Key Takeaways Ford's (F) electric vehicle strategy is changing gear. The automaker announced a major shift in its EV plans late Monday, with the company expecting to take on about $19.5 billion in one-time charges to account for the costs of a restructuring plan that will see the automaker focus more on hybrid and plug-in vehicles, while pulling away from pure EVs. Ford said it plans to recognize most of the $19.5 billion in charges during the fourth quarter, with about $5.5 billion in cash effects to be pa ...

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]