Ford's $19.5 billion EV writedown: five things to know

Core Insights - Ford Motor announced a $19.5 billion charge related to electric-vehicle investments, indicating a significant shift in the auto industry's approach to technology that was previously embraced [1] Summary by Category - Company Actions - Ford's $19.5 billion charge reflects a major financial commitment to electric vehicles, highlighting the challenges faced in this sector [1] - Industry Trends - The announcement serves as a clear indication of the auto industry's retreat from the aggressive adoption of electric vehicle technology that was prevalent earlier in the decade [1]