Core Insights - Detroit auto giants, particularly GM, are reporting strong profits from their internal combustion engine (ICE) operations despite losses in electric vehicle (EV) sectors [1][5] - GM expects adjusted pre-tax profits between $12 billion and $13 billion in 2025, with adjusted earnings per share (EPS) guidance raised to between $9.75 and $10.50 [1] - Ford has announced a significant $19.5 billion charge related to its EV strategy, halting production of the all-electric F-150 and shifting focus to hybrids and extended-range electric vehicles (EREVs) [2] Financial Performance - GM's financial performance has been impressive, with a 49% rise in stock value over the past year, outperforming Ford [7] - Ford and GM have gained 38% and 53% in stock value respectively this year, despite challenges from tariffs [5] - GM's share count has decreased by 15% year-over-year due to aggressive share repurchases, which are expected to continue [7][8] Market Dynamics - The U.S. automotive industry is experiencing a shift due to the phasing out of the EV tax credit and changes in fuel economy standards [4] - Tesla's CEO anticipates "a few rough quarters" ahead for EV adoption rates, indicating broader challenges in the EV market [3] - Morgan Stanley upgraded GM based on its capital discipline while downgrading Rivian and Tesla amid industry challenges [9] Future Outlook - GM's forward price-to-earnings (P/E) multiple is currently at 7.8x, with expected earnings growth of 12.7% next year, resulting in a PEG multiple of 0.92x [10] - While significant gains like those seen in the past may not recur in 2026, GM is expected to continue benefiting from its legacy ICE business [11]

Core Viewpoint - Ford Motor Company announced a significant financial setback, incurring $19.5 billion in special charges, which has been characterized as "Detroit's Biggest EV Bust" [2] Group 1: Financial Performance and Strategic Shift - Ford's Model e division reported escalating losses, with $2.2 billion in 2022, rising to $4.7 billion in 2023, and projected losses of $5.1 billion in 2024, totaling $15.6 billion in losses before the recent write-downs [6] - The company's pivot towards hybrids is aimed at improving profitability and job creation, as CEO Jim Farley emphasizes a shift from high-priced electric vehicles to more affordable hybrid options [2][8] - The revised strategy includes the continuation of producing battery electric vehicles (BEVs) while introducing new, cheaper models to hedge against potential future policy shifts [10] Group 2: Government Policies and Industry Response - The Biden administration's policies, including substantial EV subsidies and regulatory measures, have pressured automakers to focus on electric vehicles, which Ford initially embraced but later found unsustainable [4][5] - Ford's management acknowledges the need for a strategic pivot in response to changing federal policies and consumer preferences, indicating a cautious approach to future investments in electric vehicle technology [7] - The company aims to balance its electric vehicle ambitions with the strong demand for traditional internal combustion engine (ICE) vehicles, which have helped offset losses in the EV sector [14]

合同终止的原因是福特近期政策变化以及电动汽车需求预期转变，导致该公司决定停止生产某些电动汽 车车型。 注：福特拟重组电动车业务并计提195亿美元费用 放缓纯电车型而押注混动。 责任编辑：刘明亮 LG新能源表示，福特汽车取消了价值9.6万亿韩元的电动汽车电池供应合同，该合同在2024年达成。 合同终止的原因是福特近期政策变化以及电动汽车需求预期转变，导致该公司决定停止生产某些电动汽 车车型。 注：福特拟重组电动车业务并计提195亿美元费用 放缓纯电车型而押注混动。 责任编辑：刘明亮 LG新能源表示，福特汽车取消了价值9.6万亿韩元的电动汽车电池供应合同，该合同在2024年达成。 ...

Core Insights - Ford announced a significant write-off of $19.5 billion related to its electric vehicle business, yet this news did not lead to panic among shareholders [1] Company Summary - The $19.5 billion write-off indicates substantial financial challenges within Ford's electric vehicle segment [1] - Despite the write-off, shareholder confidence appears to remain intact, suggesting a potential long-term belief in the company's strategy or recovery [1] Industry Summary - The announcement reflects broader challenges faced by the electric vehicle industry, particularly in managing costs and achieving profitability [1] - The reaction of shareholders may indicate a growing acceptance of volatility and risk within the electric vehicle market as companies navigate their transition strategies [1]

Shares of  Ford Motor Company ( NYSE: F ) gained 6.13% over the past month after gaining 9.65% the month prior. ...

Key Points In the last decade, this top auto stock has significantly lagged the overall S&P 500. Ford’s low growth, low profits, huge capital expenditures, and cyclicality are negative factors. 10 stocks we like better than Ford Motor Company › Investors should be pleased with Ford (NYSE: F) this year. The Detroit automaker's shares have returned an impressive 48% so far in 2025 (as of Dec. 12), including dividends. The S&P 500 comes up short. Ford has positive momentum as 2026 approaches. Does thi ...

Group 1 - Ford officially announced its entry into the energy storage market, marking a strategic shift for the century-old automaker [2] - The company plans to invest approximately $2 billion over the next two years in collaboration with CATL to transform and expand its existing battery production lines, aiming for an annual capacity of over 20GWh by 2027 [3][4] - The partnership with CATL involves a technology licensing model, allowing Ford to quickly gain access to advanced lithium iron phosphate (LFP) battery technology while avoiding certain regulatory restrictions [4] Group 2 - Ford's shift to energy storage is driven by the need to adapt to a challenging automotive market, with a specific focus on grid-level storage and backup power for data centers [6] - The U.S. energy storage market is projected to reach 40-50GWh in demand next year, with significant growth expected from data centers, potentially driving demand to 122-245GWh by 2030 [9] - The collaboration with CATL positions Ford to leverage established technology and brand trust, which is crucial for competing in a market that requires high safety, long lifespan, and cost efficiency in battery solutions [9]

Core Insights - The U.S. automotive industry is experiencing a shift away from fully electric vehicles (EVs), as evidenced by Ford's recent announcement to scale back its EV-focused business strategy, including scrapping plans for a new electric truck and converting its F-150 Lightning to a hybrid model [1][2][9] Industry Challenges - Manufacturing costs for vehicles in the U.S. have risen due to higher labor costs, stricter environmental regulations, and supply chain issues, leading to increased investment risk [4][5] - Regulatory changes and the elimination of federal tax credits for EVs have added uncertainty to investment decisions in U.S. manufacturing [5][6] - Ford's flagship EV, the F-150 Lightning, has faced profitability issues, with the cost of production rising significantly from an initial price of $40,000 to around $55,000 for the 2025 model [6][7] Market Dynamics - Despite record-high EV sales in the U.S. this year, the market is still heavily influenced by consumer sentiment, which has shown signs of decline, particularly among gas and hybrid vehicle drivers [15][16] - The global EV market is dominated by China, which accounts for approximately 70% of global EV production, highlighting the competitive challenges faced by U.S. automakers [11][12] Future Outlook - While Ford is scaling back on larger electric vehicles, it plans to focus on smaller, more affordable models and expand its hybrid offerings [10][19] - Experts remain optimistic about the long-term potential of EVs, citing advancements in battery technology and the overall positive experience of EV ownership [18][19] - The U.S. EV industry has faced fluctuations before, and while current economic conditions may justify a pullback, there is a risk of falling behind when the market rebounds [20]

Group 1 - Ford has canceled an electric vehicle battery contract with LG, which was valued at 9.6 trillion Korean won (approximately US$6.52 billion) [1]

【文/观察者网 潘昱辰 编辑/高莘】据路透社报道，在特朗普政府暂停了两项价值18亿美元的电动汽车 充电基础设施的拨款计划后，美国16个州和哥伦比亚特区于12月16日起诉了美国联邦政府。 事实上，自二次上任以来，特朗普已从多个方面针对电动汽车进行打压。今年6月，特朗普签署反对决 议，禁止加州在2035年前停售燃油车的规定，此外，他还签署了终止7500美元电动汽车税收抵免的行政 令；本月，特朗普还提议放宽前总统拜登于去年敲定的燃油经济性标准，以促进燃油车的销售。 有观点认为，此案是美国政策波动带来的撕裂性又一直接体现。一方面，美国联邦政府与州政府有关清 洁能源政策的诉讼争端进一步撕裂了美国社会，使其更加内耗与不稳定；另一方面，特朗普打压电动车 以促进燃油车销售的做法，虽然在短时间内让美国传统汽车制造商获得喘息机会，但长远来看只会撕裂 美国汽车产业与全球汽车产业的联系纽带。美国电动汽车发展也将更加落后，将不可避免地迎来"加拉 帕戈斯化"。 唯"利"是图 据路透社报道，此次参与起诉联邦政府的加利福尼亚州总检察长罗布·邦塔（Rob Bonta）表示，价值18 亿美元的电动汽车充电基础设施拨款，是2022年拜登政府制定的 ...