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Ford retreats from EVs, takes $19.5 billion charge

Ford Motor said it will take a $19.5 billion writedown and is ending the manufacture of several electric-vehicle models, in the most dramatic example yet of the car industry's retreat from battery-powered models in response to the Trump administration's policies and weakening EV demand.
Business • 16 Dec 25

Ford to make final call on Europe jobs cuts by mid-Feb

Ford intends to decide by mid-February on how many jobs will be cut in Europe, a spokesperson for German labour union IG Metall said today.
Business • 24 Jan 23

Ford shares see biggest daily drop since 2011

Ford Motor's stock tumbled over 12% yesterday in its deepest one-day decline in over a decade after the automaker said inflation-related costs would be $1 billion more than expected in the current quarter and that parts shortages had delayed deliveries.
Business • 21 Sep 22

Ford to cut about 10% of global workforce

Ford said today it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August.
Business • 20 May 19

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