Ford Motor Co

F: XNYS (USA)
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Ford: Restructuring Electric Vehicle Program Costly but Likely Necessary

Ford raised its 2025 adjusted EBIT guidance to about $7 billion on Dec. 15 and announced $19.5 billion of EV restructuring charges related to canceling three planned EVs (full-size pickup and two commercial vans) and ending a battery joint venture. Ford will also launch an energy storage business.

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