Ford Will Take $19.5 Billion Hit as It Rolls Back E.V. Plans

Core Insights - Ford Motor has decided to reduce its production of electric vehicles and increase the manufacturing of hybrid vehicles that utilize both gasoline engines and batteries [1] Group 1 - The decision to produce fewer electric vehicles is a strategic shift in Ford's approach to its vehicle lineup [1] - The increase in hybrid vehicle production indicates a response to market demand and possibly regulatory considerations [1]