A 2025 Ford Lightning electric vehicle (EV) at a Ford dealership in Antioch, California, US, on Thursday, Dec. 18, 2025.DETROIT — Ford Motor said it will report pretax charges of $600 million in its fourth-quarter results due to adjustments in its employee pension plans and other postretirement benefits.The Detroit automaker said the special charges, which will affect its net income but not its adjusted results or cash, are split between domestic plans and those outside the U.S."The remeasurement loss for U ...

VEHICLES RETHINKS ITS BROADER PORTFOLIO. PHIL LEBEAU JOINS US NOW WITH FORD CEO JIM FARLEY. PHIL, TAKE IT AWAY.>> THANK YOU MORGAN. JIM, THANKS FOR JOINING US TODAY. WE JUST OUTLINED ALL OF THE CHANGES AND THE SPECIAL CHARGES THAT YOU WILL BE TAKING BETWEEN NOW AND THE END OF 27.I THINK EVERYBODY UNDERSTANDS WHY YOU'RE MAKING THIS DECISION. BUT WALK US BACK TO A COUPLE OF MONTHS AGO OR HOW LONG AGO WAS IT THAT YOU AND YOUR TEAM SAID, IT'S NOT WORKING WHAT WE PLANNED. WE HAVE TO COME UP WITH A NEW STRATEGY.A ...

Core Insights - The company is pivoting its strategy in response to a decline in the high-end electric vehicle (EV) market, which has seen a 5% shrinkage in the US, particularly affecting vehicles priced between $50,000 and $80,000 [1] - A significant pre-tax charge of $19.5 billion is being taken to facilitate this strategic shift, with $5.5 billion of that being cash charges, which are expected to yield a strong return [2][1] - The company aims to focus on affordable trucks and vans, leveraging its existing strengths in hybrid and electric range-extended vehicles (e-revs) to enhance profitability and meet customer demand [2][5] Market Positioning - The company forecasts that by 2030, half of its global sales will consist of hybrids, e-revs, or pure EVs, up from approximately 17% currently, indicating a significant ramp-up in production and sales over the next five years [4] - The company holds an 80% market share in hybrid trucks in the US and plans to expand its hybrid lineup, including the Bronco, to cater to consumer preferences [5] - The company recognizes regional differences in EV adoption, noting that while China has over 50% electric vehicle sales, the US market is currently at 5% [6][8] Strategic Collaborations - In Europe, the company is partnering with Renault to offer affordable EVs, avoiding heavy investments in its own EV production in that region [7] - The company is focusing on the truck and SUV market globally, emphasizing hybridization as a viable option to meet diverse consumer needs [8] Product Development - The company is committed to bringing its new product lineup to market, with a goal for its Model E division (EV business) to achieve profitability by 2029 [3] - The company is developing an affordable EV platform priced at $30,000, which is expected to resonate well with consumers [2][5] - The company believes that e-revs, which can travel 700 miles on a tank of gas while primarily operating in electric mode, are a more practical solution for consumers than high-priced all-electric trucks [9]