Ford's EV Retrenchment Deepens: Buy F Stock or Stay Away?

U.S. auto biggie Ford (F) is scaling back its electric vehicle (EV) ambitions once again—this time by opening the doors of its battery plant to a rival. In a move that highlights the growing pressure facing automakers, Ford will allow Japan’s Nissan (NSANY) to use part of its underutilized Kentucky battery facility. This factory was originally part of Ford’s $7 billion EV investment push in 2021, built in partnership with South Korea’s SK On. Today, one plant sits idle, and only a portion of the other is pr ...