EV investments to more profitable businesses. (katherine.hamilton@wsj.com)

 

(END) Dow Jones Newswires

February 10, 2026 16:12 ET (21:12 GMT)

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